Park Home Vake in Tbilisi

Name: Sales in Park Home Vake started!
Start: 2022-05-09T08:03:15.621028+00:00
End: 2023-12-31T23:59:59+0000
Location: Park Home Vake

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Project info

Object ID: 20273

Finished at	August 2022
Price, m²	From 1625$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 44.10 m²
Floors	10
Apartments	240
Condition	Turnkey
Ceiling height	3.00 m.
Construction type	Monolyth
Security	Security Reception
Conveniences	Parking Underground parking Fitness Pool Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Medical University 11 min Technical University 17 min Delisi 21 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

71,500$

Net profit

6,783$

Payback period

7.9 years

Avg property value increase per year

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About the project

The structural design of the building is of a frame-braced type with a rigid core in the center of the building. The foundation is laid with 1.5 m thick reinforced concrete slab based on 1.5 m diameter and 50-55 m high piles. The cantilever effect is obtained with continuous diaphragmatic walls on three floors connected to the rigid core through the cantilever part of the building.

The premium line complex consists of three 10-storey independent blocks. The buildings are connected to each other by a common podium. The podium will house a business center, commercial and office spaces, an art gallery, a gym with a 25-meter swimming pool and a car park.

The recreation area will be displayed on 8,000 sq.m. of the complex territory and will include a courtyard, a green terrace, children’s and sports grounds. In addition, two-hectare park will be laid out in front of the complex.

Developer

Anagi is the largest construction company in Georgia. It was founded in 1989 and shortly moved to the leading position in the construction …
Details about Anagi