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Commercial property for sale: 4,300 m² in Batumi, Konstantine Gamsakhurdia St – $20,000,000

Konstantine Gamsakhurdia St
$‍‍20,000,000
$‍4,651 per m2
₾
$
Hotel
property type
property type
4 300 m2
total area
area
Listed
Listed
7 days ago
Updated
Updated
7 days ago

Description

Golden Palace Batumi is a premium multi-functional commercial property in the heart of Batumi, combining a hotel, casino, and restaurant space into a single concept. The complex features 51 fully equipped rooms, a casino of approximately 700 sq. m with a VIP zone, a restaurant, and a total area of about 4,300 sq. m. The facility is fully outfitted and ready for immediate operation, allowing an investor to launch the business and start generating income in the shortest possible time. A key advantage of the project is a potential tenant for the casino, ready to pay $100,000 monthly upon signing a lease agreement. This ensures a predictable and stable cash flow, representing an annual income potential of approximately $1.2 million from the casino lease alone. The strategic location in central Batumi, developed tourist infrastructure, high demand for hotels and entertainment, and ready-to-use infrastructure with significant growth potential make Golden Palace Batumi one of the most attractive investment opportunities in the Georgian real estate market. Contact me for details, the price is negotiable.
Property ID: 1010670
Kristina | Premium Real Estate Consultant
Kristina | Premium Real Estate Consultant
Agent
Agent
Speaks: ქართული, русский, english

Building and location

Batumi, Old City
, Konstantine Gamsakhurdia St

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 $‍17,000,000 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
1 474 091
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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