TBN Akhmeteli in Tbilisi

Name: TBN Akhmeteli
Brand: TBN Group
SKU: 603
Availability: InStock

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Project info

Object ID: 603

Finished at	August 2020
Price, m²	From 850$
Housing class	No
Buy online	Details
Installment plan	30% minimal down payment, internal installment with a period of 30 months
Bank mortgage
Property type	Aparment building
Square	from 45.50 m²
Floors	15
Apartments	120
Building phase	Foundation
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	2
Security	Intercom CCTV
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Akhmetelis Teatri 12 min
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Personal discount certificate 300$
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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

38,250$

Net profit

6,783$

Payback period

4.2 years

Avg property value increase per year

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About the project

TBN Akhmeteli is TBN Development’s ongoing project located on 124 Sheshelidze street, opposite to Gldani Shopping Mall. This premium quality 15-floor residential building will have two-story commercial estates and double level underground parking garage. The foundation works are currently underway and building is expected to be fully constructed by X month, 2020.

Developer

Tibin Group Ltd was established in 2014. The company's field of activity is the construction of multifunctional residential complexes and pu…
Details about TBN Group