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Commercial property for sale: 1,700 m² in Makhinjauri, Tamar Mepe Avenue, 21 – $850,000

$‍‍850,000
$‍500 per m2
$
Hotel
property type
property type
1 700 m2
total area
area
3 floor
out of 3
out of 3
Ceiling height
Ceiling height
3 m
Listed
Listed
Today, 08:22
Updated
Updated
Today, 08:22

Description from the seller

For Sale: Operating 16-Room Hotel in Batumi — 1700 m² Annual Net Profit: $150 000 A fully operational, well-equipped hotel in Batumi is offered for sale. The property includes 16 rooms and a total area of 1700 m². The hotel operates stably and provides high profitability with minimal owner involvement. Financial Indicators: Even with an average occupancy of 40%: Annual revenue — $160 000 Net profit — $150 000 The hotel operates without any external advertising or marketing (Booking, Airbnb, etc.), highlighting its natural demand and steady visitor flow. This proves the strong attractiveness of the location and the property itself. Growth Potential: With professional management, integration into Booking/Airbnb, and well-planned marketing, the occupancy rate could double. The hotel can fully pay back its cost in less than 5 years, generating pure profit afterward. Key Features: 1700 m² total area 16 fully furnished and comfortable rooms Located in a highly active tourist area, close to the sea Furniture, appliances, and all communications included in the price All documents are in perfect order, with no liabilities Purchase with a legal entity is also possible Price: $850 000 — urgent sale Market value: $1 500 000+ The owners are permanently abroad (Moscow, China), which makes daily management impossible, and therefore they have decided to sell quickly.
Speaks: ქართული

Building location

Makhinjauri
, Tamar Mepe Avenue, 21

Contact seller

Tengo
Tengo
Agent
Agent

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 $‍722,500 from the bank
years
months
Mortgage from TBC Bank
from
9,9
%
interest
rate
from
11,93
%
effective interest
rate
≈ $
63 486
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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