Orexus Tower in Tbilisi

Name: Sales in Orexus Tower started!
Start: 2021-05-27T12:21:11.026923+00:00
End: 2023-12-31T23:59:59+0000
Location: Orexus Tower

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Project info

Object ID: 12354

Finished at	December 2019
Price, m²	From 1200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 57.80 m²
Floors	25
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	Security
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Technical University 2 min Tsereteli 11 min Rustaveli 15 min Station Square2 19 min Gotsiridze 19 min Nadzaladevi 20 min Medical University 20 min Marjanishvili 20 min
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 2 object(s)

Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

68,400$

Net profit

7,229$

Payback period

7.2 years

Avg property value increase per year

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About the project

Where is the complex located?

The Orexus Tower is located in the Saburtalo area on the 26 May square near the Sports Palace, just 800 meters from the city hall. This is one of the most comfortable neighborhoods of the capital, with everything that you need in everyday life nearby.

What is around?

Within walking distance from the Orexus Tower is a Mcdonald’s restaurant, a casino, the Kuzanova clinic, grocery stores, several cafes, and supermarkets. Nearby is public school number 61, Georgian Technical University and the Polytechnic Institute. There are kindergartens nearby, including the Kindergarten “Pikris Gora”.

From the busy Merab Kostava street to Orexus Tower is about 100 meters. The nearest bus stop is no more than two minutes away. Here, with a short interval, buses run along ten routes connecting the new building with different areas of the city. The metro station “Technical University” is only 100 meters away.

Architecture and Parameters

Residential complex the Orexus Tower is built from modern materials using advanced technologies. The project guarantees high energy efficiency and earthquake resistance. The building has a monolithic foundation and a monolithic reinforced concrete frame. The facade of the new building is insulated, and the apartments are partially provided with floor to ceiling windows.

Each apartment has a spacious balcony, which is different than the traditional style of the capital of Georgia. The building is equipped with modern engineering systems and noiseless elevators.

What are the technical features?

On the territory of the residential complex the Orexus Tower the following amenities and facilities are taken care of:

Children's play area

Playground

Lounge area with benches and flower beds

Guest parking

Underground parking for residents

Modern street lighting

Driveways and sidewalks lead to the main road. The landscaped area is decorated with trees and ornamental plants.