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Downtown Apartments in Tbilisi

Name: Sales in Downtown Apartments started!
Start: 2021-04-29T07:07:25.268727+00:00
End: 2023-12-31T23:59:59+0000
Location: Downtown Apartments

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Project info

Object ID: 12095

Finished at	December 2021
Price, m²	From 1200$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 32.00 m²
Floors	6
Apartments	20
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Marjanishvili 4 min Station Square2 6 min Rustaveli 11 min Nadzaladevi 12 min Tsereteli 14 min Tavisuplebis Moedani 16 min Technical University 21 min
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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

38,400$

Net profit

5,883$

Payback period

4.8 years

Avg property value increase per year

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About the project

Residential complex "House on Tsinamdzgvrishvili" in Tbilisi is located near the Left embankment of the Kura in the Chugureti region.

Nearby there is a convenient exit to the highway, as well as to the bridge leading to the opposite bank of the river. There is a metro station "Marjanishvili" nearby, there is a ground transport stop nearby.

Surrounding infrastructure

The new building is located in a well-developed neighborhood. Near the complex there are theaters, numerous cafes, restaurants and hotels, as well as schools and kindergartens. Nearby there is a post office, several banks and a sports complex.

Features of the new building

The residential complex "House on Tsinamdzgvrishvili" is an elegant four-storey building being constructed by the "Heshtag Construction" company.

The project provides for the use of modern technologies that guarantee the maximum level of comfort at the minimum cost of heating. The new building is being built with a monolithic frame, the outer walls are insulated and faced with red ceramic bricks.

Own infrastructure

The territory of the residential complex "House on Tsinamdzgvrishvili" is being landscaped and landscaped, parking spaces for cars and recreation areas are being equipped near the new building. Street lights are being installed, pedestrian paths and driveways are being laid.

Realization of apartments

You can buy housing in a new building for cash in a state of finishing white frame. The cost of finishing work in apartments from the developer "Heshtag Construction" includes:

installation and start-up of the heating system;

installation of panoramic windows and balcony doors with energy-saving glazing;

installation of transparent tempered glass balconies.

Developer

Dux Development is a subsidiary of the Azerbaijani investment firm ORC Group. Our company is based on the experience of partners who have su…
Details about Dux Development