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Commercial Property for Sale: 1143m² in Batumi, Alliance Palace – $3 200 000

Sherif Khimshiashvili St, 5
Batumi, Khimshiashvili District
‍‍8 979 840 ₾
‍7 857 ₾ per m2
0% commission
$
Hotel
purpose
purpose
1 143 m2
total area
area
1 floor
out of 41
out of 41
Feature of the layout
Layout
Hotel
Project
Project
Developer
Developer
Year of construction
Year of construction
2019
Listed
Listed
9 November 2024
Updated
Updated
17 December 2024

Description from the seller

Hotel for sale. 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, 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.

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 ‍7 632 864 ₾ from the bank
years
months
Mortgage from TBC Bank
14,5
%
annual interest
rate
687 130
payment for
month
16,97
%
effective interested rate that linked to a public
index
9 592 536
total for real
estate
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