This modern 30-storey building is to be classified in the Comfort + category. Located in one of Batumi's most prominent modern districts, the complex is built on the seafront about 50 metres from the beaches and has the largest territory in this tourist area. The gardens that will be built there in the 2020 season will make this building complex one of the most welcoming on this new boulevard by the sea.
The building, with a monolithic seismic-resistant frame (8 points) is already completely built, the façade is isolated and treated, there is still the painting of the façade to be done (dec 2018). The elevators are installed and will be operational by mid-December 2018.
Main pipes for water and sanitation, electrical systems and ventilation are installed in all apartments. Windows, balconies and interior corridors are finished. All apartments are sold in Black Frame (please find a definition of this state below). The building will be operational to receive the interior renovation companies of the apartments on February 2019. Everything will be ready for the coming season. The Complexe territory will be entirely completed with mandarin gardens, with several children's playgrounds for the following season.
The occupants of the complex have access to a significant number of services
The apartments have a surface area between 30 m2 and 50 m2. The cost of the apartments in this complex starts at $950/m2 and goes up to $1250/m2. About 70% of the apartments have already been sold. There are still about fifty apartments for sale, especially on the highest and most expensive floors. The apartments are sold in Black frame: the cost for its renovation is $270/m2, the cost for its quality home staging, fully furnished with household appliances is $400/m2
It is very important to note that the apartment of this complex are to be purchased in BLACK FRAME. What does that mean? The flat is sold in a carcass condition with doors, windows, water, gas, electricity communication. The interior walls, electrical system, plumbing, heating and then house-staging, i.e. furnishings, household equipment and decoration, remain to be done.
In line with our investment method, our company offers its clients a renovation and house-staging service. Our Architect Designer will propose a quality renovation and house-staging project for your appartment. The cost of interior decoration depends on the number of rooms, design preferences, and the quality of the materials chosen. An average amount of $400/m2 is required. The quality of the finishes and furniture used for the furnishings and functionality of your villa are guaranteed by Gurian Partners and presented in an quotation which, after approval, will be attached to the general sales contract.
A 30m2 studio on the 25th floor costs $950/m2x30 = $28,500. The cost of its renovation and home-staging provided by our architect designer will be 400x30=12000 $. You can buy this studio for $40,500.
You want to buy an house or a appartment in Batumi, and make it profitable. In your absence, the apartment can be rented with the help of our management company. Gurian Partners offers a management service for your property. Faithful to its commitment to quality services, this management contract guarantees you peace of mind. This contract allows you to delegate the entire management of your investment to us. The management of its rental, its good condition and its preservation in good condition. Gurian Partners Management
For a 30 square meter apartment, fully renovated, purchased at a price of USD 40,500, rented at an average occupancy rate of 60% based on the average prices of short-term rentals in Batumi in 2018, Gurian Partners Management Fee of 30%, monthly maintenance fees of the complex, net profit tax of 5%, also taking into account that the flow of tourists to Batumi increases each year increasing the value of your apartment and the rent price, you will receive a minimum net ROI of 15%.
The promoter developper you to purchase in a single operation and you will then get a discount on the total price. Either it allows you to pay a downpayment of 30% and the balance in 12, 18 or 24 months at 0% interest.
The process of buying real estate in Georgia is very easy. You need only a passport for that. If you prefer not to travel to georgia, it can be done on your behalf through our lawyer via a Power of Attonrey. Purchase process takes up to 1-2 hours. Registration confirmation is published on the official website of the House of Justice ready to download and print. No seal certification is required. The cost of registration procedure is a little less than $50. Remote registration of the contract is also possible. Registration of the contract with payment in installments takes the same time, only different terms of payment are set in the contract. Installment is provided by the developer. No additional formalities or registration in the Bank is required. Further maintenance of the property is not expensive. There is no property tax.
For more information about this investment, please contact us via our contact form, we will answer you as soon as possible.