1/11

Commercial property for sale: 29 m² in Batumi, Niko Pirosmani St, 6 – $120,000

Niko Pirosmani St, 6
$‍‍120,000
$‍4,138 per m2
commission-free
$
Office
property type
property type
29 m2
total area
area
1 floor
out of 1
out of 1
Ceiling height
Ceiling height
3 m
Facade property
Facade
Yes
Listed
Listed
2 days ago
Updated
Updated
2 days ago

Description

Ready-to-use rental business for sale: 29 m² commercial space with tenant Excellent investment opportunity in commercial real estate with a guaranteed rental stream. A storefront commercial property for sale featuring high-quality renovation, panoramic glazing, and an active tenant. The property generates stable passive income from day one. Main characteristics: • total area: 29 sq. m • format: detached commercial pavilion • entrance: separate street-front entrance • glazing: panoramic storefront facade • condition: fresh high-quality renovation, fully equipped • infrastructure: private bathroom (Roca plumbing), all utilities connected • equipment: fully furnished with office furniture Financial indicators and investment attractiveness: • property value: $120 000 • current rental income: $800 / month ($9 600 per year) • gross yield: 8.0% per annum • payback period: 12.5 years (excluding property appreciation) • price per sq. m: $4 138 / m² • rental rate per sq. m: $27.6 / m² Property advantages: • ready-to-go passive income: the space is already rented out, and the tenant consistently meets their obligations. No additional investment in renovation or furniture is required. • liquid format and versatility: thanks to the panoramic facade, separate entrance, and private bathroom, the property is easily adaptable for any business — sales office, customer service department, beauty studio, showroom, or a to-go coffee shop. • high investment reliability: the small size (29 m²) ensures consistently high demand among tenants and minimal risk of vacancy. Call or message us to receive detailed information and schedule a viewing!
Property ID: 897922
Niko
Niko
Realtor of the agency Niko
Realtor of the agency Niko
Speaks: ქართული, русский

Building and location

Niko Pirosmani St, 6
Batumi, Khimshiashvili District
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 $‍102,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
8 863
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.
Do you like this property?
Add to favorites so you will not lose it or send a link to someone who helps you with the choice of housing
How can we improve this page?