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Commercial Property for Sale: 1300m² in Batumi, Ilia Chavchavadze Street, 6 – $3 500 000

Ilia Chavchavadze Street, 6
Batumi, Old City
‍‍9 530 675 ₾
‍7 330 ₾ per m2
₾
$
Hotel
property type
property type
1 300 m2
total area
area
Listed
Listed
24 მარტის 2025
Updated
Updated
24 მარტის 2025

Description from the seller

✔️Area - 1300 sq.m. ✔️4-storey ✔️On the top floor there is an open terrace. ✔️There are 34 rooms in the hotel. ✔️The cable car is a 5-minute walk away. ✔️The hotel has an old renovation that requires updating. ✔️Previously there was a casino on the ground floor, but there are currently no slot machines, as the casino is closed.
Luka
Luka
Agent
Agent

Building location

Batumi, Old City,
Ilia Chavchavadze Street, 6

Contact seller

Luka
Luka
Agent
Agent

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 ‍8 101 074 ₾ from the bank
years
months
Mortgage from TBC Bank
from
12,9
%
interest
rate
from
15,02
%
effective interest
rate
≈
723 186
₾
payment for
month
10 107 833
₾
total for real
estate
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 — TIBR1M. An additional fee for life/property insurance is added to the monthly payment.
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