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Khizabarva 1 in Tbilisi

Name: Sales in Khizabarva 1 started!
Start: 2021-06-01T12:16:12.818018+00:00
End: 2023-12-31T23:59:59+0000
Location: Khizabarva 1

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Project info

Object ID: 12409

Finished at	August 2019
Price, m²	From 551$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 91.70 m²
Floors	7
Apartments	36
Building phase	Completed
Condition	Without finishing
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Akhmetelis Teatri 6 min Sarajishvili 13 min Guramishvili 20 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

50,141$

Net profit

9,376$

Payback period

4.3 years

Avg property value increase per year

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Promos and discounts for Khizabarva 1

About the project

The residential complex House on Khizabarva 1 is a small house with 36 apartments being built by Capital Development.

Where is the complex located?

The complex is located on 1 Khizabarva in Tbilisi. This location offers several advantages. On one hand, it is located away from noisy city traffic, and on the other, it is relatively close to the most important highways, metro stations, and other infrastructure.

What's around?

Just a few minutes from the new building is the Drama Theater and the sports complex "Ahmeteli", institutions that automatically increase the prestige of the location. Nearby there are a large number of shopping facilities. Among them are the shopping centers "Mega Center Gldani", "Las Vegas", "Mary", the market "Ahmeteli", household appliance store "Alma", and the construction store "Albatros". Children can visit kindergarten No. 89, school No. 160, 136, 16. Also nearby is St. Mary’s Church, a large selection of cafes, several pharmacies, bank branches, and much more.

What forms of transportation are available?

The distance to the metro station "Theater Akhmeteli" is about 500 meters and to the bus station "Gldani" is about 1 km. These convenient transportation options are nearby, allowing you to quickly get to any part of Tbilisi. Nearby streets include Sheshelidze, Khizanishvili, Shengeliya, and Gobronidze.

What are the project features?

The complex on 1 Khizabarva in Tbilisi has only 7 floors. In combination with laconic architecture in a modern style and a relatively small height, give the building a new dimension of comfort.

Nearby, the developer tried to maintain the existing green spaces. This ensures that the courtyard is fenced and equipped with security systems, making it a cozy and comfortable place to relax.