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Commercial property for sale: 3,745 m² in Tbilisi, Kote Apkhazi St – $16,000,000

Kote Apkhazi St
$‍‍16,000,000
$‍4,272 per m2
$
Hotel
property type
property type
3 745 m2
total area
area
8 floor
out of 8
out of 8
Listed
Listed
Today, 10:33
Updated
Updated
Today, 10:33

Description from the seller

A 75-room hotel for sale in the center of Tbilisi, Sololaki, on K. Abkhazi Street, one of the most prestigious and touristically active locations. It is distinguished by its modern design and unique architecture. The building is fully equipped with all necessary appliances and equipment. This is a rare opportunity to purchase a ready-made, operating business in one of the most sought-after places in Tbilisi. Eco-friendly environment, uninterrupted fast internet, unique location, sweet sleep, extra large king-size beds, and easy check-in & out. This is an incomplete list of the values that guests will find at Glarros OldTown. The hotel concept is inspired by the synthesis of unique architecture and modernity of Old Tbilisi, expressed in every detail of the interior. The brass spiral staircase, mosaic-lined interior, wooden parquet, and other design solutions emphasize the architecture and authenticity of the area. The hotel features 75 exclusive design rooms, which use visuals created by world-leading designers such as Le Corbusier. The hotel also features a Georgian-European restaurant, Gastromania, a meeting room, a business center, and an open cafe offering an express concept.
Speaks: ქართული, русский, english, türkçe, العربية

Building location

Tbilisi, Mtatsminda District
, Kote Apkhazi St

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 $‍13,600,000 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
1 194 391
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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