New Wave in Batumi

Name: Sales in New Wave started!
Start: 2020-06-19T08:59:46.794417+00:00
End: 2023-12-31T23:59:59+0000
Location: New Wave

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Project info

Object ID: 7801

Finished at	December 2019
Price, m²	From 1000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.00 m²
Floors	33
Distance to sea	250 m.
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 3 object(s)

Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

38,000$

Net profit

5,883$

Payback period

4.7 years

Avg property value increase per year

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Promos and discounts for New Wave

About the project

In the tourist district of Batumi, near the sea, there is a 31-storey multi-functional residential complex “New Wave”.

The new building is located in the area of New Boulevard. Nearby there is a school, cafe, restaurant, shop, water park, recreational facilities and entertainment centers, as well as Lake Ardagan with singing fountains.

The house has electricity, water and natural gas. The new building is provided with a backup electric generator, Internet and cable TV, a fire protection system is installed.

The building has a perfect design. The complex is built in accordance with modern technology. The house is cozy and comfortable. The new building has underground parking, 24-hour security, an elevator, a facade with stained-glass windows, a door with a combination lock.

When buying an apartment, interest-free installments for 15 months are provided.

It is proposed to purchase housing with various layouts with an area of 37.7 - 77.3 square meters. m. In case of payment immediately of the entire cost of the apartment, a discount is provided.

Developer

The construction and development company Arfi Group was founded in 2014. Activity of the company is as follows: search and acquisition of in…
Details about Arfi Group