GREEN PALACE in Gonio

Name: Sales in GREEN PALACE started!
Start: 2020-06-26T13:10:17.226544+00:00
End: 2023-12-31T23:59:59+0000
Location: GREEN PALACE

Sales from the developer completed

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Construction

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Project info

Object ID: 7866

Finished at	December 2020
Price, m²	From 413$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 33.00 m²
Floors	8
Apartments	63
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking 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

8,078$

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

13,629$

Net profit

5,883$

Payback period

1.7 years

Avg property value increase per year

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About the project

The residential complex Green Palace is an ideal space for both comfortable relaxation and permanent residence.

Location

Construction is underway in the resort Gonio on Svimon Cananeli street, house 65a, literally within walking distance from the sea. The house is surrounded by greenery on all sides, and the windows of the apartments offer beautiful views of the coast or mountains. Gonio has a more calm and measured rhythm of life. There is no fuss that is characteristic of Batumi, and the climate combines the advantages of sea and mountain. In the neighborhood is another beautiful resort - Kvariati.

What's near

The infrastructure in Gonio is not diverse. There are several cafes, there is a supermarket "Nikora", a pharmacy, gas stations.

Transport

Two bus routes No. 16 and 17 pass through Gonio. With their help, you can get to neighboring Sarpi and Kvariati, and get to most areas of Batumi. The distance from here to Batumi International Airport is about 7 km, to the Batumi Passenger railway station is about 15 km.

Project Feature

LCD Green Palace in Gonio has 8 floors, built on a monolithic-brick technology. The building is designed to be safe and energy efficient, and its architecture looks modern, albeit a bit restrained.

The house has a two-level parking, which will largely solve the problem of placing cars. On the territory next to the new building will be carried out work on improvement and additional landscaping.

Apartments

The new building offers apartments with an area of 33 m2 or more. Among them there are both studios and options with a large kitchen-living room and a separate bedroom. All layouts have a balcony. The premises can be finished in black or white frame, as well as a full repair.

The cost per square meter of real estate differs depending on the floor of the apartment and the view that opens from its windows.

Developer

Construction and development company „Green Time“ has appeared on the Georgian market since 2011 and at the initial stage has earned the tru…
Details about Green Time