Compact House On Jikia in Tbilisi

Name: Sales in Compact House On Jikia started!
Start: 2020-01-10T08:14:52.991025+00:00
End: 2023-12-31T23:59:59+0000
Location: Compact House On Jikia

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Project info

Object ID: 3500

Finished at	September 2020
Price, m²	From 650$
Housing class	No
Buy online	Details
Installment plan	unternal interest-free installment with a period of 18 months, 30% minimal down payment
Bank mortgage
Property type	Aparment building
Square	from 35.00 m²
Floors	5
Apartments	20
Building phase	Facade finished
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	1
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations State University 15 min
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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

22,750$

Net profit

5,883$

Payback period

2.8 years

Avg property value increase per year

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About the project

The residential complex Compact House On Jikia fully lives up to its name, because it is a relatively small building, designed for only 20 apartments.

Location

For the implementation of the project, a site was selected in the Saburtalo district on Alexander Ioseliani Street, about 100 meters from Anna Politkovskaya Street. The location is located on the western outskirts of Tbilisi, is characterized by favorable ecology and comfortable transport accessibility. The building density is low, and houses are built in such a way that their residents can fully enjoy the beautiful panoramas of the surroundings.

What's near

In the immediate vicinity of the construction site, Sokhumi State University, the Nikora supermarket, and the Jikiya pool work. BasisBank branch, Innova Medical Center clinic, Oktupus fitness center a little further.

Transport

The nearest public transport stops on Anna Politkovskaya Street, on which bus lines No. 6, 140 run. The State University metro station is about 1 km away.

Project Features

The Compact House On Jikia LCD in Tbilisi is a small 5-storey building, intelligently integrated into the natural landscape. The architecture is restrained and modern, the facades are decorated with bricks of two colors. On the ground floor there is space for commercial premises, from 2 to 5 there are residential premises.

Apartments

On each floor there are 5 apartments, among which there are both modest options with an area of 35 m2, and quite spacious housing, represented by five-room options up to 130 m2. The premises are sold in a state of both black and white frame. Depending on this, the cost per square meter also changes.

Developer

The construction company “Compact Developer” was founded in 2015. The company has implemented several successful projects in Saburtalo, whi…
Details about Compact Development