Ocean Vake Plaza in Tbilisi

Name: Ocean Vake Plaza
Brand: OCEAN CAPITAL
SKU: 566
Availability: InStock

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Project info

Object ID: 566

Finished at	September 2020
Price, m²	From 1600$
Buy online	Details
Installment plan	internal installment with a period up to 8 months
Bank mortgage
Property type	Aparment building
Square	from 30.00 m²
Floors	11
Apartments	30
Building phase	30% finished
Condition	Without finishing
Ceiling height	3.20 m.
Construction type	Monolyth
Elevators	2
Security	Intercom CCTV
Conveniences	Underground parking Commercial area Nearby subway stations Medical University 14 min Delisi 18 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

48,000$

Net profit

5,906$

Payback period

5.9 years

Avg property value increase per year

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About the project

About the residential complex

The complex "Ocean Vake Plaza" in Tbilisi is a comfortable house from the developer "Ocean Capital", which is nice to live in.

Where it is located

The new building is located on Paliashvili street near Vake Park in a neighborhood with excellent ecology and excellent infrastructure.

The nearest metro station is Delisi, 2.5 km away. There is a cable car nearby, and a dozen bus routes run along Ilya Chavchavadze street, connecting the neighborhood with the center and other points of the city. The stop from the new complex is only two minutes away, the distance to the center is about three kilometers.

There are many infrastructure facilities in the immediate vicinity. Nearby are shops, cafes, bars, supermarkets, beauty salons and schools, banks, post offices, hotels, pharmacies, kindergartens and medical institutions.

Architecture

The Ocean Vake Plaza residential complex is a modern eleven-storey building that is being constructed according to an individual project using monolithic frame technology.

The new building is equipped with two passenger elevators, in the basement of the building there is a two-level Parking. The house has a high earthquake resistance and good energy efficiency indicators, which will allow residents to pay less for heating, reducing the cost of using utilities in General.

Developer

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