avatar_Modern-16-storey-building-in-Batoumi-in-Front-Sea

Modern 16-storey building in Batoumi in Front Sea

  • High quality building materials
  • Innovative technologies
  • A modern and comfortable design

The developer is known for its seriousness and reliability, good management, team and qualified staff. Its shareholders are strong, including one of Georgia's largest banks, and are established in the Russian and European markets and have business relationships with reliable partners in Russia, Kazakhstan, Israel, Spain, Iran, Turkey, Azerbaijan and Armenia. Another advantage, a Swiss hotel expertise and management company renowned for its seriousness, will manage all the complexes owned by this developer, ensuring the marketing, sound technical management of the complex and its security system. Independent and private, this Swiss company works with independent hotel chains, mainly with Marriott, Hilton, Group, IHG, Accor, Choice Hotels.

The services and facilities offered in the residence.

  • A green courtyard with a square and a playground for children.
  • A closed underground parking lot and an open outdoor parking lot.
  • A green veranda on the roof of the complex, for common use with outdoor swimming pool, jacuzzi, summer cinema and coffee bar.
  • Modern communications networks and high quality elevators (Mitsubishi).
  • A high quality thermally isolated facade with non-conductive thermal glazing.
  • An administrative reception service open 24 hours a day with video surveillance and fire safety systems.
  • A motorcycle, car and bicycle rental service inside the complex.
  • A free electric bus: from the airport to your apartments; from your apartments to the funicular railway via Rustaveli Avenue, every hour (in high season).
  • A 24-hour generator power supply for elevators and common areas.
  • Fitness centres § Sauna.
  • A well-equipped private beach.
  • Several conference rooms and working spaces.
  • A commercial space on the ground floor with about ten different shops including a supermarket.

The size of most apartments to be purchased ranges from 25 m2 to 50 m2, some go up to 240 m2 and are spread over 4 blocks:

  • Mountain view
  • Round sea View
  • Courtyard View
  • Front sea View.

Mountains View apartments range from $560/m2 to $800/m2 (higher you go up the floors, more the price per m2 increases)

Round Sea View apartments range from $700/m2 to $1000/m2

Courtyard Sea View apartments range from $850/m2 to $1300/m2 

Front Sea View apartments are almost all already purchased or booked.

Black Frame

It is very important to note that the apartments of this complex are to be purchased in BLACK FRAME. What does that mean? The apartment 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.   

Renovation and House-staging

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 apartment. 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 apartment are guaranteed by Gurian Partners and presented in an quotation which, after approval, will be attached to the general sales contract. 

How much does it cost in total?

A 25m2 studio in the Mountain View block costs $560/m2x25 = $14,000. The cost of its renovation and home-staging provided by our architect designer will be 400x25=10 000 $. You can buy this studio for $24 000. 

A team management for your apartment

You want to buy an house or a appartment in Batumi, and make it profitable. In your absence, the villa 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

How long does it take to get back your money invested in your Aparthotel?

For a 35 square meter apartment, completely renovated, purchased at an average price of USD 35,000, 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%.

How to buy?

The developper allows 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 months at 0% interest.

Process of buying real estate in Batumi

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 Attorney. 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.   

 

 

  • Reference
  • Subway
    null
    District
    null
  • Cellar (m2)
    Floor
    Number of Floor
    16
    WC
    Bathroom(s)
    Fireplace(s)
    Air conditionner(s)
    yes
    Balcony
    Veranda (m2)
    Mansard (m2)
    Loft (m2)
    Parking
    yes
  • Surface
    25m2 to 240 m2
    Renovation
    Black frame
    View
    Sea
    Project
    City
    Orentation