Nutsubidze George Town in Tbilisi

Name: Sales in Nutsubidze George Town started!
Start: 2020-01-09T11:55:46.259675+00:00
End: 2023-12-31T23:59:59+0000
Location: Nutsubidze George Town

Sales from the developer completed

Property for sale here (2)

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Project info

Object ID: 3466

Finished at	June 2020
Price, m²	From 750$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 51.00 m²
Floors	17
Apartments	89
Building phase	Facade finished
Condition	Without finishing
Construction type	Monolyth
Security	Intercom CCTV Security
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations State University 7 min Vazha-Pshavela 8 min
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 2 object(s)

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

38,250$

Net profit

7,229$

Payback period

4.0 years

Avg property value increase per year

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About the project

The residential complex "Nutsubidze George Town" in Tbilisi is located in the Saburtalo area at a distance of nine kilometers.

Near the new building there is a bus stop, nearby there are a sufficient number of public transport routes. Only seven hundred meters are two metro stations - State University and Vazha-Pshavela.

What's around

In the vicinity of the new building there are all the necessary infrastructure. The school is no more than two hundred meters, nearby there is a swimming pool, pharmacies, grocery stores and supermarkets. Nearby are cafes, restaurants and bars, nearby there are bank branches.

Architecture

The residential complex "Nutsubidze George Town" is constructed from materials that meet modern requirements for environmental safety and quality. Applied technologies contribute to the achievement of high energy efficiency and maximum comfort in apartments.

The building of variable number of floors is built of red brick. The new building is equipped with two high-tech elevators, as well as modern utilities.

Developer

Development is a process that takes great planning and high level of accuracy. Turning an empty plot of land into a high-tech facility deman…
Details about Georgetown Development