m2 at Nutsubudze 2 in Tbilisi

Name: Sales in m2 at Nutsubudze 2 started!
Start: 2022-05-05T06:58:52.271142+00:00
End: 2023-12-31T23:59:59+0000
Location: m2 at Nutsubudze 2

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Project info

Object ID: 20239

Finished at	September 2024
Price, m²	From 1174$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 34.20 m²
Floors	25
Apartments	694
Condition	Turnkey
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Vazha-Pshavela 4 min Delisi 13 min State University 18 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
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		193		8078$
Average		52%		37$

Total invested

39,916$

Net profit

5,883$

Payback period

4.9 years

Avg property value increase per year

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About the project

The new residential complex “m² at Nutsubudze 2” is under construction in Tbilisi, Saburtalo district, Nutsubidze Street.

The complex is located on a land plot of 12 523 m² and is comprised of 3 buildings. It stands out with its convenient location – two minutes from the subway Vazha-Pshavela.

Apartment space starts from 34 m² and is adapted to different needs: new families, rent, for students or big families.

The project uses high-quality, eco-friendly building and renovation materials that are inspected at the laboratory.

Developer

"m²" is a wholly-owned subsidiary of investment company "Georgia Capital". Driven by a team of highly qualified professionals, m² Developmen…
Details about M2 Development