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Apartment for sale – 1-room apartment in 34 sq.m. in Batumi, Novotel Living

Iberia St, 2 (Block B)
‍‍149 429 ₾
‍4 344 ₾ per m2
0% commission
$
1-room
apartment
apartment
34.4 m2
total area
area
8 floor
out of 13
out of 13
Number of bedrooms
Bedrooms
1 bedroom
Project
Project
Developer
Developer
Listed
Listed
23 мая 2024
Updated
Updated
20 декабря 2024

Description from the seller

Novotel Block B Complex Location 7 km from Batumi (towards Makhinjauri) 20m from the sea Novotel brand 4* Unit A will be put into operation in June 2025 Block B will be put into operation in December 2025 THE COMPLEX IS LOCATED IN A QUIET SUBURB OF BATUMI. YOU WILL BE ABLE TO ENJOY INCREDIBLE VIEWS OF THE SEA AND MOUNTAINS. LOCATION JUST A 20-MINUTE WALK FROM THE BATUMI BOTANICAL GARDEN AND THE FAMOUS “GREEN CAPE”, THE MTIRALA NATIONAL PARK. BATUMI CITY CENTER IS JUST A 10-MINUTE DRIVE AWAY. FOR YOUR COMFORT, WE HAVE PROVIDED A RICH INFRASTRUCTURE - RECEPTION, PANORAMIC POOL, SPA, RESTAURANT AND EVEN A PRIVATE BEACH. YOU CAN EARN PASSIVE INCOME, WHICH IS AN AVERAGE OF 12% PER YEAR. European brand - NOVOTEL Hotels. 4 stars Planned rental income up to 12% per annum Loyalty program at chain hotels around the world. The Criminal Code charges a commission of 40%, and the owner 60%. The contract with the Criminal Code is concluded for 10 years. 40% includes 1. The service fee is $0.90 per sq.m (this includes payment for electricity consumed by the building, cameras, elevators, security, etc...) 2. Apartment cleaning 3. Clean towels+bed linen. 4. Shampoos, soap, lotions, etc... 5. Advertise and attract guests 6. Insurance (if something breaks, the company undertakes to fix it). 7. Receptionist 8. Utilities The cost of servicing the Criminal Code: 0.9-1 $\ m2 (payment for the service is included in 40% of the Criminal Code) (reception, cleaning, building maintenance - maintenance and lighting of the entrance, operation of elevators, Roof, facade and yard maintenance costs, maintenance, lighting, landscaping; costs of maintaining fire safety infrastructure; Expenses for maintaining and repairing engineering infrastructure (water, sewerage, electricity, telephone, internet, television and other communications); Cost of electrical and plumbing services in public areas; 24-hour security costs and video surveillance.) Utility bills are paid by the Criminal Code. Taxes are paid by the owner. The rooms will have kitchens. Limiting the owner's stay to 3 weeks a year in both blocks. The construction process is financed by a leading bank in Georgia

Building location

Batumi, Makhinjauri,
Iberia St, 2 (Block B)

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 ‍127 015 ₾ from the bank
years
months
Mortgage from TBC Bank
14,5
%
annual interest
rate
11 434
payment for
month
16,97
%
effective interested rate that linked to a public
index
159 622
total for real
estate
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