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Commercial Property for Sale: 2400m² in Batumi, 26 May Street, 10 – $3 940 800

26 May Street, 10
Batumi, Rustaveli District
‍‍11 298 707 ₾
‍4 707 ₾ per m2
$
Hotel
purpose
purpose
2 400 m2
total area
area
7 floor
out of 7
out of 7
Feature of the layout
Layout
Hotel
Listed
Listed
11 April 2023
Updated
Updated
13 November 2024

Description from the seller

A newly built, fully furnished and equipped hotel with 40 rooms is for sale at 26 May Street, Batumi. The hotel is located in the best location, a 5-minute walk from the sea, next to the Sheraton Hotel. The hotel is in a completely new, non-residential condition. 2400 sq.m. The rooms are large and can accommodate 4 people. Great location. City center. 5 minutes from the sea and Europe Square. All infrastructure, city parks with attractions, convenient transportation, restaurants, and casinos are nearby. Renovation in 2022. It is not used after repair. It is equipped with everything necessary for running the hotel business. The restaurant is fully ready for the restaurant business with kitchen equipment. There is a spa area and an opportunity to equip a gym. There is a 170 kW backup electricity source. Reserve water supply. Lots of ancillary rooms. (1533 SC)

Building location

Batumi, Rustaveli District,
26 May Street, 10

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 ‍9 603 901 ₾ from the bank
years
months
Mortgage from TBC Bank
14,5
%
annual interest
rate
864 568
payment for
month
16,97
%
effective interested rate that linked to a public
index
12 069 622
total for real
estate
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