House on Tereverko 18 in Tbilisi

Name: Sales in House on Tereverko 18 started!
Start: 2021-05-24T08:55:19.712232+00:00
End: 2023-12-31T23:59:59+0000
Location: House on Tereverko 18

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Project info

Object ID: 12294

Finished at	June 2020
Price, m²	From 750$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 48.50 m²
Floors	7
Building phase	Completed
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Underground parking Nearby subway stations Ghrmaghele 20 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

36,000$

Net profit

6,783$

Payback period

4.0 years

Avg property value increase per year

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About the project

House on Tereverko 18 is a new building with modern architecture, being built using the highest quality standards.

Where is the complex located?

The residential complex is located in the Digomi district, on Giorgi Tereverko, No 18 in Tbilisi. The area is one of the greenest and most environmentally friendly in Tbilisi. “Digomi Park” is just 500 meters away, and it is about 800 meters to the Kura embankment.

What's around?

The infrastructure here is well developed. Nearby you can find everything that is needed in everyday life. You can go shopping in the shopping center "Ideal" and the supermarkets ‘Economix” and “Nikora XL”.

Several medical institutions are located nearby, such as the Central Children's Hospital and the Tbilisi Central Hospital, including the units operating on their territory. Also nearby is the Dinamo Academy sports complex, the courthouse, the Astra Park entertainment center, and the Sparta Fitness gym.

What are the transport options?

The nearest public transport stops are on Ljubljanskaya Street, where bus lines No. 3, 20, 21, 24, 26, 51 depart. The nearest metro station, “Sarajishvishi”, is on the opposite bank of the Kura River at a distance of about 4 km. By car you can quickly go to Agmashenebeli Alley and Beliashvili street, allowing you to get to almost any area in the city.

What are the project features?

The residential complex on Giorgi Tereverko 18 in Tbilisi has 5-7 floors, as well as underground parking. The first floor is planned for the placement of commercial infrastructure such as shops and offices.

The complex belongs to the premium category with stylish architecture and the variable height of the building. The facade, using materials in contrasting colors in combination with glass, looks extremely impressive. The large balconies with glass railings and floor to ceiling windows with dark frames, add to the modernity of the building.