Archi Nucubidze in Tbilisi

Name: Sales in Archi Nucubidze started!
Start: 2022-05-09T08:14:25.907014+00:00
End: 2023-12-31T23:59:59+0000
Location: Archi Nucubidze

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Project info

Object ID: 20274

Finished at	March 2022
Price, m²	From 928$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 50.50 m²
Floors	9
Apartments	157
Condition	Turnkey
Ceiling height	3.15 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations State University 11 min Vazha-Pshavela 19 min
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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

46,400$

Net profit

6,783$

Payback period

5.1 years

Avg property value increase per year

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About the project

Archi Nutsubidze is one of the most aesthetically refined projects boasting about its unique style and design. The flats are decorated with beautiful balconies and adjustable window shutters. Archi Nutsubidze is built with energy-efficient blocks and high-quality Heidelberg cement, thus making it an ecologically clean project.

Developer

Archi Group, a leading Georgian development company, was established in 2006. Initially, the company was engaged in investment activities, a…
Details about Archi Group