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1-room apartment for sale in Tbilisi, Icon By Zenith — 29.1 m² for $78,570

$‍‍78,570
$‍2,700 per m2
$
1-room
apartment
apartment
29.1 m2
total area
area
22 floor
out of 28
out of 28
Number of bedrooms
Bedrooms
1 bedroom
Additional
Additional
Balcony
Listed
Listed
Today, 17:26
Updated
Updated
Today, 17:26

Description

Investment studio of 29.1 m² in the premium ICON complex, Saburtalo. High floor, installment plan until 2029. A compact 29.1 m² studio for sale on the 22nd floor of the new premium ICON by Zenith complex in Saburtalo, located at Saakadze Square. Price: $78,570 ($2,700/m²). Main advantage: No need to pay the full cost of the apartment upfront. Investment entry: $12,330. Subsequent payments of just $5,520 per quarter, first payment on 11.15, next on 02.15.27, and so on, for a total of 12 quarterly payments. Completion: Q2 2029. Investment Strategy: Buy today at $2,700/m². If the price rises to $3,000/m², the property value becomes: 29.1 × $3,000 = $87,300. Potential value growth: $87,300 – $78,570 = $8,730. If exiting via contract assignment in Spring 2027, the investor will have paid approximately $23,370: initial down payment of $12,330 plus two quarterly installments of $5,520. Under the $3,000/m² scenario, the potential profit is $8,730, which is approximately a 37% return on actual invested capital (before expenses, taxes, and assignment fees). This applies even with less than a year of ownership. Why this property is attractive: • high 22nd floor with panoramic views • premium complex with reception and concierge service • co-working space and underground parking • fitness and SPA facilities • prime Saburtalo location • compact, liquid format ideal for resale, personal use, or rental Alternatively, you can choose a long-term strategy: continue the installment plan until 2029 to own a completed property in one of Saburtalo's most prominent new developments.
Property ID: 908885

Building and location

Jiuli Shartava St., 1
Tbilisi, Saburtalo District, Icon By Zenith
28 floors
Under construction, completion in Q3 2029
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 $‍66,784 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
5 803
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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