Vazi Tower in Tbilisi

Name: Sales in Vazi Tower started!
Start: 2021-06-01T08:22:03.773288+00:00
End: 2023-12-31T23:59:59+0000
Location: Vazi Tower

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Project info

Object ID: 12401

Finished at	May 2019
Price, m²	From 850$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 42.10 m²
Floors	17
Building phase	Completed
Condition	Turnkey
Ceiling height	2.80 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Samgori 7 min Varketili 16 min Isani 18 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

35,700$

Net profit

6,783$

Payback period

4.0 years

Avg property value increase per year

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About the project

Vazi Tower in Tbilisi - a comfortable modern building from the company "Development Georgia".

Where is the complex located?

Vazi Tower is located near the old cableway in the Vazisubani micro-district on Kvachantiradze No 22 in Tbilisi. The city center is no more than ten kilometers from here. The beautiful environment provides a quiet and peaceful area without busy motorways and industrial zones.

How to get around?

There is a bus stop nearby at only 100 meters. The “Varketili” metro station is 2.5 kilometers away.

What's around?

Shopping in the area can be done at Fresco, food stores Bakkallar and Farsage, the Samgori grocery market, and the Grand Continental and Isani shopping malls. For families with children, there are the Little Genius child development center and the Mary Poppins kindergarten. Nearby there is a clinic for minimally invasive neurosurgery, the Avers Clinic, and Arameans Hospital. Nearby is the entertainment center Nemo 2007 and restaurant 2 Tona.

What are the architectural features?

Residential complex Vazi Tower is a modern high-rise tower with 17 floors and two entrances. Each entrance is completed with one passenger-and-freight elevator. The top floor is designed in the form of an attic.

The building is constructed from reliable environmentally friendly materials. High seismic resistance is provided by a monolithic reinforced frame. The necessary energy efficiency is achieved by insulating the facade and the energy-efficient glazing of the windows.