Gagarini Eco House in Tbilisi

Name: Sales in Gagarini Eco House started!
Start: 2020-01-09T12:50:36.412465+00:00
End: 2023-12-31T23:59:59+0000
Location: Gagarini Eco House

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Project info

Object ID: 3474

Finished at	June 2020
Price, m²	From 1100$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	10
Apartments	24
Condition	Without finishing
Ceiling height	2.90 m.
Construction type	Monolyth
Elevators	1
Security	Intercom CCTV
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Medical University 7 min Technical University 15 min Didube 18 min Gotsiridze 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

47,300$

Net profit

6,783$

Payback period

5.2 years

Avg property value increase per year

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About the project

The residential complex Gagarini Eco House is a comfort property, ready to offer excellent living conditions.

Location

The building plot is located at the junction of the Vake and Saburtalo districts in Tbilisi, a couple of minutes walk from Zurab Zhvania Square on Gagarin Street, 6. The place is good both in terms of transport accessibility and environmental sustainability. Near the Kura embankment, social and leisure facilities.

Infrastructure

In the immediate vicinity of the new building there are supermarkets “Populi” and “Ioli”, casino Lasvegas-bet, a pharmacy, an Orthodox church. A little further, the Curves Fitness Club fitness center, a large selection of bank branches and cafes, and a treatment and diagnostic center.

Transport

Just a 10-minute walk from the new building is the metro station "Medical University". Even closer are the stops of ground public transport through which routes No. 6, 14, 24, 29, 54 pass. Nearby are Beijing Avenue, Heydar Aliyev Embankment, and Vakhushti Bagrationi Bridge. You can get to the city center on average by 10 minutes by car or 15-20 by public transport.

Project Features

Gagarini Eco House in Tbilisi is a 10-story building, designed in a modern architectural style with bright facades and a combination of several materials in the decoration. The decoration of the house will be spacious balconies and located in the upper part of the terrace. On the balconies and terraces there are boxes for growing greenery. When selling apartments, they will be decorated with artificial plants, and then new settlers will be able to plant here what they like best.

Safe and fast KONE brand elevator will deliver tenants to the desired floor. The building provides underground parking, as well as parking spaces in the yard. The first two floors of the house are reserved for commercial and office premises. The territory is equipped with video surveillance and access control systems.

Apartments

There are only 24 apartments in the house, among which there are housing options of various sizes and layouts. The smallest have an area of 33 square meters. The largest apartment is a duplex, located on the top floor, occupies 204 m2. Almost half of its area is allotted from the terrace.

The ceiling height in the rooms is 2.9 meters. Finishing can be performed in three different versions - a white frame, a green frame and a complete repair according to an individual design project.