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Commercial property for sale: 1,223 m² in Batumi, Aquamarine Residence – $1,500,000

$‍‍1,500,000
$‍1,226 per m2
commission-free
₾
$
Hotel
property type
property type
1 223 m2
total area
area
18 floor
out of 18
out of 18
Listed
Listed
4 days ago
Updated
Updated
4 days ago

Description

Investment Property in Batumi | Aquamarine 🏨 For sale: 18th floor and rooftop for hotel project development Commercial investment opportunity in the Aquamarine complex, located near the sea in Batumi. This property is ideal for investors looking to develop a hotel business, create an apart-hotel, or implement a comprehensive hospitality project. 1. 18th Floor — $1,500,000 • 9 apartments per floor • apartment sizes — from 40 to 174 m² • sea view • utilities connected • ready for renovation works Potential use: creating room inventory, organizing an apart-hotel, or building a hotel product under your own concept. 2. Complex Rooftop — $400,000 Opportunity to create additional commercial infrastructure: • swimming pool • rooftop bar • BBQ area • lounge and event space Subject to technical conditions and approvals, the rooftop can become a key addition to the project's investment concept. Investment Advantages: ✓ prime location near the sea ✓ potential for a custom hotel project ✓ multiple income stream opportunities ✓ combined purchase of the 18th floor and rooftop available ✓ on-site parking Price: 18th Floor — $1,500,000 Rooftop — $400,000 Total price for both units — $1,900,000 📍 Aquamarine, Batumi, Georgia 📩 For purchase inquiries and further information, please message us
Property ID: 952906ID specified by the author: 601702

Building and location

Grigol Eliava St, 49a
Batumi, Airport District, Aquamarine Residence
18 floors
Completed in 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 $‍1,275,000 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
110 557
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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