m2 on Chavchavadze in Tbilisi

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Project info

Object ID: 66

Finished at	October 2018
Price, m²	From 890$
Buy online	Details
Installment plan	—
Bank mortrage
Property type	Aparment building
Floors	10
Apartments	82
Building phase	Carcase finished
Condition	Without finishing
Construction type	Monolyth
Security	Intercom CCTV Security Reception
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

26,700$

Net profit

5,906$

Payback period

3.3 years

Avg property value increase per year

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About the project

Modern residential building "m2" is being built on 50 Chavchavadze Allee in Tbilisi. Behind the new building, there is a small cozy square with coniferous trees, where newcomers can walk and relax with the whole family.

The building is built in accordance with the necessary European standards, the developer "m2" uses all the latest construction technologies, the highest quality and environmentally friendly materials.

Future residents will be surprised by the arrangement of their apartments and the entire house:

aluminum windows and balcony doors with energy-saving glazing are installed;

the walls are insulated;

all communications are connected, including electricity and water;

energy-saving lighting is available;

24-hour security is provided;

underground parking is being arranged on two levels with a lift for cars;

there are commercial premises.

"m2 rent" is a special service for homeowners in a new house, which provides assistance in renting out apartments.

The apartments range in size from 102 sq.m to 202 sq.m.

The official website of the residential project provides more detailed information about the new building and other projects of the developer.

Developer

"m²" is a wholly-owned subsidiary of investment company "Georgia Capital". Driven by a team of highly qualified professionals, m² Developmen…
Details about M2