Royal Residence in Batumi

Name: Sales in Royal Residence started!
Start: 2023-10-11T06:57:20.820031+00:00
End: 2023-12-31T23:59:59+0000
Location: Royal Residence

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Project info

Object ID: 25574

Finished at	December 2024
Price, m²	From 1750$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 29.40 m²
Floors	20
Apartments	414
Condition	Without finishing
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool
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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

50,750$

Net profit

5,906$

Payback period

6.3 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for Royal Residence

About the project

The Royal Residence project is under construction.

Location - New Boulevard area, namely - st. Rejeb Nizharadze. No. 5, 100 meters from the sea, about 2 minutes walk to the sea. The completion of the project is December 2024. As part of the promotion, you can take advantage of an internal interest-free installment plan for 20 months.

At this stage, construction of 19 out of 20 floors has been completed.

It will be a 20-storey residential complex, on the ground floor there will be commercial premises, as well as a lobby, reception, fitness room, and commercial apartments will begin on the 2nd floor. floor. 4 high-quality elevators will be installed, on the top floor there will be a terrace with panoramic views, where there will also be entertainment areas, children's corners and an outdoor swimming pool. The main advantage is the yard with an area of 3000 sq.m., with the largest recreation areas, free parking spaces and educational areas.

The seller will transfer ownership of the apartment to the buyer. In the state of a white frame, which includes: an entrance iron door of modern design (fire safety, sound insulation), metal-plastic doors and windows with euro-sliding and mosquito nets, interior partitions, plastered walls and suspended floors, electrical wiring, wiring in the bathroom, general heating system, access to the natural gas network, fire protection system. In addition, the parties agreed that the costs of utility metering would be paid by the buyer.