1/13

1-room apartment for sale in Batumi, Novotel Living — 28 m² for $77,900

Iberia St, 2 (Block A)
$‍‍77,900
$‍2,782 per m2
commission-free
$
1-room
apartment
apartment
28 m2
total area
area
6 floor
out of 13
out of 13
Number of bedrooms
Bedrooms
1 bedroom
Number of bathrooms
Bathrooms
1 bathroom
Project
Project
Developer
Developer
Listed
Listed
23 April 2024
Updated
Updated
10 December 2025

Description from the seller

Novotel Scenic Complex Novotel 4* Brand Block A commissioning: June 2025 Block B commissioning: December 2025 Area from 33.3 sq. m to 159.8 sq. m Block A: Turnkey apartments only. Block B: White frame or turnkey apartments available. In Block B, the client is required to purchase the developer's renovation package 6 months before project completion. Turnkey renovation cost is $800 per sq. m. The complex is located in a quiet suburb of Batumi, offering incredible views of the sea and mountains. Location: Just a 20-minute walk from the Batumi Botanical Garden, the famous Green Cape, and Mtirala National Park. Batumi city center is only a 10-minute drive away. For your comfort, we have provided extensive infrastructure including a reception, panoramic pool, spa, restaurant, and even a private beach. You can earn passive income averaging 12% per year. Infrastructure: • reception • restaurant • panoramic rooftop bar • private beach and sun loungers • Smart doors for secure beach access • rooftop pool • spa • fitness center • shop • underground parking • landscaped garden area • for children: playgrounds, kids' center, toddler pool General guest parking available, not sold separately. European brand — Novotel Hotels 4* Planned rental yield up to 12% per annum Loyalty program at chain hotels worldwide. Management Company (MC) fee: 40%, Owner's share: 60%. MC agreement term: 10 years. The 40% fee includes: 1. Service fee of $0.90 per sq. m (covers electricity for common areas, cameras, elevators, security, etc.) 2. Apartment cleaning 3. Fresh towels + bed linen 4. Toiletries (shampoo, soap, lotions, etc.) 5. Marketing and guest acquisition 6. Insurance (the company undertakes to fix any breakages) 7. Reception services 8. Utilities MC maintenance cost: $0.9–$1 per sq. m (service fee included in the 40% MC share) (Covers reception, cleaning, building maintenance — hallway repairs and lighting, elevator operation, roof, facade and yard maintenance, landscaping; fire safety infrastructure; engineering infrastructure maintenance: water, sewage, electricity, telephone, internet, TV; electrician and plumber services for common areas; 24/7 security and video surveillance.) Utility bills are paid by the MC. Taxes are paid by the owner. Rooms will feature kitchens. Owner occupancy limit: up to 3 weeks per year in both blocks. Payment options in Block A: • Down payment from 50% for studios. 18-month installment plan • Down payment 30% for apartments over 50 sq. m. 18-month installment plan • 70/30 plan — 70% down payment. Remaining 30% covered by rental income over 3 years (check with manager) Payment in Block B: • 30% down payment • 24-month installment plan Cryptocurrency payments accepted. Construction is financed by a leading Georgian bank.

More about the house

Iberia St, 2
Block A
13 floors
Under construction
Completion in Q2 2026

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 $‍66,215 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
5 815
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.
Do you like this apartment?
Add to favorites so you will not lose it or send a link to someone who helps you with the choice of housing
How can we improve this page?