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House in Varketili in Tbilisi

Name: Sales in House in Varketili started!
Start: 2021-05-13T08:45:39.087530+00:00
End: 2023-12-31T23:59:59+0000
Location: House in Varketili

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Project info

Object ID: 12178

Finished at	June 2021
Price, m²	From 550$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.30 m²
Floors	14
Apartments	80
Condition	Turnkey
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	2
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Varketili 8 min
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 1 object(s)

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

25,300$

Net profit

6,783$

Payback period

2.8 years

Avg property value increase per year

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About the project

Where is the complex located?

The complex is situated on the territory of the Varketili district in Tbilisi, near the intersection of the streets Javateti and Sukhishvili. Here, developer G&G Group is building a new residential complex consisting of two buildings. The property fully complies with strict European standards and will be an ideal home for families of different sizes.

What's around?

Although the new building is located away from the center, the infrastructure here is well developed. Nearby are the supermarkets GL and Nikora, schools No. 105, and 179, and kindergarten No. 181. Furthermore, there is a children's entertainment center and a branch of Liberty Bank. About 2.5 km from here is “East Point”, the largest shopping center in Tbilisi. It is about 2 km to the Tbilisi reservoir and less than 3 km to the Arboretum.

What forms of transportation are available?

The nearby bus stop is served by bus routes No.’s. 18, 39, 40, and 101. The “Varketili” metro station is located about 1 km from the complex. By car, you can quickly get to the Kakheti highway passing 2 km away.

What are the technical features?

The residential complex on Varketili 3 in Tbilisi consists of two buildings. These are modern mid-rise buildings with 14 floors. They have a solid monolithic frame and are designed in a modern style. The facades, covered in a stylish combination of white and gray colors, look fresh and dynamic.

The ground floors of the buildings are reserved for commercial and office spaces.

For residents, there is underground parking while the guest parking can be found next to the building. Furthermore, there is a landscaped area with children's playgrounds and benches.