Modern apartment 1 room in hotel complex

Batumi, Georgia – ID 11585
52,100 €
Area 31 m2
Flat kind 1+kk
Floor 22/22
Sea 700 m
Condition Ready

Investment information How it works?

Monthly return: 521 €
Yearly return: 12.0%

I offer you the opportunity to buy a 1 bedroom apartment of 31m2 with balcony in a multifunctional complex in Batumi.

An innovative project with an all-in-one concept based on New York and Dubai.

Design concept:

The project is designed by a leading Georgian architectural firm that specializes in designing modern five-star hotels.

The project is ideal for residential, recreational or commercial activities.

The complex is located in the centre of Batumi in a new modern district with year-round tourist and business traffic.

Distance from the sea - 700 m

Comfortable accommodation:

- 876 premium apartments

- Centralized heating and air conditioning system

- multi-level parking

- spacious lobby

- 24-hour reception

- 11 high-speed elevators

5 star recreation:

- Shared relaxation area

- outdoor swimming pool (18x10 metres)

- fitness centre

- lounge

- children's playroom

- restaurant

- green terrace

Premises for business activities:

- 5 500 m2 - total office space spread over 5 floors

- co-working room

- conference hall

- office hall

- terraces

- lounge

- meeting rooms

You don't have to use the property only for your vacation, but you can take advantage of the rental services offered by our business partner.

PAYMENT TERMS:

- Deposit - 10%

- Interest-free payment - until 07.2027 with the possibility of quarterly payments

- Yield - up to 12% per annum

The developer guarantees the purchase of the property upon payment of 50% or more of the purchase price:

- If the buyer pays the whole amount at once, he will get a discount.

- The buyer can use the services of our partner banks and get a simplified mortgage.

INVESTMENT ATTRACTIVENESS

Facts about Georgia / Batumi

Interest in Georgia is growing every year. Tourism in the country is conquering new heights every year.

In 2019, the number of visitors exceeded 9 million. And in 2021, it will increase by 20% compared to 2020. Georgia is considered one of the countries with the greatest investment and tourism potential.

The attractiveness of Georgia:

- 1st place in economic reforms (World Bank)

- 7th in the world in ease of doing business

- Lowest level of corruption in the region

- Visa-free travel with 98 countries

- Low tax on rental income - 5%

- No capital gains tax - 0% (if property is sold after 2 years of ownership)

- Residency permit - you automatically get the right of residency if you buy a property worth USD 100,000 or more.

The price per m2 will increase by 156% in 5 years.

Prices in the region are still lower than in other European countries, but they are rising steadily and at a fast pace, which is why this is a very interesting investment opportunity.

- Visa-free travel with 98 countries

- Low tax on rental income - 5%

- No capital gains tax - 0% (if the property is sold after 2 years of ownership)

- Residency permit - you automatically get the right to reside if you buy a property worth $100,000 or more.

Prices in the region are still lower than in other European countries, but they are growing steadily and at a fast pace, which is why this is a very interesting investment opportunity.

The purchase is not the end of our relationship, it is just the beginning.

Floor
22
Floors
22
Flat kind
1+kk
Sea view
1
Area
31 m2
Usable area
28.4 m2
Balcony
1
Garage
1
Pool
Pool
Parking
1
Reception
Reception
Restaurant
Restaurant
Security
Security
Maintained greenery
Maintained greenery

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Interested in this property but not sure yet? Make an appointment online or at our office and we will personally go over all the details with you.

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