King Parnavaz 35 in Tbilisi

Name: Sales in King Parnavaz 35 started!
Start: 2020-01-09T13:21:31.880580+00:00
End: 2023-12-31T23:59:59+0000
Location: King Parnavaz 35

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Project info

Object ID: 3479

Finished at	March 2020
Price, m²	From 535$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.00 m²
Floors	15
Building phase	Facade finished
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
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		193		8078$
Average		52%		37$

Total invested

20,330$

Net profit

5,883$

Payback period

2.5 years

Avg property value increase per year

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About the project

The residential complex on Tsar Parnavaz Avenue 35 is a new project of the construction company Restart Digomi.

Location

The building plot is located in the Didi Digomi district, which belongs to the category of environmentally sound, well-maintained and optimally located relative to the central part of the capital.

Infrastructure

In this part of Tbilisi, an extensive list of infrastructure facilities of various orientations is presented. The great advantage of the location is the proximity of the Goodwill hypermarket, which is a great place to make bargains. The shopping infrastructure nearby is also a Nikora supermarket, a Techno Boom home appliance store. From educational institutions nearby are several schools, the International Black Sea University, Grigol Robakidze University. Also nearby is an Orthodox church, several pharmacies, a children's clinic, cafes and restaurants.

Transport

The new building is located just 400 meters from Agmashenebeli Alley, the largest transport highway in Tbilisi, providing communication with other areas of the city. The nearest public transport stops on Tsar Parnavaz Avenue. Bus lines No. 14, 15, 21, 26, 54 run here. The nearest metro station is Sarajishvili, about 3 km away.

Project Features

Residential complex on Tsar Parnavaz, 35 in Tbilisi is a complex building, consisting of several sections and having a height of 12-15 floors. For the decoration of facades, brick, natural travertine and Alucobond composite panels are used. Granite is used to finish the entrance group and stairs.

A spacious recreation area with an area of about 3,000 square meters is organized near the house. On the territory of the 24-hour security, video surveillance. For residents' cars, a two-level underground parking is provided. The fire-prevention system of the new building complies with international standards.

Apartments

The apartment building flatography is represented by several types of 1-2-3-room apartments with an area of 38 square meters or more. Small apartments have European planning, in which the kitchen and living room are combined into a single space and there is a separate bedroom. In the remaining housing options, the kitchens are isolated. Apartments are offered to buyers in a black and white frame. Options differ in cost slightly.