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Commercial property for sale: 1,700 m² in Batumi, Amaghleba Street, 9 – $840,000

Amaghleba Street, 9
$‍‍840,000
$‍494 per m2
$
Hotel
property type
property type
1 700 m2
total area
area
3 floor
out of 3
out of 3
Ceiling height
Ceiling height
3 m
Additional
Additional
Balcony
Year of construction
Year of construction
2022
Listed
Listed
Yesterday, 09:58
Updated
Updated
Yesterday, 09:58

Description from the seller

Operating Hotel for Sale in Batumi | 16 Rooms | 1700 sq.m Fully operational hotel for sale, located in a prime tourist area close to the sea. The property operates stably and demonstrates high profitability. Financials (average 40% occupancy): Annual revenue — $160,000 Net profit — $150,000 The hotel operates without external advertising platforms (Booking, Airbnb), highlighting the strength of the location and consistent natural demand. Potential: With professional management and marketing, occupancy can be at least doubled. Based on current performance, the property achieves full payback in under 5 years. Key Features: Total area — 1700 sq.m 16 fully equipped rooms Furniture and equipment included Clear and complete documentation Purchase with legal entity is possible Price: $840,000 — urgent sale Market value: $1,500,000+ Reason for sale: owners reside abroad and are unable to manage the business on a daily basis.
Speaks: ქართული

Building location

Batumi, Mtsvane Kontskhi
, Amaghleba Street, 9

Contact seller

Tengo
Tengo
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 $‍714,000 from the bank
years
months
Mortgage from TBC Bank
from
9,9
%
interest
rate
from
11,93
%
effective interest
rate
≈ $
62 739
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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