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Gumbati On Tamarashvili in Tbilisi

Name: Sales in Gumbati On Tamarashvili started!
Start: 2020-01-10T10:13:17.723537+00:00
End: 2023-12-31T23:59:59+0000
Location: Gumbati On Tamarashvili

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Project info

Object ID: 3509

Finished at	December 2021
Price, m²	From 1250$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 64.00 m²
Floors	25
Building phase	Foundation
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Delisi 3 min Vazha-Pshavela 17 min Medical University 18 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

80,000$

Net profit

7,813$

Payback period

7.9 years

Avg property value increase per year

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About the project

The residential complex "Gumbati on Tamarashvili" in Tbilisi is located on 13 Mikhail Tamarashvili Street in the Saburtalo district near the racetrack. Nearby there is a bus stop, to the metro station "Delisi" is a five-minute walk away.

New building environment

Near the complex, there is a gas station, a grocery store and a beauty salon. Nearby there is a pharmacy, a hypermarket, a university, a hospital, a car repair shop, and a gym. Within walking distance, there are two swimming pools and a football stadium. There are several small parks nearby.

Architecture and appearance

The residential complex "Gumbati on Tamarashvili" is being built according to an individual project. The multi-storey building is decorated in the style of neo-constructivism, its appearance impresses with its original solutions.

A feature of the new building is a cascading operated roof with open terraces on which lawns are broken, ornamental plants are planted and recreation areas are equipped. Unusual unglazed corner loggias also look interesting. Energy-saving technologies provide affordable utilities.

House territory

The developer of the residential complex “Gumbati on Tamarashvili” has equipped a parking lot, a children's playground, walking paths and driveways for special vehicles. Designed leisure areas with comfortable benches and streetlights. The building has a private pool.

Developer

The construction development company "Gumbati Group" is a stable company, a leader in the construction sector in Georgia.Our history began i…
Details about GUMBATI GROUP