Studio apartment for sale in Batumi, BlueSky Tower — 32.2 m² for $88,500

Investment studio for sale in Blue Sky apart-hotel The 32.2 sq. m studio is located on the 11th floor of Block A. The windows offer views of the Alley of Heroes, the sea, and the stadium. This is the last studio in this block with such a combination of views. The apart-hotel operates under the Holiday Inn brand and is already welcoming guests. Apartments are purchased exclusively as an investment property with a mandatory 10-year management agreement. Income is generated through a profit-sharing pool system: the owner receives income according to their coefficient based on the hotel's overall occupancy. The estimated yield is approximately 8% per annum. The apart-hotel is already operational, showing high occupancy during the season and having numerous reviews. The owner can stay in their apartment for up to two months per year. For the remainder of the time, the apartment is rented out and generates income. Upon expiration of the 10-year management agreement, the owner will be able to manage the apartment independently: live in it, rent it out personally, or renew the management agreement under the terms applicable at that time. Price: $2,750 / sq. m Total price: $88,550 Installment plan available: 30% down payment, current installment term is 17 months. Location: Zhiuli Shartava Ave, Blue Sky, Block A, Batumi Price: $88,550