House near Kikvidze gardens in Tbilisi

Name: Sales in House near Kikvidze gardens started!
Start: 2020-01-09T12:39:39.819813+00:00
End: 2023-12-31T23:59:59+0000
Location: House near Kikvidze gardens

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Project info

Object ID: 3472

Finished at	June 2020
Price, m²	From 588$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 78.00 m²
Floors	12
Building phase	Facade finished
Condition	Without finishing
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Gotsiridze 5 min Didube 7 min Ghrmaghele 13 min Tsereteli 17 min Nadzaladevi 18 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

45,864$

Net profit

8,283$

Payback period

4.3 years

Avg property value increase per year

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About the project

The residential complex House near Kikvidze gardens is a rather large-scale project, during the implementation of which six new houses with an excellent location and modern operational characteristics will appear in the capital of Georgia.

Location

The new building will appear in Tbilisi on Eristavi Street almost in the territory of Kikvidze Park. The place is very successful, combining the proximity of the metro, infrastructure and a spacious park area.

What's near

In the immediate vicinity of the construction site, you can find many commercial and social institutions necessary in everyday life. Near the shopping center MODERN HOUSE, Ltd Nur Tile, Heidelberg Georgia, Saba, Marshe grocery store, several furniture stores. Also nearby is an Orthodox church, a post office, several pharmacies and banks, a comprehensive school.

Transport

The new building boasts not only the proximity of the metro - the Didube station is 600 meters away, but also the bus station of the same name, and the railway station - less than 1 km away. Also, practically at the border of the territory of the new building, there are several stops of ground public transport. There are routes number 11, 17, 23, 33, 62, 70, 86, 94. Near the avenues of Guramishvili, Akaki Tsereteli, Left Embankment.

Project Features

House near Kikvidze gardens in Tbilisi is 6 buildings with 12 floors each. During construction, the developer focused on the quality of materials, their environmental friendliness and durability. The architecture is classic modern. In the exteriors of the houses there is nothing superfluous, but every available detail is thought out to the smallest detail. Facade decoration is carried out using natural travertine, as well as through painting. Reliable monolithic frame is able to withstand seismic loads of at least 8 points on the Richter scale.

Developer

Construction company Alpha Residence was founded in 2017. However, history begins in 2004. We, the founders of the company, have accumulated…
Details about Alpha Residence