A fully furnished studio on the 5th floor of a 33-storey beachfront apart-hotel complex, 28 sqm, with views of the park and sea. The unit is occupied by a tenant and generates rental income from day one of ownership.
Investment Potential
A beachfront apart-hotel complex located 50 metres from the sea with an established short-term rental market and hotel management infrastructure on site. The existing tenancy provides immediate cash flow with no vacancy period at entry. At $49,000, the price point delivers one of the lowest acquisition costs per sqm in the beachfront segment. Georgia's rental income tax is 5%, and capital gains tax is 5%.
Infrastructure
• park and sea views
• fully furnished and equipped
• active tenancy at time of sale
• beachfront complex, 50 metres to the sea
• restaurant, casino, concierge, 24/7 security
• 33-storey tower