1-room apartment for sale in Batumi, Novotel Living — 34.4 m² for $91,000

Novotel Complex, Block A Turnkey price Location: 7 km from Batumi (towards Makhinjauri), 20 m from the sea Brand: Novotel 4* Completion of Block A: June 2025 Completion of Block B: December 2025 The complex is located in a quiet suburb of Batumi. You can enjoy incredible views of the sea and mountains. Located 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: reception, panoramic pool, spa, restaurant, and even a private beach. You can earn a passive income, averaging 12% per year. European brand — Novotel Hotels 4*. Planned rental yield: up to 12% per annum. Loyalty program in chain hotels worldwide. Management company (MC) fee is 40%, owner receives 60%. The contract with the MC is signed for 10 years. The 40% includes: 1. Service fee of $0.90 per sq. m (covers electricity for the building, cameras, elevators, security, etc.) 2. Apartment cleaning 3. Fresh towels + bed linen 4. Toiletries (shampoos, soap, lotions, etc.) 5. Advertising and guest acquisition 6. Insurance (the company undertakes to fix any breakages) 7. Reception 8. Utility services MC maintenance cost: $0.9–$1/m2 (service fee is included in the 40% MC share). Includes: reception, cleaning, building maintenance — routine repairs and hallway lighting, elevator operation, roof, facade, and yard maintenance, landscaping; fire safety infrastructure maintenance; maintenance and routine repair of engineering infrastructure (water, sewage, electricity, telephone, internet, TV); services of an electrician and plumber in common areas; 24/7 security and video surveillance. Utility bills are paid by the management company. Taxes are paid by the owner. The rooms will feature kitchens. Owner occupancy limit: up to 3 weeks per year in both blocks. The construction process is financed by a leading bank in Georgia.