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Commercial property for sale: 65.7 m² in Batumi, Porta Batumi Tower – $235,500

$‍‍235,500
$‍3,584 per m2
₾
$
Office
property type
property type
65.7 m2
total area
area
36 floor
out of 43
out of 43
Listed
Listed
3 days ago
Updated
Updated
3 days ago

Description

🏢 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.* 📱 WhatsApp, Telegram 🤝 We cooperate with brokers
Property ID: 1034258
Sold Out Commercial Fedor
Sold Out Commercial Fedor
Agent
Agent
Speaks: русский, english

Building and location

Egnate Ninoshvili St, 2
Batumi, Old City, Porta Batumi Tower
43 floors
Completed in 2016
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 $‍200,175 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
17 357
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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