Ocean Sky Residences in Tbilisi

Name: Ocean Sky Residences
Brand: OCEAN CAPITAL
SKU: 565
Availability: InStock

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Project info

Object ID: 565

Finished at	August 2021
Price, m²	From 1400$
Buy online	Details
Installment plan	interest-free installment with a period of 24 months
Bank mortgage
Property type	Aparment building
Square	from 30.00 m²
Floors	19
Building phase	Carcase finished
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	2
Security	—
Conveniences	Parking Underground parking Commercial area Near supermarket Nearby subway stations Rustaveli 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

42,000$

Net profit

5,906$

Payback period

5.2 years

Avg property value increase per year

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About the project

About the residential complex

The Ocean sky Residences residential complex in Tbilisi is a unique project from the developer Ocean Capital.

Location

The new building is located in the Vake district on Ilya Chavchavadze Avenue, 33. this neighborhood has a beautiful environmental situation. The complex is situated between the parks of Mziuri and Vake. The distance to the center of the capital is less than three kilometers.

The nearest metro station is "Technical University". The ground transport stop is located within a three-minute walk – there are nine bus routes running along the Avenue at short intervals.

Near the adult hospital No. 9, Juno medical center, Globalmed clinic, pharmacies, supermarket, many different stores, including grocery stores. There are many restaurants in the area, such as "Tabla Salon", where you can taste Georgian cuisine, Le Marais restaurant, Italian restaurant Pomodorissimo, as well as fast food Wendy's Vake, cafe "Mziuri", etc. Within walking distance of a kindergarten, Liberty Bank and educational institutions, including the British Corner language school.

Features of the new buildings

Ocean sky Residences residential complex is designed in accordance with modern requirements and trends in the real estate market. The developer is building a nineteen-story building with a monolithic reinforced concrete frame, the facade is insulated to achieve high energy efficiency and reduce the cost of housing operation.

The residential complex is equipped with high-speed silent elevators and modern technological equipment.

Own infrastructure

Landscaping of the territory includes equipment of open ground parking for guest transport, children's playground and recreation areas. The two lower floors are occupied by commercial and office space, and there is an underground Parking lot in the basement of the ocean sky Residences residential complex.

Developer

Ocean Capital implements high-quality, premium-class real estate projects, both residential and commercial. The company is currently buildin…
Details about OCEAN CAPITAL