House on Nakashidze Bolkvadze 5 in Tbilisi

Name: Sales in House on Nakashidze Bolkvadze 5 started!
Start: 2021-05-13T08:24:14.448291+00:00
End: 2023-12-31T23:59:59+0000
Location: House on Nakashidze Bolkvadze 5

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Project info

Object ID: 12177

Finished at	September 2020
Price, m²	From 625$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 47.00 m²
Floors	9
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Varketili 1 min Samgori 17 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

29,375$

Net profit

6,783$

Payback period

3.3 years

Avg property value increase per year

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About the project

Where is the complex located?

The residential building is situated in the Varketili area, on Nakashidze-Bolkvadze street No. 5 in Tbilisi, just 200 meters from metro station “Varketili”.The complex is located east of the city center, which is approximately 6 km.

What's around?

The available facilities are typical for areas located away from the central quarters of the city, but everything you need is nearby. Within walking distance are the Foodmart supermarket, a grocery market, the MegaMart electronics store, a Bank of Georgia branch, and schools No. 146, 152.

What are the transport options?

In addition to the metro, there is a bus stop nearby with routes 18, 19, 25, 39, 40, 50 and 101. The Kakheti highway is 700 meters away, which will help you get to the center and the airport, which is 10 km away.

What are the project features?

The complex on Nakashidze-Bolkvadze, 5 in Tbilisi is a monolithic-frame building with 9 floors. The building has underground parking and commercial premises on the ground floor. The developer chose a stylish combination of gray and lilac colors for the decoration of the facades.