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Studio apartment for sale in Makhinjauri, Tamar Mepe Ave, 14 — 48.6 m² for $110,000

Tamar Mepe Ave, 14
$‍‍110,000
$‍2,263 per m2
$
1-room
apartment
apartment
48.6 m2
total area
area
10 floor
out of 17
out of 17
Feature of the layout
Layout
Studio
Number of bedrooms
Bedrooms
1 bedroom
Number of bathrooms
Bathrooms
1 bathroom
Additional
Additional
Balcony, Terrace
Year of construction
Year of construction
2025
Listed
Listed
Yesterday, 06:52
Updated
Updated
Yesterday, 06:52

Description from the seller

This multifunctional complex consists of two 15-story buildings (Blocks A and G) and one 17-story building (Block B), one of which will house a 5-star hotel of the international Crowne Plaza brand. Complex area: 15,000 m2. Located 50–100 m from the sea. The project developer and investor is a British company with extensive experience in implementing large-scale international projects. Residents of the complex enjoy exclusive access to the infrastructure and services of the 5-star Crowne Plaza hotel and the balneological resort. This apartment is a profitable investment. After purchasing an apartment in this unique project, you can either manage the property yourself or hand it over to a management company that will help recoup your investment within 4–6 years. The unique balneological resort and wellness spa services make it attractive to tourists year-round. The combination of these factors makes the property a highly interesting, high-yield business investment. Project infrastructure: • private landscaped courtyard with unique plants and trees • private, well-equipped beach connected to the complex by a bridge • children's infrastructure • heated indoor and outdoor pools with seawater • spa and fitness center • cafes and restaurants • conference hall • 382 m2 lobby connecting all three blocks • concierge service • 24-hour security and video surveillance • two-level underground parking • Otis elevators in each hall • car wash • dry cleaning • full compliance with fire safety standards • free electric shuttle bus to Batumi • comprehensive complex maintenance • rental options available Sales terms: • mortgage possible Sea-view apartments! Installation of a jacuzzi on the terraces is available for an additional fee. The interior features panoramic glazing, allowing you to enjoy natural light and stunning sea views from your suite. Equipped with Iteka kitchen appliances, Grohe, Geberit, and Vitra bathroom accessories, and furniture made from German MDF produced at a factory in Georgia. Security: Proximity to the sea requires full compliance with safety standards to ensure the comfort and peace of mind of residents, which is why moisture-resistant cladding materials were chosen for construction. Expenses and profitability: • the management company takes 40% of the rental income • maintenance cost is $1 per m2 (approx. $580) • utility bills are approx. $160 • projected rental yield — minimum 14.6% per annum Owners receive a 30% discount on hotel services during the summer months and a 50% discount during the rest of the year for facilities such as the fitness club, spa, and wellness center. Prices for procedures and paid services will be set by the launch of the balneological spa resort. Owners have the option to rent out the apartment independently, without the management company. Sale by owner. No commission for the buyer.

Building location

Makhinjauri, Mtsvane Kontskhi
, Tamar Mepe Ave, 14

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 $‍93,500 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
8 211
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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