1-room apartment for sale in Batumi, Novotel Living — 34.4 m² for $53,000

Novotel Complex, Block B Location: 7 km from Batumi (towards Makhinjauri), 20 m from the sea. Brand: Novotel 4* Commissioning: • Block A: June 2025 • Block B: December 2025 The complex is located in a quiet suburb of Batumi, offering incredible views of the sea and mountains. Situated 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 passive income, averaging 12% per year. European brand — Novotel Hotels 4*. Expected rental yield up to 12% per annum. Loyalty program valid in the chain's hotels worldwide. The management company takes a 40% commission, with 60% going to the owner. The management agreement is signed for 10 years. The 40% commission includes: 1. Service fee of $0.90 per sq. m (covers building electricity, cameras, elevators, security, etc.) 2. Apartment cleaning 3. Fresh towels and bed linen 4. Toiletries (shampoos, soaps, lotions, etc.) 5. Marketing and guest acquisition 6. Insurance (the company undertakes to repair any breakages) 7. Reception services 8. Utility bills Management maintenance cost: $0.9–$1 per m2 (included in the 40% management fee). This covers: reception, cleaning, building maintenance, routine repairs and lighting of common areas, elevator operation, roof, facade, and yard maintenance, landscaping; fire safety infrastructure maintenance; engineering infrastructure maintenance and routine repairs (water, sewage, electricity, telephone, internet, TV, and other utilities); electrician and plumber services for common areas; 24/7 security and video surveillance. Utility payments are covered by the management company. In-country taxes are paid by the owner. Units will be equipped with kitchens. Owner occupancy limit — up to 3 weeks per year in both blocks. The construction process is financed by a leading bank in Georgia.