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Studio apartment for sale in Batumi, Oval — 38.4 m² for $88,320

$‍‍88,320
$‍2,300 per m2
₾
$
1-room
apartment
apartment
38.4 m2
total area
area
11 floor
out of 34
out of 34
Feature of the layout
Layout
Studio
Number of bedrooms
Bedrooms
1 bedroom
Number of bathrooms
Bathrooms
1 bathroom
Listed
Listed
242 days ago
Updated
Updated
24 days ago

Description

Oval Complex AP 1102 Turnkey studio! 38.4 sq. m, 11th floor Sea view 5 min from the sea Below developer price!!! Price — 88320$ Down payment — 22885$ Booking — 7065$ Remaining balance to the developer via interest-free installment until 25.12.2027, at 770$ per month P.S. From February 1, 2024, the developer will implement a 10% price increase. Specifically, in the Oval project, prices for apartments below the 18th floor will rise by 20%. International brand Management Company Royal Tulip — 5-star hotel Construction completion 2027 — including infrastructure. Installment plan until the end of 2027 Investment apartments — the highest ROI in the city from 10% • 34 floors • infrastructure up to the 5th floor • 82 hotel rooms (5th–10th floors) • 332 investment apartments • 100 parking spaces • reception • observation deck • swimming pool • wellness center • fitness • cinema • restaurant • lounge • wine cellar Monolithic construction Panoramic double-glazed windows Soundproofing 3m ceilings before finishing 9-point seismic resistance Gas boiler house for centralized heating Management company 40%, owner 60% Utility bills are included in the 40% share. Maintenance fee 2 USD/m2 — not included in the management cost. Personal account for tracking income from the management company. 10-year contract with the management company. Exit possible after 3 years. Owner occupancy limit when signing with the management company — 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 program with a personal account to communicate with the operator. Through the personal account, the buyer can effectively track and control operations, monitor income and expense distribution, access information on pricing, bookings, and other tariffs, and maintain communication with the management company. Connection to service and booking systems, providers, etc., is paid separately by the owner as a fixed contract fee of 3000 USD.
Property ID: 476055
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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 $‍75,072 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
6 510
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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