1/7

Studio apartment for sale in Batumi, Oval — 35.7 m² for $75,000

$‍‍75,000
$‍2,101 per m2
commission-free
$
1-room
apartment
apartment
35.7 m2
total area
area
12 floor
out of 34
out of 34
Feature of the layout
Layout
Studio
Number of bathrooms
Bathrooms
1 bathroom
Listed
Listed
Yesterday, 10:43
Updated
Updated
Yesterday, 10:43

Description

Premium-class Oval complex! Unit 1215 from a private owner via assignment contract Studio with upgraded premium renovation and kitchen (by agreement with the developer), without movable furniture. • 35.7 sq. m • 12th floor • view of the Sea and the Alley of Heroes • 5 min from the sea Price below developer's rate!!! Price – $75,000 Down payment – $41,977 Remaining balance via interest-free installment plan until 25.12.2027. International brand Management by Royal Tulip – 5-star hotel Construction completion 2027 – including infrastructure. Installment plan available until the end of 2027. Investment apartments — the 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 Infrastructure: • reception • observation deck • swimming pool • wellness center • fitness • cinema • restaurant • lounge • wine cellar Technical specs: • monolithic construction • panoramic double-glazed windows • sound insulation • 3m ceilings before finishing • 9-point seismic resistance • gas boiler house for centralized heating Revenue split: Management Company 40% / Owner 60%. Utilities are included in the 40% share. Maintenance fee is $2/m2 – not included in the management cost. Personal account for tracking income from the management company. 10-year management contract, with an option to exit after 3 years. Owner occupancy limit (if signing with the management company) is 2 months per year (60 days total, including 14 days during high season). During hotel operation, the buyer will be registered in a dedicated online portal with a personal dashboard. Through this account, the owner can effectively monitor operations, track income and expenses, access pricing and booking data, and communicate directly with the management company. We have over 1000+ properties in our database!!! For any questions, please send a message. We will find an apartment based on your budget and requirements! Our services are always paid by the developer or seller! Free of charge for the buyer!
Property ID: 198809

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 $‍63,750 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
5 540
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.
Do you like this apartment?
Add to favorites so you will not lose it or send a link to someone who helps you with the choice of housing
How can we improve this page?