Gabi House in Tbilisi

Name: Sales in Gabi House started!
Start: 2021-05-28T08:57:39.287540+00:00
End: 2023-12-31T23:59:59+0000
Location: Gabi House

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Project info

Object ID: 12365

Finished at	June 2019
Price, m²	From 1300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 76.90 m²
Floors	7
Apartments	32
Building phase	Completed
Condition	Without finishing
Ceiling height	3.10 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Spa Fitness Pool Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Medical University 8 min Delisi 10 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

98,800$

Net profit

8,283$

Payback period

9.3 years

Avg property value increase per year

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About the project

Where is the complex located?

The elite residential complex with only 30 apartments is located on the Sairme hill in the Saburtalo region, on Sairme Gori Street No. 88 in Tbilisi.

The location has many advantages, including convenient transport accessibility, high environmental quality, and convenient infrastructure.

What's around?

In the immediate vicinity of the new building, there are a large number of diverse institutions, such as the Aspria Fitness gym, the Debet Georgia shopping center, the Republican hospital, school number 52, the Ioli supermarket, the Magic City entertainment center, and Tbilisi State Medical University. Within walking distance is Godziashvili park.

What transportation is available?

The complex is located at a distance of about 700 meters from metro station "Medical University". Public transport stops are even closer. Bus routes No. 47, 49, 54, 85, 92, 150 serve this part of the capital. By car, you can quickly go to Beijing Avenue and other important highways.

What are the technical features of the complex?

Gabi House in Tbilisi is a 7-story building with two separate entrances and two-level underground parking for 30 cars. During the construction of the house, modern gas blocks were used, which provide excellent sound insulation, as well as energy efficiency. The latter reduces utility spending by at least 40%. Natural granite and travertine are used as the material for the exterior decoration of the building.

The ground floor of Gabi House has a commercial area that will host a fitness center, a spa, and other facilities. The landscaped courtyard has a playground for children and lots of greenery.