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Riga Plaza in Tbilisi

Name: Sales in Riga Plaza started!
Start: 2021-05-21T11:28:10.770827+00:00
End: 2023-12-31T23:59:59+0000
Location: Riga Plaza

Sales from the developer completed

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Project info

Object ID: 12278

Finished at	December 2017
Price, m²	From 1700$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 63.85 m²
Floors	11
Apartments	25
Building phase	Completed
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	1
Security	CCTV Security Reception
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Medical University 14 min Technical University 17 min
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

107,100$

Net profit

7,813$

Payback period

10.6 years

Avg property value increase per year

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About the project

Where is Riga Plaza located?

Riga Plaza is located in the Vake district near Chavchavadze Avenue in Tbilisi. The construction of the apartments was completed in 2017.

The city center is no more than four kilometers. A large number of urban transport routes provide quick access to almost any area of the city.

What's around?

The complex is surrounded by a huge number of restaurants, cafes, and bars. A stone's throw away is the cinema and two medical centers. There are several supermarkets and grocery stores in the neighborhood. 400 meters away is a hospital and nearby are a large number of pharmacies and beauty salons.

What are the technical features of the complex?

Residential complex Riga Plaza, built by the “CH Group”, is a modern mid-rise building with 11 floors and original design. During the construction of the new building, advanced technologies and environmentally friendly materials were used. The house has a monolithic reinforced concrete frame and the facade is insulated. The only entrance of the building is equipped with a noiseless elevator with increased carrying capacity.

What is on the territory?

The complex has a very small private plot and is completely covered with paving slabs and asphalt. Flower beds are planted along the building and guest parking is available. For residents of Riga Plaza there is a two-level underground parking.

Developer

Founders of CH Group are experts in construction field, who created group with professionals. Nowadays, CH Group is one of the construction…
Details about CH Group