Property Information
- Date added: Added 3 hours ago
- Residential: Apartment
- Buy l Rent: Sale
- Availability: Under Construction
- Bedrooms: 1
- Bathrooms: 1
- Half baths: 1
- Total Rooms: 3
- Floors: 22
- Floor Level: 17
- Terrace, m²: 9 m²
- Garden, m²: 0 m²
- Patio, m²: 0 m²
- Living Area, m²: 56 m²
- Total Area: 65 m²
- Lot Size, m²: 20000 m²
- Year Built: Under Construction
- Listing Managed by: Agent/ Agency
Description
-
Description:
This 1 bedroom apartment is fully furnished turn key ready for business, on the 19th floor overlooking the ocean. As the property market in Batumi is absolutely booming, here we take a breath, and realise, my inventory is locked in at last years prices.
$2,500 m2 for a fully turnkey apartment in a 5 star hotel development, these days is unheard of in Batumi.
Nest Invest Global and their partners at Mardi, secured inventory in bulk, and now are holding just a few left at these prices.
This 5 star Accor managed hotel boasts a wellness center, and aqua park, and multitude of restaurants, and too many facilities to mention.
Payment plans are available, and the ROI figures were compiled by Cushman and Wakefield, a well respected 3 party appraiser.
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Location
Amenities & Features
- Features:
- Amenities:
Building Details
- Cooling features: Air Conditioning
- Heating features: Heat Pump
- Parking spaces: 2
- Energy Efficiency Class: A
- Floor covering: Stone, Wood
- Exterior material: Cement/concrete, Metal
- Roof: Cement/concrete
- Type of Parking: Off-street
Video
- Video:
Neighborhood
- Neighborhood Description: A short taxi ride from the historic old town of Batumi, with fine dining and beautiful old architecture, casinos and bars, we are perfectly located in a botanical gardens area, with a private beach, hot springs, waterfalls and nature. This is where the rich and famous have chosen to build their luxury villas, and wellness retreats
- Nearby School: Multiple international schools
- Public Transport: Yes
- Shopping: Collection of boutique shops nearby
- Business District: yes
- Historical Growth %: Stable growth of 26% per year averaged over the previous 5 years
Expenses
- Annual Expenses USD: 920
- Monthly Expenses USD: 500 – 1000
- Property Insurance USD: included
Taxes
- Annual Taxes: 5% income tax on net revenue
Investor Information
- Cap Rate %: 12
- Gross Rental Yield %: 17
- Cash-on-Cash Return %: 22
- Occupancy Rate %: 75
- Summary: Cushman and Wakefield 3rd party appraisal