Horizon Temka in Tbilisi

Name: 📣 300$ — discount certificate
Start: 2020-01-09T07:15:17.535430+00:00
End: 2023-12-31T23:59:59+0000
Location: Horizon Temka

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Construction

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Project info

Object ID: 3442

Finished at	March 2020
Price, m²	From 500$
Buy online	Details
Installment plan	Minimum down payment 30%
Bank mortgage
Property type	Aparment building
Floors	14
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Security	Intercom CCTV
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Akhmetelis Teatri 15 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

15,000$

Net profit

5,906$

Payback period

1.9 years

Avg property value increase per year

Open ROI calculator

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About the project

Residential complex Horizon Temka is a new project of the developer New Horizon. The new building promises to become one of the most stylish buildings in the city with a laconic facade decoration and the presence of an exploited roof.

Location

The new complex will appear on Temka Street near the Sarajishvili metro station in northern Tbilisi. It is a quiet quarter, located away from the noisy streets, from where you can quickly reach the center and most other areas.

What's around

Apartment buyers will not have difficulties with access to commercial, social, educational and medical institutions. Nearby is school number 138, a little further number 154, 143, 148, 48. You can continue education near the house at the University of Eastern Europe, European University.

Nearby there is a sufficient selection of small shopping establishments, but at a distance of just over 1 km several large shopping centers are working at once. Among them are “Mega Center Gldani”, “Las Vegas”, “Mariam”, “Champion 2004” and others.

Nearest medical facilities - Open Heart Clinic, Cardiology Center, Clinic №23.

At a distance of less than 2 km is the vast territory of the Tbilisi reservoir.

Transport

Horizon Temka Residential Complex in Tbilisi is about a few minutes walk from the Sarajishvili metro station. Public transport stops are even closer. It runs routes number 62, 75, 94. By your own car you can quickly get to the street. 114 Anapa Division, Tengiz Sheshelidze, Guramishvili Avenue, Gldani Bridge.

Project Features

The new Horizon Temka residential complex is a modern monolithic frame building with a height of 14 floors. For the decoration of facades, the developer chose a stylish combination of white and gray colors, which looks advantageous against the background of the surrounding buildings. The building has an L-shape, and two of its walls are made in a semicircle. The roof is planned to be exploited. Several spacious terraces will appear here.

The apartments offered for sale differ in layouts and sizes and are implemented in a white frame state. Due to the peculiarities of the shape of the building, some living quarters have non-standard geometric proportions, which will create truly stylish and bright interiors.