Tbilisi Hills Apartments in Tbilisi

Name: Tbilisi Hills Apartments
Brand: Tbilisi Hills Development
SKU: 851
Availability: InStock

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Project info

Object ID: 851

Finished at	December 2020
Price, m²	From 1200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	4
Apartments	54
Condition	Black walls
Construction type	Monolyth
Security	Intercom Security
Conveniences	Parking Nearby subway stations Varketili 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

72,000$

Net profit

7,229$

Payback period

7.6 years

Avg property value increase per year

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About the project

Tbilisi Hills is a unique project offering life in harmony with nature. The prestige of the location, the use of a number of innovations in combination with stylish architecture allows us to say that it has no analogs in the real estate market of Georgia.

On the territory of the complex, it is planned to build two apartment buildings with a height of 3 and 4 floors. Each house has 3 entrances, there are 54 apartments in total. The design project of the buildings was developed by Põldme Architecture. The combination of materials of different colors and textures, glass railings of balconies and terraces, extensive elements of panoramic glazing-all this looks incredibly stylish. Despite the low height of the buildings, they are equipped with elevators with access to the underground floor, where storage rooms are located.

In addition to the apartments, on-site Tbilisi Hills you can buy a cottage housing in the format of the townhouse, and land plot for construction. Each of the real estate options offered here is an example of an impeccable modern style combined with innovation. Companies such as IM Architecture, palm, Wunderwerk, Kadarik Tüür Architects, Alliance Architects worked on building projects.

When designing the houses, the local landscape was taken into account, which allowed the buildings to fit harmoniously into the natural terrain.