Commercial Property for Sale: 395m² in Tbilisi, Tsernaki Street – $500 000

Apartment Hotel for sale in Isani district, Tbilisi, on Tsernaki Street. The facility is located within walking distance from the metro station, which provides convenient transport accessibility for guests. Seven other hotels are also located around, which creates a popular and developed infrastructure for tourists and business travelers. This is a separate 3-storey building with a basement with a total area of 395.92 sq.m. The hotel has 14 fully equipped apartments, each with its own bathroom. Apartments are rented for long-term rent at a price of $300-400 per month. The building was fully renovated in December 2023, which makes it attractive to investors without requiring additional investments for repairs. The basement area is 78.71 sq.m., the 1st floor is 91.93 sq.m., the 2nd floor is 108.24 sq.m., the 3rd floor is 117.04 sq.m., there is also a spacious 100 sq.m. veranda and a courtyard of 70 sq.m. This property is an excellent business investment with a return on investment of about 10 years when renting out apartments for long-term rent. When renting a day, the income can be significantly higher. Price: $500,000. Don't miss your chance to own this wonderful property! Contact us for more information and to arrange a viewing.