Terrassa Ortachala in Tbilisi

Name: Sales in Terrassa Ortachala started!
Start: 2019-10-08T13:34:14.762216+00:00
End: 2023-12-31T23:59:59+0000
Location: Terrassa Ortachala

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Project info

Object ID: 605

Finished at	December 2020
Price, m²	From 725$
Buy online	Details
Installment plan	down payment 10%, installment plan 36 months
Bank mortgage
Property type	Aparment building
Square	from 46.30 m²
Floors	31
Apartments	195
Building phase	Foundation
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	Intercom CCTV
Conveniences	Parking Underground parking Commercial area
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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

33,350$

Net profit

6,783$

Payback period

3.7 years

Avg property value increase per year

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About the project

31 storey building has 195 apartments. Parking area is located on - 1 floor. Comercial area is placed on the 1 st floor. Residential Apartments start from the 2 th floor.

"Terrassa Ortachala" is distinguished with refined infrastructure, optimally planned apartments, high quality of construction and repairing materials.

Developer

Terrace Group entered the market with an absolutely innovative outlook, which includes not only quality construction and designing but also …
Details about Terrassa Group