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Studio apartment for sale in Batumi, Oval — 35.2 m² for $66,880

$‍‍66,880
$‍1,900 per m2
commission-free
$
1-room
apartment
apartment
35.2 m2
total area
area
17 floor
out of 34
out of 34
Feature of the layout
Layout
Studio
Number of bathrooms
Bathrooms
1 bathroom
Additional
Additional
Balcony
Listed
Listed
Yesterday, 10:36
Updated
Updated
Yesterday, 10:36

Description

Premium Oval Complex! Ap. 1707 from a private owner via assignment contract Studio with a developer-agreed premium renovation including a kitchen, but without movable furniture. • 35.2 sq. m • 17th floor • Mountain and city views • 5 min from the sea • Important: by individual agreement with the developer, the living restriction on this investment apartment has been lifted, meaning it can be used as a permanent residence!!! • Below developer price!!! Price – $66,880 Down payment – $43,552 Reservation – $3,526 Remaining balance to the developer via interest-free installment until 25.12.2027, $1,119 monthly • International brand • Managed by Royal Tulip – 5-star hotel • Construction completion 2027 – including infrastructure • Installment plan until the end of 2027 Investment apartments – highest ROI in the city starting from 10% • 34 floors • Infrastructure up to the 5th floor • 82 hotel rooms (floors 5–10) • 332 investment apartments • 100 parking spaces • 5 elevators • reception • observation deck • swimming pool • wellness center • fitness • cinema • restaurant • lounge • wine cellar • Monolithic construction • Panoramic double-glazed windows • Soundproofing • 3m ceilings before finishing • Seismic resistance 9 points • Gas boiler room for centralized heating • Management Company (MC) 40%, Owner 60% • The 40% includes utility bills • Maintenance $2/m2 – not included in management costs • Personal account for income tracking from the MC • 10-year contract with the MC. Exit possible after 3 years • Owner's stay limit when signing with MC – 2 months per year (60 days total, including 14 days during high season) During hotel operation, the buyer will be registered in a special electronic system with a personal dashboard. Through this account, the buyer can effectively track and control operations, monitor income and expense distribution, access information on pricing, bookings, and other rates, and communicate with the management company. • We have over 1000+ properties in our database!!! For any questions, please send a message. We will find an apartment according to your budget and request! Our services are always paid for by the developer or seller! The service is free for the buyer!
Property ID: 198739

Building and location

Zhiuli Shartava Ave, 9
Batumi, Khimshiashvili District, Oval
34 floors
Under construction
Start in Q3 2022
Completion in Q4 2027
All listings for sale

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 $‍56,848 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
4 940
monthly payment, a life/property insurance fee is added to the monthly
payment
The provided Nominal and Effect Interest Rates represent the minimum credit facility amount. The actual values will be specified at the time of credit approval. The interest rate given in the table is linked to the public index — Term SOFR.
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