Monolith Varketili in Tbilisi

Name: Sales in Monolith Varketili started!
Start: 2019-12-10T12:58:35.273019+00:00
End: 2023-12-31T23:59:59+0000
Location: Monolith Varketili

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Project info

Object ID: 2267

Finished at	December 2020
Price, m²	From 600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 30.00 m²
Floors	10
Apartments	110
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Varketili 3 min Samgori 17 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

18,000$

Net profit

5,906$

Payback period

2.2 years

Avg property value increase per year

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About the project

Monolit Varketili is a modern, high- quality residential building consisting of 12 floors, including 10 residential and 2 underground parking spaces. In the construction of "Monolit Varketili" only high-quality construction materials are used. It also boasts a better location. The residential building is located in a cozy place where you will not be disturbed by city noise, as the complex is located next to the main highway.

"Monolithic" buildings are built using energy-efficient technologies, which allows you to save up to 40% on utility bills.

Developer

Monolith Group Ltd. was founded in November 2013. The company has established itself in the construction market of Georgia as a reliable and…
Details about Monolith Group Ltd