House in Ortachal in Tbilisi

Name: House in Ortachal
Brand: Dux Development
SKU: 128
Availability: InStock

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Project info

Object ID: 128

Finished at	December 2018
Price, m²	From 753$
Buy online	Details
Installment plan	interest-free installments untill the end of construction
Bank mortgage
Property type	Aparment building
Floors	8
Apartments	25
Building phase	Carcase finished
Condition	Black walls
Ceiling height	3.30 m.
Construction type	Monolyth
Security	Intercom CCTV Reception
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Samasi Aragveli 15 min Isani 18 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

22,590$

Net profit

5,906$

Payback period

2.8 years

Avg property value increase per year

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About the project

The house is located on 75 Gorgasali street. it is one of the most quiet and environmentally friendly districts in Tbilisi. This place provides additional comfort for residents, they live in the city center (4.5 km away from Freedom square) and at the same time enjoy the view of old Tbilisi and clean air. There will be only 25 apartments in the building, which guarantees a cozy and friendly neighborhood.

The project consists of 8 floors, the first 3 floors are intended for commercial or office premises, the 4th, 5th, 6th, 7th, 8th floors are designed as residential apartments, -1 floor is a parking area. The project will have 2 elevators, one for residents, the other for the commercial area.

25 apartments;

14 parking lots;

The commercial area of 1044 m2;

The architectural solution of the project allows us to create bright and cozy apartments. High-quality building materials used in the construction process are a guarantee of reliable investment.

Developer

Dux Development is a subsidiary of the Azerbaijani investment firm ORC Group. Our company is based on the experience of partners who have su…
Details about Dux Development