House on Andronikashvili 1 in Tbilisi

Name: Sales in House on Andronikashvili 1 started!
Start: 2022-05-10T06:43:03.126476+00:00
End: 2023-12-31T23:59:59+0000
Location: House on Andronikashvili 1

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Project info

Object ID: 20281

Finished at	September 2023
Price, m²	From 700$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 59.40 m²
Floors	12
Apartments	26
Condition	Turnkey
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near hospital
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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

41,300$

Net profit

7,229$

Payback period

4.3 years

Avg property value increase per year

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About the project

The new residential complex is located in Digomi, on the opposite side of the city court.

The four floors of the residential house will be dedicated to commercial spaces, from the ground level - parking will be located on the 1st floor. A total of 70 apartments will be located in the building.

GBG - offers high quality service and original vision to establish your new lifestyle.

GBG- lets you choose the best among the best.