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Studio apartment for sale in Batumi, Stay & Rent — 40.1 m² for $69,120

$‍‍69,120
$‍1,724 per m2
$
1-room
apartment
apartment
40.1 m2
total area
area
7 floor
out of 22
out of 22
Feature of the layout
Layout
Studio
Number of bedrooms
Bedrooms
1 bedroom
Number of bathrooms
Bathrooms
1 bathroom
Additional
Additional
Balcony
Project
Project
Developer
Developer
Year of construction
Year of construction
2027
Listed
Listed
Yesterday, 14:30
Updated
Updated
Yesterday, 14:30

Description from the seller

Stay & Rent is a residential complex with the possibility of renting in Batumi A modern 22-storey complex located just 700 meters from the sea, right behind Metro City, one of the most famous shopping centers in Batumi. An ideal option for both your own residence and for a bargain rental. Key features * 22 floors * 450 apartments * Completion — 2nd quarter of 2027 * Residential building with no restrictions on long-term stays * Central heating * 4 high speed elevators * Panoramic windows * 1st floor — commercial premises Complex infrastructure * Reception * Recreation area for residents * Children's playground * Swimming pool * Meeting rooms (co-working area) Frames to choose from Black frame — box without partitions — windows and front door installed White frame — floor screed — interior partitions — plaster — communication layout — Smart Home kit as a gift (smart key, lighting control, etc.) Green frame (available for sale) — version with improved preparation for repairs Repair cost * Repair without furniture and appliances — $600/m² * Turnkey — $750/m²= Views from the windows * Studios — sea view * 1+1 — mountain view Payment plan * $1000 — 2-week booking * First installment 15— 30%, installments until June 2027 * 50% down payment — 3 months vacation, then installments until June 2027 Management company It will work from the developer. Profitability The expected rental income is 10% per annum (developer's forecast).

More about the house

Grigol Lortkipanidze St, 5
Stay & Rent
22 floors
Under construction
Start in Q2 2024
Completion in Q2 2027

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 $‍58,752 from the bank
years
months
Mortgage from TBC Bank
from
9,9
%
interest
rate
from
11,93
%
effective interest
rate
≈ $
5 163
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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