📍 Property
Location: Gldani
Area: 101.7 m²
Floor: 1 / 16
Surroundings: near Carrefour and Agrohub — high commercial traffic
📄 Lease Agreement
Tenant: Pharmadepot — a large and stable pharmacy chain
Term: 10 years
Rent: $22 per m², including VAT
Rent review is scheduled in 3–5 years
💰 Financial Indicators
Sale Price: $350,000
Monthly Rent: 101.7 × 22 = $2237.4
Annual Income: $26,848.8
Yield (ROI): 26,848.8 / 350,000 ≈ 7.67% per annum
For Tbilisi, a property with a tenant like Pharmadepot and a yield of 7.5–8% is considered very solid, especially with a long-term contract.
⭐ Pros
• reliable tenant
• long-term agreement
• rent increase after 3–5 years
• strong commercial area
• ground floor, high foot traffic