Vake Hills in Tbilisi

Name: Sales in Vake Hills started!
Start: 2019-10-03T13:17:09.104063+00:00
End: 2023-12-31T23:59:59+0000
Location: Vake Hills

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Construction

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Property for sale in Vake Hills — look at the real estate search engine GEOLN.COM. Photo 1

Property for sale in Vake Hills — look at the real estate search engine GEOLN.COM. Photo 2

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Project info

Object ID: 581

Finished at	November 2020
Price, m²	From 1050$
Buy online	Details
Installment plan	30% down payment
Bank mortgage
Property type	Aparment building
Square	from 50.00 m²
Floors	12
Apartments	140
Building phase	Carcase finished
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	2
Security	Intercom CCTV
Conveniences	Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Vazha-Pshavela 17 min Delisi 17 min
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Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 2 object(s)

Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

52,500$

Net profit

6,783$

Payback period

5.8 years

Avg property value increase per year

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About the project

Location is everything. Vake Hills is perfectly surrounded by forest on Chavchavadze Avenue 82. For people who are seeking a balanced life of ecology and city, we have selected the right place.

Enjoy breathtaking views over the trees looking out to the city and surrounding hills. Take advantage of the peace and quiet nature just a 5-minute walk will take you to Turtle Lake, Vake Park and other recreational areas.

A school, the University, ATM, cafés, restaurants and supermarkets are in the immediate area. While a short drive will take you into the heart of the city. The project really is where ecology meets necessity.

Developer

Hills Development is the company behind Vake Hills, a high class residential construction project located in the Vake district, of Tbilisi –…
Details about Hills Development