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Studio apartment for sale in Kobuleti, David Aghmashenebeli Ave — 38.4 m² for $66,938

David Aghmashenebeli Ave
$‍‍66,938
$‍1,743 per m2
commission-free
$
1-room
apartment
apartment
38.4 m2
total area
area
4 floor
out of 35
out of 35
Feature of the layout
Layout
Studio
Number of bedrooms
Bedrooms
1 bedroom
Number of bathrooms
Bathrooms
1 bathroom
Ceiling height
Ceiling height
3 m
Additional
Additional
Terrace
Listed
Listed
Today, 10:05
Updated
Updated
Today, 10:05

Description from the seller

The launch of sales of branded hotel rooms of the Swissôtel chain on the first coastline, surrounded by pine trees. Business indicators: • Apartments are available in two formats: studio and 1+1 • Studios from $66,000 • 1+1 from $112,000 • Annual cost increase from 10 to 20% or from $6,600 to $22,400 • Expected increase in value after delivery is estimated at 70% or $46,200 and $78,400 for studio and 1+1 • Return on daily rent (ROI) for the start-up cost is estimated at 15% per annum. That is equivalent to $9,960 for studio and $16,800 for 1+1 net income • Payback period is about 7–8 years Advantages: 1. 70% of the international tourist flow in Adjara is accounted for by pre-booking rooms in chain hotels. The brand will attract the network's customers, providing high occupancy rates without additional advertising costs. 2. It is possible to stay at the hotel for free for one month. 3. Discount program for Swissôtel hotel owners around the world. Project Description: Location • Zero line of the sea, direct exit from the hotel to the embankment in Kobuleti, Georgia • Within walking distance of Kobuleti Boulevard, the coastline, cafes, and restaurants • 15 minutes from Batumi and main regional attractions • Built on the historical site of the legendary Intourist Hotel Project concept • Three iconic towers inspired by silhouettes of sailing yachts • Project developed by Chapman Taylor (Madrid office) • Panoramic sea views from each apartment • Swissôtel's signature hospitality and resort-style lifestyle combined in one place Hotel component • Swissôtel Hotel with 138 rooms and suites • International hospitality standards from Swissôtel Hotels & Resorts • Focus on comfort, wellness, nutrition, and leisure Residences • Up to 2,500 residences • Studios, two-bedroom apartments, and penthouses • Designed for modern coastal living • Suitable as a holiday home, family vacation, and investment property Amenities • Spa and wellness center • Indoor and outdoor infinity pools • Indoor and outdoor gyms • Private beach • Yacht Club • Landscaped terraces • Shared lounge • Meeting and conference facilities • Large lobby • Valet parking service • 24-hour room service Food and drinks • Restaurant with panoramic terrace, open all day • Georgian cuisine restaurant • Italian restaurant • Bakery and cafe Le Pain Artisan • Beach Club • Billiard Club Entertainment and retail • Casino • Premium store collection

Building and location

Kobuleti
, David Aghmashenebeli Ave

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 $‍56,897 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
4 944
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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