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Commercial property for sale: 670 m² in Batumi, 26 May St, 43 – $1,450,000

26 May St, 43
$‍‍1,450,000
$‍2,164 per m2
$
670 m2
total area
area
4 floor
out of 4
out of 4
Ceiling height
Ceiling height
3.8 m
Additional
Additional
Balcony
Listed
Listed
5 days ago
Updated
Updated
5 days ago

Description

The house is located in the Old Batumi district, specifically at Alexander 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. The fourth floor features a 70 sq. m studio-style living room (which also includes 2 bedrooms). The first floor contains a reception area, a technical room, and 67 sq. m of commercial space (currently rented for $1000) with a private entrance from the street. In the yard, there is a 90 sq. m veranda accessible from the second floor and via stairs from the yard. The first level of the veranda houses a separate isolated kitchen. There are 7 bathrooms in total: • on the first floor, in the yard – 3 separate toilets • in the technical room – a shower • on the second floor – a bathroom with a jacuzzi and a toilet in one space (36 sq. m) • on the third floor – a bathroom and a toilet • on the fourth floor – a toilet All floors have balconies on both the front and back sides. The property is located in a tourist zone and can be used for residential purposes or as a hotel. It is also possible to add 2 additional floors – a structural plan exists, and the foundation is designed to withstand the extra load.
Property ID: 842398
+995593441615
+995593441615
Agent
Agent
Speaks: ქართული

Building and location

26 May St, 43
Batumi, Rustaveli District
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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