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Commercial Property for Sale: 1143m² in Batumi, Alliance Palace – $3 500 000

Sherif Khimshiashvili St, 5
Batumi, Khimshiashvili District
‍‍9 562 980 ₾
‍8 366 ₾ per m2
0% commission
₾
$
Hotel
property type
property type
1 143 m2
total area
area
37 floor
out of 41
out of 41
Project
Project
Developer
Developer
Listed
Listed
9 December 2023
Updated
Updated
20 March 2025

Description from the seller

For sale is a hotel in the Alliance Palace complex, which occupies the entire 37th floor in its entirety. The total area of the hotel is 1143 m2 and consists of 23 apartments as well as an office and laundry. Of the 23 apartments, there is 1 duplex (on the 37th and 38th floors), 7 apartments with 1 bedroom (1+1), 11 studios, and 4 deluxe studios (spacious studios with Jacuzzi). The hotel has been in operation since summer 2022, and due to the presence of a casino in the complex, the apartments are in demand all year round.
Elias
Elias
Agent
Agent

Building location

Batumi, Khimshiashvili District,
Sherif Khimshiashvili St, 5

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 ‍8 128 533 ₾ from the bank
years
months
Mortgage from TBC Bank
from
12,9
%
interest
rate
from
15,02
%
effective interest
rate
≈
725 637
₾
payment for
month
10 142 091
₾
total for real
estate
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 — TIBR1M. An additional fee for life/property insurance is added to the monthly payment.

Contact seller

Elias
Elias
Agent
Agent
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