BI Residence

A unique premium class complex located 120 meters from the sea, in the tourist center of Batumi, on the New Boulevard.
Published at 18/06/2020

A luxury modern multifunctional residential complex BI Residence Batumi is located on the territory of the New Boulevard in the tourist center of the city at 17 Nizharadze street. The location of the complex is one of its main advantages – the first coastline, the distance to the beach is only 120 meters.

BI Residence — Advices from experts and reviews of real estate on GEOLN.COM. Photo 1

BI Residence — Advices from experts and reviews of real estate on GEOLN.COM. Photo 2

The residential complex is being built in accordance with international quality standards of the EU and in full compliance with the construction regulations of Georgia that came in force in 2019, including requirements for seismic stability of the building. Commissioning of the house is scheduled for December 2021.

The developer of the project is the Georgian construction and development company KASKO, founded in Batumi in 2011. The company takes part in all stages of project implementation from the design to furnishing of the apartment, the offices located in 5 countries. The company has a reliable solid reputation due to the high quality of construction. Special attention is paid to the location of complexes, choosing only the best resort locations for the most profitable real estate investments.

The monolithic 18-storey building BI Residence Batumi has a very stylish architecture – at the base it is curved in the shape of the letter C. This original design solution dictates the unusual geometry of the interior in the form of a trapezoid. The facades of the house are covered with high-quality insulated glass and decorated with elegant inserts of snow-white lace panels.

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The Central entrance group is highlighted by five semicircular pillars made of the same carved panels – a spectacular and memorable element.

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The complex has 28 sq. m. studio-apartments, as well as 2-3-room apartments and penthouses. In total, there are 306 apartments in the building with a ceiling height of 3.2 meters. All of them have windows with panoramic view and balconies with transparent glass fences, so that you can enjoy an unobstructed view of the sea and mountains.

The apartments are sold in a black frame condition, which means the presence of contour walls, an iron entrance door, high-quality metal-plastic double-glazed windows. Each apartment is connected to utilities – electrical wiring, cold water pipes and sewers. Apartments can be sold in a white frame, which means an addition of $50 to the normal price per 1 sq. m. The prices for apartments in BI Residence Batumi range from $540 to $1,100. The company offers a profitable interest-free internal installment plan with a period of 24 months with a 30% down payment.

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The area has a developed infrastructure and excellent transport accessibility. An additional free shuttle service is available during high season. The internal infrastructure of the complex is represented by underground parking space, ground-level guest parking space, a green courtyard with landscaping, a children's playground with attractions, and a spacious public veranda. There is an indoor swimming pool, a SPA center with jacuzzi and sauna, a fitness room, a summer cinema on the roof, a cafe-bar with a terrace.

The house will be equipped with 3 elevators from the world's leading manufacturer Mitsubishi. Round-the-clock security, video surveillance, concierge service, as well as a modern fire protection system are provided. Residents will have access to 24-hour administrative service of the apartments.

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The developer's partner is the management company BI Management, which is a recognized leader of professional administration in the real estate market of Batumi. Apartment owners get a unique opportunity to rent our their apartments on 100 or more global online platforms, including Airbnb, Booking, Expidia, etc. through the IT-system of apartment management G-PLUS.APP.

By signing an official agreement with the management company BI Management, the owner receives a guaranteed return on renting out apartments in the amount of 8% per annum. At the same time, you can make a profit and control all the nuances from anywhere in the world through your personal online account.

Another unique advantage for apartment owners in BI Residence is the opportunity to participate in the RCI exchange program for vacation around the world.

Average rating: 4.90. Votes: 21

Diana Kabakci

The leading expert of the real estate market in Georgia
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