West House in Tbilisi

Name: Sales in West House started!
Start: 2020-01-09T10:54:35.681677+00:00
End: 2023-12-31T23:59:59+0000
Location: West House

Sales from the developer completed

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Project info

Object ID: 3459

Finished at	March 2020
Price, m²	From 430$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 29.00 m²
Floors	14
Apartments	140
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	4
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket
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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

12,470$

Net profit

5,906$

Payback period

1.5 years

Avg property value increase per year

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About the project

The residential complex West House is a new building of three blocks, one of which has already been commissioned, the second is almost completed, and the third is under active construction.

Location

The building plot is located in Tbilisi on the Kindzmarauli Street, building 15. This part of the city is located away from the center. There is a railway nearby and the Tbilisi Sortirovochnaya railway station is operating. Approximately 1 km separates the new building from the Kura embankment.

What's near

The infrastructure here is typical for most of the sleeping areas of the city. Nearby are kindergarten No. 20, a boarding school, schools No. 82, 8, 106, 124, several grocery stores. Within walking distance, there is a clinic and hospital number 5. Also nearby are Moscow Alley Park, Malaya Varvara Church, Post Office.

Transport

On Kindzmarauli street and the motorways adjacent to it, several land public transport routes, represented by buses No. 2, 72, run. The distance to the nearest Samgori metro station is just over 4 km. Tbilisi airport is about 5 km in a straight line or almost 10 km on the road. Nearby such highways as Moskovsky Prospect, Bogdan Khmelnitsky Street, Gardabanskoye Highway.

Project Features

West House in Tbilisi has a reliable monolithic frame filled with bricks, and is also designed to have the necessary characteristics of earthquake resistance. The first floors of the blocks are decorated with travertine. The decoration of the facades above the third floor is made using decorative plaster and staining.

The house has 4 passenger and 4 freight elevators with reliable Italian engines. A fire system, round-the-clock video surveillance and security, closed from outsiders, are also provided.

When landscaping the area around, the developer took care of tenants with different needs. As a result, after completion of construction work, children's play areas, a football and basketball court, walking sidewalks and places for outdoor recreation should appear here.

Apartments

The area of the property for sale starts from 26 sq.m. Apartments are sold in a white or green frame state, which allows buyers to choose the best option for decoration. The layouts are very different with spacious loggias, separate kitchens or kitchen-living rooms, several bathrooms.