🏢 Porta Batumi Tower
Office Space | Ready Rental Business
For sale: 65.7 m² office space with an active tenant — Sold Out company.
This is a turnkey rental business: the premises are already leased and generating income.
📍 4-6 Rustaveli Ave, Batumi
🌊 Panoramic sea view
💼 Work areas and meeting rooms
🛋 Lounge area
☕ Mini-kitchen
🚻 Restroom
📄 Active lease agreement — until December 2027.
Renewal is expected with approximately 99% probability based on the current tenant's assessment.
💵 Rent — $1,500 per month + VAT
💰 Sale price — $235,500 + VAT
📐 Area — 65.7 m²
🏷 Price per m² — approx. $3,584 + VAT
📊 Gross rental income — $18,000 per year
📈 Gross yield — approx. 7.64% per annum
📉 Scenario XIRR for 5 years:
• approx. 7.9% per annum — without appreciation of the property
• approx. 12.4% per annum — with a conditional 5% annual appreciation
*XIRR is calculated based on monthly rental payments over a 5-year horizon. Scenarios assume lease renewal at the current rate, no vacancy, and no owner expenses; exit price is either without growth or with 5% annual growth. Figures are calculated excluding VAT.*
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