Project On Jiqia in Tbilisi

Name: Sales in Project On Jiqia started!
Start: 2020-01-09T10:45:24.960208+00:00
End: 2023-12-31T23:59:59+0000
Location: Project On Jiqia

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Project info

Object ID: 3458

Finished at	December 2019
Price, m²	From 447$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 51.00 m²
Floors	4
Apartments	24
Building phase	Facade finished
Condition	Black walls
Ceiling height	3.20 m.
Construction type	Monolyth
Elevators	1
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations State University 13 min
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

22,797$

Net profit

7,229$

Payback period

2.4 years

Avg property value increase per year

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About the project

Project On Jiqia is a new residential complex, the author of which will be the construction company Pala Group. The building plot is located in one of the best environmental areas of Tbilisi Saburtalo. The building will appear between the streets of Anna Politkovskaya and Alexander Ioseliani on a natural landscape slope, which guarantees a panoramic view of Tskneti and the center of Tbilisi located to the side.

What's near

The infrastructure in this part of the city is not very diverse, but a certain number of institutions still work here. The map shows that nearby Sukhumi State University, the Dzhikia pool, Nikora supermarket, VTB Bank Georgia branch, Consulium Medulla multidisciplinary clinic. About a 15-minute walk is the Oktupus fitness center, the Byurosports sports store, the Fresco Saburtalo supermarket and a wide range of other establishments.

Transport

At a distance of just over 1 km from the new building, the new metro station State University is operating. Nearby public transport runs along Anna Politkovskaya Street and is represented by routes 6 and 140. The nearest bus stop is no more than 200 meters away. By your own car you can quickly get to Universitetskaya, Sandro Euli, Vazha Pshavela Avenue.

Project Features

Project On Jiqia residential complex in Tbilisi has only 4 floors and 24 apartments. Low altitude combined with a solid foundation and a solid monolithic frame guarantee increased seismic resistance of the structure.

Apartments

The new building offers apartments ranging from 51 to 123 m2 with a ceiling height of 3.2 meters. Room decoration - white frame. This means that the walls were plastered, the floor screed, the front door and plastic windows were installed, electricity, water supply, and sewage systems were installed.

Developer

Construction development company PALA GROUP was founded in 2014. The company has implemented a number of successful projects, both in Batumi…
Details about Pala Group