House on the Shroshi Street in Tbilisi

Name: Sales in House on the Shroshi Street started!
Start: 2019-10-04T13:52:10.053472+00:00
End: 2023-12-31T23:59:59+0000
Location: House on the Shroshi Street

Renders

Construction

Live Stream

Property for sale in House on the Shroshi Street — look at the real estate search engine GEOLN.COM. Photo 1

Reviews about House on the Shroshi Street

There are no reviews yet. You can be the first who rates it

Project info

Object ID: 588

Finished at	September 2021
Price, m²	1200$ — 1400$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	12
Apartments	40
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	1
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Technical University 10 min Rustaveli 16 min Medical University 21 min
Add to free Travel & Invest tour
Add to autotour
Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 1 object(s)

Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

72,000$

Net profit

7,229$

Payback period

7.6 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for House on the Shroshi Street

About the project

On the 8 Shroshi Street in Tbilisi, New House began the construction of a new multi-apartment residential building, the snow-white facades of which will become a real decoration of this part of the city.

What's near

Only 600 meters separate the new building from Mziuri Park and not more than 700 meters from it to the green territory of the Tbilisi Zoo. Nearby are the Populi supermarket, the Grato Passage shopping center, the Lokalino pizzeria, the Four Seasons cafe, the Spumatro museum, and the Medi medical center. Also nearby are Ilia State University, David Aghmashenebeli University of Georgia, Ivan Javakhishvili Tbilisi State University.

Transport

Just over 100 meters separate the new building from Barnovi Street and only 350 meters from it to Ilya Chavchavadze Avenue. The nearest metro station is Rustaveli at a distance of about 1.5 km. Bus route No. 66 runs along the neighboring streets, while public transport on Chavchavadze Avenue is more diverse and is represented by routes No. 9, 21, 34, 51, 59, 61, 66, 87, 88, 140.

Project Features

The residential complex on Shroshi 8 in Tbilisi has 12 floors and is a terrace-type building. The white facade contrasts favorably with black window frames, and the different design of the balcony fencing adds originality to the house.

On the first level of the house there is a parking space, as well as individual storage rooms.

Apartments

The new building offers a large selection of apartments, differing in various layouts and meters. Available in typical options with an area of about 60 m2 with a large living room-kitchen and a separate bedroom, as well as premises up to 220 m2 with a huge 60-meter terrace.