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Commercial property for sale: 1,223 m² in Batumi, Aquamarine Residence – $400,000

$‍‍400,000
$‍327 per m2
commission-free
₾
$
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 🏨 Sale of the 18th floor and rooftop for a hotel project development A commercially promising property is offered for sale 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 Potential use: creating hotel room inventory, organizing an apart-hotel, or developing a hospitality product under your own concept. 2. Complex Rooftop — $400,000 Opportunity to create additional commercial infrastructure: • swimming pool • rooftop bar • BBQ area • space for leisure and events Subject to technical conditions and approvals, the rooftop can become a key addition to the project's investment concept. Investment Advantages ✓ seaside location ✓ opportunity to implement your own hotel project ✓ potential for multiple revenue streams ✓ option for a combined purchase of the 18th floor and rooftop ✓ on-site parking Price 18th floor — $1,500,000 Rooftop — $400,000 Total price for both properties — $1,900,000. 📍 Aquamarine, Batumi, Georgia 📩 For purchase inquiries and further information, please message us
Property ID: 953007ID 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 $‍340,000 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
29 482
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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