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Commercial property for sale: 658 m² in Batumi, Tsminda Andria Pirveltsodebuli Highway, 78 – $1,200,000

Tsminda Andria Pirveltsodebuli Highway, 78
$‍‍1,200,000
$‍1,824 per m2
commission-free
₾
$
Hotel
property type
property type
658 m2
total area
area
4 floor
out of 4
out of 4
Ceiling height
Ceiling height
3 m
Additional
Additional
Balcony
Listed
Listed
Yesterday, 14:33
Updated
Updated
Yesterday, 14:33

Description

I present to your attention an operating hotel facility located in the resort village of Kvariati, Georgia, on the first coastline of the Black Sea. Key Information: • Number of rooms – 20 • Total building area – 658 sq. m • Land plot area – 1,020 sq. m • Non-agricultural land status • Floors – 4 floors • Year of construction – 2016 • No elevator • Location – beachfront/first line Hotel Features: Each room is equipped with a private bathroom and its own balcony. Rooms are isolated from each other, ensuring guest comfort and privacy. Rooms include TVs, refrigerators, and air conditioning. The furniture and interior require updating; the building also needs renovation and cosmetic refurbishment. Location and Access: Kvariati is a seaside resort on the Black Sea coast, near Batumi and the Georgian-Turkish border. • Distance to Batumi – approximately 15 km • Distance to the Turkish border (Sarpi) – approximately 2 km • First coastline The access road is shared property. However, there will be no issues with access or road usage for the future buyer. Utilities: Electricity and sewage systems need to be organized by the buyer. Legal Information: One of the property owners is a minor. Therefore, to legally finalize the sale, prior permission must be obtained from the relevant state authority responsible for child protection rights. This procedure takes approximately two weeks. At this stage, the application is not submitted in advance as a real and interested buyer is required. Once the buyer's serious intentions are confirmed, we are ready to initiate the procedure immediately. Sale Price: $1,200,000.
Property ID: 1026765

Building and location

Tsminda Andria Pirveltsodebuli Highway, 78
Batumi
2016
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 $‍1,020,000 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
88 445
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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