Pillar Varketili in Tbilisi

Name: Sales in Pillar Varketili started!
Start: 2021-05-13T12:24:01.042759+00:00
End: 2023-12-31T23:59:59+0000
Location: Pillar Varketili

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Project info

Object ID: 12186

Finished at	August 2021
Price, m²	From 660$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 48.40 m²
Floors	11
Apartments	60
Condition	Turnkey
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Varketili 2 min Samgori 15 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

31,680$

Net profit

6,783$

Payback period

3.5 years

Avg property value increase per year

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Promos and discounts for Pillar Varketili

About the project

The multifunctional residential complex Pillar Varketili is a comfortable and modern space for both residential and commercial use.

Where is the complex located?

Pillar Varketili is located on the street of Shindis Heroes in Tbilisi. This is the territory of the Varketili district which is home to the metro station of the same name.

What's around?

The surrounding area offers several shops, Procredit Bank and Bank of Georgia bank branches, a Biscoto supermarket, a MegaMart electronics store, and the Evex clinic. For children, there are several kindergartens as well as schools No. 37 and 139.

What forms of transportation are available?

The “Varketili” metro station is located about 150 meters from Pillar Varketili. Nearby are several bus stops with bus routes No. 18, 19, 25, 39, 40, 50, 56, 71, and 101. Within 2 km from here, are the Naftlugi railway station and the Samgori bus station. By car, you can quickly go to Javakheti street and then get on the Kakheti highway.

What are the project features?

Pillar Varketili in Tbilisi has a complex architecture that looks even more interesting due to the use of materials of different colors and textures in the decoration of facades. The building has 9 floors while the residential apartments start from the fourth floor and up.

In addition to residential apartments, there will also be office and commercial areas in the new building. These units can be purchased or rented and have separate entrances.

For residents there is underground parking and guest parking can be found next to the building. The common area will be monitored by CCTV systems.

Developer

Real estate development company "Pillar Group" is compiled with a team of professionals, that is being developed intensively on Tbilisi mark…
Details about Pillar Group