Orbi Plaza in Batumi

Name: 📣 300$ — discount certificate
Start: 2020-06-18T11:45:48.326071+00:00
End: 2023-12-31T23:59:59+0000
Location: Orbi Plaza

Sales from the developer completed

Property for sale here (34)

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Reviews about Orbi Plaza

Susanna

Original language: Russian

I have had an apartment in this house for 2 years already, I bought it at a bargain price from the previous owner, already with furniture and appliances. I rent for a long-term lease, I get a stable monthly income.

Project info

Object ID: 7800

Finished at	September 2015
Price, m²	From 1100$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	22
Apartments	850
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Resale properties in this project	Found 34 object(s)

Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

33,000$

Net profit

5,906$

Payback period

4.1 years

Avg property value increase per year

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About the project

Information about the house

The residential complex "ORBI Plaza" is located near the sea in Batumi and is separated from the coast only by Sheriff Khimshiashvili Street.

Infrastructure and transport around

Nearby right next to the building is a grocery store, close to the school, the park, the cafe and the beauty salons. Within a radius of one kilometer there is a large shopping center and a hypermarket. There is a kindergarten and the Children's Republican Hospital.

There is a bus stop near the complex - and there are several routes. The distance to the resort center is about three kilometers, which you can easily overcome by bus.

Architecture

The residential complex "ORBI Plaza" is a twenty-two-storey multi-apartment hotel-type house, made of materials that meet ecological safety criteria.

The technologies used provide the required seismic stability and maximum comfort. The technical equipment of the complex meets modern requirements.

Comfortable, high-speed silent "Mitsubishi" elevators are installed in the entrance hall. The residential complex "ORBI Plaza" is equipped with an emergency water supply system, as well as a continuous power supply.

Developer

ORBI Group is the largest construction and development holding in Georgia, which was the first in the region to build multi-storey hotel com…
Details about ORBI GROUP