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Commercial property for sale: 3,130 m² in Batumi, Shota Rustaveli Street, 1 – $1,200,000

Shota Rustaveli Street, 1
$‍‍1,200,000
$‍383 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
15 იანვარის 2026
Updated
Updated
15 იანვარის 2026

Description from the seller

🏗 Approved construction project for sale. Investment offer: Development 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 designs ✅ All necessary construction permits (issued on 28.01.2028) ✅ Unique VAT exemption code, registered with the tax office ✅ Large-scale preparatory works completed: • earthworks • excavation works • reinforced concrete foundation works • basement level and first commercial floor 📐 Construction and usable areas: • Total construction area: 7,100 m² • Total enclosed area: 6,050 m² • Corridors, stairs, and 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 sales 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 require: $4,000,000 – $4,250,000 + project cost 🎰 Additional potential: Utilizing the project as 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

Building location

Batumi, Old City
, Shota Rustaveli Street, 1

Contact seller

Geo House
Geo House
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 $‍1,020,000 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
89 579
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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