Axis Palace in Tbilisi in Tbilisi

Name: Axis Palace in Tbilisi
Brand: Axis
SKU: 569
Availability: InStock

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Project info

Object ID: 569

Finished at	August 2020
Price, m²	From 1100$
Buy online	Details
Installment plan	15% discount in case of single payment, internal interest-free installment till the end of construction
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	—
Apartments	147
Building phase	30% finished
Condition	Turnkey
Ceiling height	3.70 m.
Construction type	Monolyth
Security	Intercom CCTV
Conveniences	Parking Underground parking Pool Commercial area Kids playground Nearby subway stations Medical University 6 min Technical University 12 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

44,000$

Net profit

5,883$

Payback period

5.4 years

Avg property value increase per year

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About the project

About the residential complex

The residential complex "Axis Palace in Tbilisi" are new building with individual layouts and panoramic views of Tbilisi.

Location

The new buildings are located on 51 Sairme Street, in Saburtalo district.

The architecture and appearance

"Axis Palace in Tbilisi" are two residential buildings with a height of 21-22 floors. For the construction of houses, the developer used solid-frame technology, the walls are made of brick and insulated with mineral wool.

The residential facility is large-scale, but it looks airy due to the high stained glass windows and glass facade. Windows on the entire height of the wall give the apartment owners panoramic views of the city.

About the property developer

Axis company, which built a residential complex on Sairme street, was founded in 1998. The developer was the first in Georgia to implement a terraced residential building, a series of "Palace" with a unique service, and the project of the first twin skyscrapers.

Developer

The company was founded in 1998. It was the period when the first terrace residential house was built in Georgia. Since that time “Axis” has…
Details about Axis