16a Mikheil Sharashidze Lane
in Batumi
Price / m2
from ‍1 414 ₾ $500
Developer
Address
16a Mikheil Sharashidze Lane

Layouts and prices for building on 16a Mikheil Sharashidze Lane

Prices and availability are current from 26 August 2022. Please check with your consultant for the most accurate information
1-bedroom apartments43.12–49.8 m2from ‍1 414 ₾ / m2 $500from ‍60 983 ₾ $21 560
3-bedroom apartmentsfrom 71.6 m2from ‍1 414 ₾ / m2 $500from ‍101 261 ₾ $35 800

16a Mikheil Sharashidze Lane on the map of Batumi

16a Mikheil Sharashidze Lane

Development status

16a Mikheil Sharashidze Lane
under construction
for sale
сompletion4 quarter 2022

Construction progress

We take photos of complex from same spots, to show real status and dynamics of development.

The latest update — September 2022

Construction progress  - Spot 1, September 2022
Spot 1
April 2020September 2022
Construction progress  - Spot 2, September 2022
Spot 2
May 2020September 2022
Construction progress  - Spot 3, September 2022
Spot 3
November 2021September 2022
Construction progress  - Spot 4, September 2022
Spot 4
May 2022September 2022

Ways to buy an apartment in 16a Mikheil Sharashidze Lane

All calculations are approximate. The final figures will only be announced by the bank or the developer
1
3
increasing the price by 10-20% will make the calculation more realistic
GEL
USD
ideal for a mortgage
15 %
years
months
I am a citizen of Georgia or have a residence permit
Mortgage from TBC Bank
Mortgage
13,9
%
interest rate
1 203
payment per month
15,44
%
effective rate
Excellent.
If your net income is at least
2 406
20 344
amount of interest payments
81 327
final cost of the apartment
Other ways to buy

Installment terms

term
2 years
down payment
30%
interest rate
0%
under the conditions of this program, they do not agree with your request
minimum installment – 30%, payment term – 2 years

Project attributes

About the building

🟧 Cadastral number05.32.07.549
🟧 Construction technologymonolithic-frame
🟧 Elevator1 passenger elevator
🟧 Infrastructurecommercial areas, closed area
🟧 Number of buildings1
🟧 Number of floors7
🟧 Parkingunderground parking, ground level parking

About the units

🟧 Apartment renovationblack frame, white frame, green frame
🟧 Apartments area43–90 m2
🟧 Available unit types1‑bedroom, 2‑bedroom
🟧 Ceiling height2.85 m

Information about the project

GI Group has begun work on the construction of a new house, which will appear in Batumi at about 1 km from the airport. The exact address of the construction is at Todogauri, at the dead-end of Mikhail Sharashidze, house No 16a. The Black Sea coast is a little more than 2.5 km from here.

What's around?

The available facilities here are not the most diverse, but the essential things are widely available. There are several cozy restaurants nearby such as BERMUKHA, Wild West, and Global Catering. For grocery shopping, there is the Babylon Supermarket. Also nearby are several car dealerships and stores with auto accessories and home goods. For a relaxing stroll, you can visit the ethnographic open-air museum or the amusement park, located a little further.

How to get around?

The construction is being carried out nearby the Batumi-Akhaltsikhe highway, which leads you to the resort areas of Batumi, as well as to other highways. The nearest bus stop is approximately 1 km from the new building.

What is inside?

The residential complex at 16a Mikhail Sharashidze is a relatively small building with only 7 floors. It is built with a reliable monolithic frame, which adds to the level of earthquake resistance and the durability of the structure. The property meets the latest fire safety requirements.

There is an underground garage, as well as parking spaces in the yard. On the ground floor of the complex is a commercial space where you will find a retail area.

What size are the apartments?

The smallest available units have an area of 43 sq.m. However, there are also some more spacious apartments available that have a maximum size of 71.6 sqm. Each apartment has a kitchen/living room, as well as separate bedrooms.

Interest-free installment plans for a period of 36 months are available directly from the developer. The details can be found on the official page of the developer as well as at the sales office of the real estate development company GI Group.

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Vladislav Sikorsky
Korter Real Estate Consultant
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Which apartments are available for sale in 16a Mikheil Sharashidze Lane in Batumi?

How much does a m2 cost in 16a Mikheil Sharashidze Lane?

The price per m2 in this complex starts from 1414 ₾.

How to buy an apartment in 16a Mikheil Sharashidze Lane in Batumi?

In this complex you can buy apartments with Installment terms, a Mortgage from TBC Bank.

When will 16a Mikheil Sharashidze Lane be commissioned?

16a Mikheil Sharashidze Lane – delivery in Q4, 2022.