House on Ninua 13 in Tbilisi

Name: Sales in House on Ninua 13 started!
Start: 2021-05-24T07:21:28.163984+00:00
End: 2023-12-31T23:59:59+0000
Location: House on Ninua 13

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Project info

Object ID: 12286

Finished at	December 2019
Price, m²	From 650$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.00 m²
Floors	16
Apartments	120
Building phase	Completed
Condition	Without finishing
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 Gotsiridze 3 min Didube 9 min Tsereteli 12 min Nadzaladevi 14 min Ghrmaghele 17 min Station Square2 19 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

29,900$

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 new residential complex is located on 3 Vakhtang Ninua Street in Tbilisi. This is a quiet and peaceful area which is located in a way that beautiful panoramas of the surroundings open from the windows of the apartments.

What's around?

The area offers a wide range of amenities and facilities. The nearby Kikvidze Park is a great place to hang out or go for a family stroll. For groceries, you can go to the supermarkets “Populi” and “Nugeshi”, or the “Heidelberg Georgia” Shopping Center. The nearest secondary school is №12. Also nearby are a Bank of Georgia branch, the Absolut Gym gym, outpatient clinic No. 1, a water park, several pharmacies, and numerous cafes.

What are the transport options?

Within a 5-minute walk is the “Gotsiridze” metro station and it is about 800 meters to the “Didube” metro station, where you can also find the bus and railway station of the same name. Nearby public transport runs along Tsotne Dadiani Street and is represented by bus routes No. 17, 23, 62, 70, 95.

What are the project features?

The complex on the Vakhtanga Ninua 3 in Tbilisi is a modern mid-rise building with 16 floors and 120 apartments. The building also houses commercial premises on the lower two floors. During construction, only high-quality materials are used such as a500 reinforcement, 30 series concrete, and pumice blocks with improved characteristics of sound insulation and energy efficiency. The building is solid and able to withstand seismic loads of up to 9 points on the Richter scale.

Near the building, there is a well-equipped area for recreation, games, and playgrounds.

Developer

Our company is distinguished by financial independence, as we have a strong and long-term partnership with Swiss investors, which directly a…
Details about Inno Development