Monolith City in Tbilisi

Name: Monolith City
Brand: Monolith Group Ltd
SKU: 70
Availability: InStock

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Project info

Object ID: 70

Finished at	September 2019
Price, m²	From 600$
Buy online	Details
Installment plan	—
Bank mortrage
Property type	Aparment building
Floors	15
Building phase	30% finished
Condition	Without finishing
Construction type	Monolyth
Security	Intercom CCTV Security Reception
Conveniences	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

18,000$

Net profit

5,906$

Payback period

2.2 years

Avg property value increase per year

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About the project

Monolith City is a modern high-quality residential complex consisting of 5 blocks. Only high-quality building materials are used in construction. In addition, it differs in its location. The residential complex is located in a cozy place in old Tbilisi, where the city noise will not disturb you. It is also worth mentioning that just five minutes is enough to get to the statue of Petre Bagrationi from the Monolith City.

Monolith City blocks are built using energy-efficient technologies that will save up to 40% of utility taxes.

Developer

Monolith Group Ltd. was founded in November 2013. The company has established itself in the construction market of Georgia as a reliable and…
Details about Monolith Group Ltd