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2-room apartment for sale in Batumi, BlueSky Tower — 52.8 m² for $120,000

$‍‍120,000
$‍2,273 per m2
commission-free
$
2-room
apartment
apartment
52.8 m2
total area
area
15 floor
out of 36
out of 36
Number of bedrooms
Bedrooms
1 bedroom
Number of bathrooms
Bathrooms
1 bathroom
Ceiling height
Ceiling height
3 m
Additional
Additional
Balcony
Listed
Listed
Yesterday, 10:03
Updated
Updated
Yesterday, 10:03

Description

The main advantage of this offer is the price. The apartment is for sale at $120,000, while the developer currently offers similar units on the 15th floor starting from $130,000. This means the buyer acquires a ready lot for $10,000 less than the developer's current price. Comfortable layout featuring a separate bedroom and a living room with a full-size sofa. The apartment can accommodate up to 4 people, making it suitable for both families and tourist rentals. The windows overlook the courtyard and the sea. The high 15th floor adds privacy and makes the property more attractive to guests. The apartment is fully ready, furnished, and equipped with appliances. Under the contract, it is transferred for management complete with furniture, appliances, and necessary hotel inventory. The hotel has already started operating in test mode; the unit is already being rented out and receiving bookings. The buyer does not need to wait for construction to finish, handle renovations, or start the rental process independently. The management company fully handles hotel operations: sets pricing, manages occupancy and bookings, organizes the front office, housekeeping, technical services, marketing, reservations, and security. The unit can be promoted immediately through international channels: [link hidden] Expedia, Tripadvisor, Airbnb, and other platforms. The rental model operates on a pool system: income from Block A apartments is combined, after which 60% of the monthly revenue is distributed among owners according to their ownership coefficient. This means the owner's income depends on more than just the occupancy of their specific unit. The management agreement also specifies a benchmark for the owner of at least 8% annual return on the invested amount, calculated based on tourist flow, market prices, and economic indicators. However, this income is not a fixed guaranteed monthly payment and depends on the hotel's performance. Additional benefits for the owner include: a discount of at least 15% on Holiday Inn infrastructure, as well as special conditions for hotel services within their own apartment. The owner can also use the apartment for personal vacations. The contract provides for permitted days of free stay, after which a special rate for the owner applies. Sale price – $120,000. Developer's price for a similar offer on the 15th floor – from $130,000. Benefit when purchasing this specific lot – $10,000. This is a particularly attractive offer for an investor looking for a ready hotel asset rather than a project in the initial construction phase: 52.8 m², separate bedroom, 15th floor, sea-facing windows, professional management, and an already active rental business.
Property ID: 889609
Groundz
Groundz
Realtor of the agency Groundz
Realtor of the agency Groundz
Speaks: русский, english, українська, עברית, deutsch, türkçe, ქართული

Building and location

Tbel Abuseridze St, 13
Batumi, Khimshiashvili District, BlueSky Tower, Block B
36 floors
Completed in 2025
All listings for sale

Mortgage for buying real estate

Please note that all calculations provided are approximate. For the final figures, we recommend consulting with both the bank and the seller
GEL
USD
You borrow $‍102,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
8 863
monthly payment, a life/property insurance fee is added to the monthly
payment
The provided Nominal and Effect Interest Rates represent the minimum credit facility amount. The actual values will be specified at the time of credit approval. The interest rate given in the table is linked to the public index — Term SOFR.
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