Monolith Green City in Tbilisi

Name: Sales in Monolith Green City started!
Start: 2022-05-06T10:48:02.542078+00:00
End: 2023-12-31T23:59:59+0000
Location: Monolith Green City

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Project info

Object ID: 20264

Finished at	September 2023
Price, m²	From 790$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 45.20 m²
Floors	21
Apartments	437
Condition	Without finishing
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Kids playground Near supermarket Nearby subway stations Avlabari 11 min Samasi Aragveli 11 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

35,550$

Net profit

6,783$

Payback period

3.9 years

Avg property value increase per year

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Promos and discounts for Monolith Green City

About the project

"Monolith Green City" is a modern residential complex located in the old part of Tbilisi, Ortachala, near the recreation area, whose greenery, fresh air and quiet environment will protect the residents of the complex from the chaos of the city, allow them to live in the heart of the city in ecologically clean and green environment.

Surrounded by beautiful panoramic views and dendrological gardens, the complex is located on 12 hectares. Indoor green yard, which allows residents to live a quiet and comfortable life in Tbilisi.

23 residential blocks will be built in the complex, will be accessible to the residents of the complex area, recreational park, children's play areas, walking, treadmill and bike paths, playgrounds and swimming pool, commercial facilities, kindergarten and school. The complex is located 2.5 kilometers away from such tourist places as the Botanical Garden, Abanot district, Narikala Fortress, Metekhi Bridge, Rike Square and others.

The construction of "Monolith Green City" includes 2 stages. Sectors IV and VI are being built in the first phase, which will be completed in December 2022, and Sectors I and II, which will be completed in December 2023. The second phase of construction is being planned.

Only high-quality building materials and energy-efficient technologies are used in the construction of the Monolith Green City complex, which saves up to 40% on utility bills. The residential complex is finished in white frame condition, observing all construction safety norms.

Developer

Monolith Group Ltd. was founded in November 2013. The company has established itself in the construction market of Georgia as a reliable and…
Details about Monolith Group Ltd