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m2 Racetrack in Tbilisi

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Project info

Object ID: 67

Finished at	December 2018
Price, m²	From 1020$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	16
Building phase	Carcase finished
Condition	Turnkey
Construction type	Monolyth
Security	Intercom CCTV Security
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near kindergarten Nearby subway stations Delisi 5 min Medical University 13 min Vazha-Pshavela 21 min
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Personal discount certificate 300$
Free consultation	Ask a question

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

30,600$

Net profit

5,906$

Payback period

3.8 years

Avg property value increase per year

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About the project

The m2 Racetrack 2 residential complex is being built on 10 Kartozia street in Tbilisi, not far from the racetrack.

A unique feature of the new complex "m2" is its convenient location in the central part of the capital, where there are necessary facilities for social and shopping and entertainment purposes.

Apartments in the residential complex "m2 Racetrack 2" are sold with:

armored entrance door;

individual heating system;

necessary plumbing fixtures;

connected telephone line, Internet and cable TV;

Italian kitchen, where there is a hood and a built-in gas stove.

The new building provides:

security service;

fire protection system;

two-storey kindergarten;

sports ground;

recreation area;

four-level parking lot;

It is planned to place commercial premises in the complex, which will create additional comfort for residents.

Apartments are rented with high-quality repairs, laminate floors are laid. The area of residential premises starts from 36 sq. m. In total, 801 apartments are planned in the residential complex.

Investors who are interested in housing in the new complex can get an interest-free installment from the developer or a mortgage on favorable terms.

All necessary information about the new building, including apartment layouts and photos of construction stages, can be found on the developer's website.

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