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Commercial property for sale: 670 m² in Batumi, Alexander Kazbegi St, 17-19 – $1,450,000

Alexander Kazbegi St
$‍‍1,450,000
$‍2,164 per m2
$
670 m2
total area
area
4 floor
out of 4
out of 4
Number of bedrooms
Bedrooms
6 bedrooms
Living area
Living area
670 m2
Listed
Listed
8 days ago
Updated
Updated
8 days ago

Description

The house is located in the Old Batumi district, at Aleksandre Kazbegi st, 9 Land plot – 375 sq. m (backyard – 200 sq. m) Total building area – 670 sq. m Ceiling height – 3.8 m (4 m without floor screed) The house includes 12 rooms, including 5 bedrooms (3 on the third floor and 2 on the fourth), as well as a study, a kitchen with a dining area, and a 50 sq. m hall. On the fourth floor, there is a 70 sq. m studio-style living room (along with 2 bedrooms). The first floor features a reception area, a technical room, and a 67 sq. m commercial space (currently rented for $1000) with a private entrance from the street. In the yard, there is a 90 sq. m veranda with access from the second floor and a staircase from the yard. An isolated kitchen is located on the first level of the veranda. There are 7 bathrooms in total: • first floor, in the yard – 3 separate toilets • technical room – shower • second floor – bathroom with a jacuzzi and toilet in one space (36 sq. m) • third floor – bathroom and toilet • fourth floor – toilet Every floor has balconies on both the front and back sides. The property is situated in a prime tourist zone and can be used for either residential purposes or as a hotel. Additionally, it is possible to add 2 more floors – a structural plan exists, and the foundation is designed to withstand the extra load.
Property ID: 818067ID specified by the author: 818067
Gia Komakhidze
Gia Komakhidze
Agent
Agent
Speaks: ქართული, русский, english

Building and location

Alexander Kazbegi St, 17-19
Batumi, Rustaveli District
15 floors
Completed in 2020
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 $‍1,232,500 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
107 099
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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