Arcon on the University Street in Tbilisi

Name: Sales in Arcon on the University Street started!
Start: 2022-04-29T08:05:43.260427+00:00
End: 2023-12-31T23:59:59+0000
Location: Arcon on the University Street

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Project info

Object ID: 20191

Finished at	September 2023
Price, m²	From 1350$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 66.70 m²
Floors	9
Apartments	25
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Delisi 8 min Vazha-Pshavela 12 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

89,100$

Net profit

7,813$

Payback period

8.8 years

Avg property value increase per year

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About the project

"Arcon on the University Street" is a modern 9-storey residential complex with the distinctive architecture and the best planning.

The project includes commercial, office and residential spaces. It is located in the center of the city, in Saburtalo region, in an infrastructurally developed district, where all the facilities necessary for a healthy and comfortable life are within a 5-minute walk.

The project is built with the best building materials to ensure both energy efficiency and its visual sustainability over the years.

Developer

Construction company "Arcon" was established in 2010. Its field of activity is the construction of monolithic ferroconcrete carcasses. Since…
Details about Arcon