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Commercial property for sale: 956.8 m² in Batumi, Memed Kontselidze St, 1 – $1,400,000

Memed Kontselidze St, 1
$‍‍1,400,000
$‍1,463 per m2
commission-free
$
956.81 m2
total area
area
1 floor
out of 3
out of 3
Facade property
Facade
Yes
Listed
Listed
5 days ago
Updated
Updated
5 days ago

Description

🔥 Ready-to-operate rental business and investment project by the sea in Batumi! A 3-story commercial building with guaranteed passive income for sale in the developing area of Makhinjauri. Key Information: Address: 1, Israfil Djincharadze St, Batumi Total area: 956.81 m² Price: $1,400,000 Structure and Floor Description: 1st floor (109.39 m²) — Ready income: • Leased long-term to the major pharmacy chain Aversi • 10-year lease agreement in place • Stable rental flow: $3,000 / month ($36,000 per year) 2nd floor (431.85 m²) — Residential / Hotel stock: • 8 separate apartments in total • 4 apartments — fully renovated, ready for rent or living • 4 apartments — in "white frame" condition (ready for final finishing) 3rd floor + Mezzanine (415.57 m²) — Versatile space: • Duplex (295.66 m²) + Mezzanine (119.91 m²) • Condition — "black frame" • Ideal for a penthouse, panoramic restaurant, apart-hotel, or office co-working space Why is this a great investment? • Immediate ROI: earn $3,000/month from day one thanks to the anchor tenant • High capitalization potential: finishing the 2nd-floor apartments and developing the 3rd floor can increase total income by 2–3 times • Location: promising Makhinjauri district with high traffic and proximity to the sea An excellent option for investors seeking a combined asset: stable cash flow + developing rental business. 📞 Call or message via WhatsApp / Telegram for more details and to arrange a viewing!
Property ID: 841725ID specified by the author: 1241
Olga Koval
Olga Koval
Agent
Agent
Speaks: русский, українська, english

Building and location

Memed Kontselidze St, 1
Batumi, Mtsvane Kontskhi
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 $‍1,190,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
103 406
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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