Wyndham Residence in Gonio

Name: Sales in Wyndham Residence started!
Start: 2021-08-26T10:04:05.627937+00:00
End: 2023-12-31T23:59:59+0000
Location: Wyndham Residence

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Project info

Object ID: 13960

Finished at	August 2024
Price, m²	From 2200$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 29.00 m²
Floors	25
Apartments	600
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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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

63,800$

Net profit

5,906$

Payback period

7.9 years

Avg property value increase per year

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About the project

Gonio is a district of Batumi, Georgia.. From the center of Batumi, Gonio is only 10-15 minutes away. At the same time, the area itself is a quiet green corner on the seashore, surrounded by mountains. Gonio is considered one of the most environmentally friendly areas on the entire coast.

25-storey complex with stunning sea and mountain views

Unlike most complexes in Batumi, it has a real access to the first coastline. Distance to beach is only 5 meters long.

Developer

Next Group - Your investment in a luxury lifestyle Investment-development company Next Group builds 5-star complexes in partnership with in…
Details about Next