2-room apartment for sale in Batumi, Novotel Living — 47.6 m² for $83,300

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 situated in a quiet suburb of Batumi, offering incredible sea and mountain views. 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*. Projected rental yield up to 12% annually. Loyalty program across the global hotel network. Management company (MC) takes a 40% commission, owner receives 60%. The management agreement is signed for 10 years. The 40% fee 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 (shampoo, soap, lotions, etc.) 5. Marketing and guest acquisition 6. Insurance (the company undertakes to fix anything that breaks) 7. Reception services 8. Utility bills MC maintenance cost: $0.9–1/m2 (included in the 40% MC share). This covers: reception, cleaning, building maintenance, minor repairs and hallway lighting, elevator operation, roof, facade, and courtyard maintenance, landscaping; fire safety infrastructure costs; maintenance and repair of engineering infrastructure (water, sewage, electricity, telephone, internet, TV); plumber and electrician services in common areas; 24/7 security and video surveillance. Utility payments are handled by the management company. Taxes are paid by the owner. Rooms will be equipped with kitchens. Owner occupancy is limited to 3 weeks per year in both blocks. The construction process is financed by a leading Georgian bank.