Almulla in Tbilisi

Name: Sales in Almulla started!
Start: 2021-05-27T08:48:25.641351+00:00
End: 2023-12-31T23:59:59+0000
Location: Almulla

Sales from the developer completed

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Construction

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Project info

Object ID: 12343

Finished at	June 2021
Price, m²	From 800$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 35.00 m²
Floors	11
Apartments	43
Condition	Black walls
Ceiling height	3.20 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Vazha-Pshavela 8 min Delisi 12 min State University 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

28,000$

Net profit

5,883$

Payback period

3.5 years

Avg property value increase per year

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Promos and discounts for Almulla

About the project

Residential complex Almulla is a modern multi-storey building with small apartments of various layouts.

Where is the complex located?

Almulla in Tbilisi is being built in the well-developed Saburtalo area, on 37 Elguja Amashukeli Street. This is one and a half kilometers from Lake Lisi and the surrounding park. The area has all the necessary infrastructure nearby, and well-developed transport links will allow you to quickly get to any part of the capital. There are no large industrial enterprises near the new building.

How to get around?

There is a bus stop at 550 meters from the building where buses no. 88 and no. 99 pass. The Delisi metro station is twenty minutes on foot.

The railway station and the Didube bus station are 6.5 km away, and Shota Rustaveli airport is 45 minutes by car.

What's around?

Nearby, there are cafes and restaurants, a pet store, a supermarket, pharmacies, and bank branches. The Mardaleishvili Medical Center and a private hospital are a kilometer away, and the Republican Hospital and the Children's Clinic are 2.5 km away. The nearby Lisi Park has a beach, a recreation area, and a paintball club.

Families with children will like the presence of educational and preschool institutions near the complex. Within a kilometer, there are secondary schools No. 102, No. 170, No. 126, No. 151, No. 171, and the Institute of Earth Sciences and National Seismic Monitoring Center. Tbilisi State Medical University is a twenty-minute walk away.

What are the project features?

The eleven-storey building is designed taking into account the characteristics of the region and the necessary modern standards. It is being built using advanced technologies from materials that meet the criteria for environmental safety.

The building has a solid monolithic reinforced concrete frame and foundation, which ensure high seismic stability of the structure. The flat roof of the new building is equipped with internal gutters and covered with roll waterproofing. The outer walls are insulated with a durable heat insulator.

The lower levels have panoramic glazing and glazed entrance doors are installed. Interior decoration of the halls and common areas is in progress. The building is equipped with a passenger elevator, utilities, and the necessary technological equipment. This ensures the smooth operation of all systems available in the complex.

Amenities and facilities

Asphalted driveways and footpaths covered with paving slabs have been laid and street lighting devices have been installed. Underground parking is available for residents. The territory is landscaped with ornamental plants, trees, and lawns.