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Commercial property for sale: 4,300 m² in Batumi, Konstantine Gamsakhurdia St – $20,000,000

Konstantine Gamsakhurdia St
$‍‍20,000,000
$‍4,651 per m2
$
Hotel
property type
property type
4 300 m2
total area
area
5 floor
out of 5
out of 5
Listed
Listed
5 days ago
Updated
Updated
5 days ago

Description

Golden Palace Batumi is a premium multifunctional commercial property in the heart of Batumi, combining a hotel, casino, and restaurant space into a single concept. The complex includes 51 fully equipped rooms, a casino of approximately 700 m² with a VIP zone, a restaurant, and a total area of about 4,300 m². The facility is fully equipped and ready for immediate operational resumption, allowing an investor to launch the business and generate income in the shortest possible time. A key advantage of the project is a potential tenant for the casino, ready to pay $100,000 monthly upon signing a lease agreement. This creates a predictable and stable cash flow, representing a potential annual income of approximately $1.2 million from the casino lease alone. The strategic location in central Batumi, developed tourist infrastructure, high demand for hotels and the entertainment industry, ready-to-use infrastructure, and significant development potential make Golden Palace Batumi one of the most attractive investment opportunities in the Georgian real estate market. Contact for more details, price is negotiable.
Property ID: 871768ID specified by the author: 871768
Gia Komakhidze
Gia Komakhidze
Agent
Agent
Speaks: ქართული, русский, english

Building and location

Batumi, Old City
, Konstantine Gamsakhurdia 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 $‍17,000,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
1 477 232
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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