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Commercial property for sale: 500 m² in Batumi, Iakob Gogebashvili St – $1,800,000

Iakob Gogebashvili St
$‍‍1,800,000
$‍3,600 per m2
$
Cafe
property type
property type
500 m2
total area
area
1 floor
out of 5
out of 5
Number of bathrooms
Bathrooms
2 bathrooms
Living area
Living area
500 m2
Listed
Listed
Today, 11:49
Updated
Updated
Today, 11:49

Description

Commercial space for sale 📍 Batumi, Gogebashvili, 2 – in the most active tourist area ▪️ 200 m² ▪️ -1 and 1 floors ▪️ 2 bathrooms ▪️ Operating restaurant The premises are rented out for $3,000 per month. The lease agreement is valid until the end of 2027. Negotiations with tenants regarding contract termination are possible if desired. Potential to develop outdoor space — up to 400 m² for a terrace. There is an approved project for a two-story terrace with usage rights for 30 years. Total development potential of the property: approximately 500 m². The space has undergone complete reconstruction — all utilities have been fully updated (ventilation/exhaust system, electrical wiring, cables, switches), new walls have been built, and the entire area is completely renovated. 💰 Price: $1,800,000 Price is negotiable 🔥
Property ID: 819179ID specified by the author: 819179
Gia Komakhidze
Gia Komakhidze
Agent
Agent
Speaks: ქართული, русский, english

Building and location

Batumi, Old City
, Iakob Gogebashvili St

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 $‍1,530,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
132 951
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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