Archi Kikvidze in Tbilisi

Name: Archi Kikvidze
Brand: Archi Group
SKU: 12195
Availability: InStock

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Project info

Object ID: 12195

Finished at	April 2024
Price, m²	From 1350$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.30 m²
Floors	24
Apartments	346
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 Didube 3 min Gotsiridze 4 min Tsereteli 16 min Ghrmaghele 17 min Nadzaladevi 21 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

62,100$

Net profit

6,783$

Payback period

6.9 years

Avg property value increase per year

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About the project

'Archi At Kikvidze Garden' is Archi’s first construction project in the Nadzaladevi District. The 24-storey residential building includes 346 apartments as well as a commercial space. It is being built with high-quality construction materials. The Heidelberg concrete is a guarantee of the Archi construction durability and hardness. The façade is decorated with HPL panels. As for the internal walls, they are built with energy-efficient Ytong blocks supplied from Germany. Note that Ytong blocks reduce energy consumption by 40%. 'Archi At Kikvidze Garden' is scheduled to have 2-2 standard and emergency elevators.

Developer

Archi Group, a leading Georgian development company, was established in 2006. Initially, the company was engaged in investment activities, a…
Details about Archi Group