1/10

Commercial property for sale: 490 m² in Batumi, Merab Kostava St, 13 – $1,670,000

Merab Kostava St, 13
$‍‍1,670,000
$‍3,408 per m2
commission-free
$
Hotel
property type
property type
490 m2
total area
area
4 floor
out of 5
out of 5
Facade property
Facade
Yes
Additional
Additional
Balcony
Listed
Listed
Yesterday, 12:57
Updated
Updated
Yesterday, 12:57

Description

A functioning hotel is for sale in Old Batumi, in a prestigious area just a few meters from the sea. The hotel was built in 2013 and continues to be rented consistently. The building is four stories high, with an open terrace on the fifth floor offering stunning panoramic views of the sea and mountains. The rooms also offer direct views of the square, adding a special charm to the property. The hotel has 15 rooms. Currently, it requires a major renovation, which will give the new owner the opportunity to update it to their vision and standards. 📍 Total area: 490 sq. m 💰 Price: $1,670,000 📅 The hotel is leased until the end of September 2026, which is an additional advantage for the investor. Location: • Cathedral of the Nativity of the Blessed Virgin Mary — 5-minute walk • Neptune Fountain — 10-minute walk • Dolphinarium — a couple of minutes' walk from the hotel • Gogebashvili St. bus stop and Restaurant on the Beach — just 400 meters from Ponto Vechio Message me on WhatsApp
Property ID: 787953
Andrew
Andrew
Agent
Agent
Speaks: русский

Building and location

Merab Kostava St, 13
Batumi, Old City
All listings for sale

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 $‍1,419,500 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
123 349
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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