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Commercial Property for Sale: 3130m² in Batumi, Shota Rustaveli Street, 1 – $1 200 000

Shota Rustaveli Street, 1
Batumi, Old City
‍‍3 261 552 ₾
‍1 040 ₾ per m2
commission-free
$
3 130 m2
total area
area
6 floor
out of 6
out of 6
Ceiling height
Ceiling height
4 m
Year of construction
Year of construction
2024
Listed
Listed
Yesterday, 07:57
Updated
Updated
Yesterday, 07:57

Description from the seller

🏗 Approved construction project for sale. Investment offer: Construction project in Goderdzi 💰 Offer price: 1,200,000 EUR (excluding VAT) The price includes: ✅ Land plot with an area of ​​3,130 m² ✅ Full package of architectural and engineering projects ✅ All necessary construction permits (issued on 28.01.2028) ✅ Unique VAT exemption code, registered with the tax office ✅ Large-scale preparatory works have been completed: Earthworks Excavation works Reinforced concrete works of the foundation Minus-floor and first commercial floor 📐 Construction and usable areas: Category Area Total construction area 7,100 m² Total closed area 6,050 m² Corridors, stairs, elevator shafts 688 m² Usable area 5,362 m² Residential floors + penthouse 3,248 m² + 367 m² Basement 845 m² First commercial floor 764 m² Warehouse and auxiliary areas 138 m² 💵 Expected revenue from sales: Area formula Revenue ($) Residential (3,248 m² × $2,000) $6,496,000 Penthouse (367 m² × $2,800) $1,027,600 Basement (845 m² × $1,000) $845,000 Commercial floor (764 m² × $2,200) $1,680,000 Total revenue: $10,048,600 🏨 Total budget Estimate: To fully implement the project (4-star standard), it will take: $4,000,000 – $4,250,000 + project cost 🎰 Additional potential: Using the project in a hotel format makes it possible to obtain a casino license with a 50% discount, depending on the number of rooms, in accordance with current legislation. 📞 For additional information: GeoHouse 📱 [phone hidden]

Building location

Batumi, Old City,
Shota Rustaveli Street, 1

Contact seller

Geohouse • ge
Geohouse • ge
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 ‍2 772 319 ₾ from the bank
years
months
Mortgage from TBC Bank
from
12,9
%
interest
rate
from
15,02
%
effective interest
rate
247 486
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 — TIBR1M.
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