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Commercial property for sale: 500 m² in Tbilisi, Mikheil Burdzgla St, 20 – $960,000

Mikheil Burdzgla St
$‍‍960,000
$‍1,920 per m2
$
Hotel
property type
property type
500 m2
total area
area
1 floor
out of 2
out of 2
Developer
Developer
Year of construction
Year of construction
2010
Listed
Listed
Today, 10:42
Updated
Updated
Today, 10:42
Property ID
Property ID
39820

Description from the seller

📍 Saburtalo – 480 m² multifunctional commercial space Key information: • floor: 2 • condition: standard renovation • type: former hotel property • total area: 480 m² 💰 Financial terms: • sale price: 2,000 $/m² • total value: 1,500,000 $ • rental price: 15,000 $/month 📊 Investment calculation: • annual income: 180,000 $ • estimated ROI: ~12% • potential for stable long-term income • high-liquidity commercial asset Layout: • 16 isolated rooms • average room size – 15 m² • reception area – 12 m² • rooms can be merged with flexible replanning based on business needs Ideal for: • office center • clinic and medical facility • educational/training center • hotel and hostel • call center • corporate representation Advantages: ✔ roadside location – maximum visibility ✔ commercially active and high-demand area ✔ multifunctional usage possibilities ✔ easy transport accessibility ✔ high rental and capitalization potential For additional questions, please contact me
Speaks: ქართული

More about the house

Mikheil Burdzgla St, 20
6 floors
Delivered
Apartments from the developer are sold

Contact seller

Giorgi Capital Property
Giorgi Capital Property
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 $‍816,000 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
71 663
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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