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Commercial property for sale: 222 m² in Tbilisi, m³ Saburtalo – $700,000

Marshal Gelovani Ave, 28 (Блок 14)
$‍‍700,000
$‍3,153 per m2
commission-free
$
222 m2
total area
area
Listed
Listed
380 days ago
Updated
Updated
Today, 11:47

Description

🏢 Investment commercial space for sale in a premium location — already leased to Carrefour We present a corner universal commercial space in the new, rapidly developing residential district of m³ Saburtalo, where 11 apartment blocks have already been completed. The property is a ready-made investment asset, as it is leased to Carrefour on a long-term basis. 📍 Address: m³ Saburtalo, Tbilisi Located between Gelovani Avenue and Bakradze Street, in a modern residential complex spread over 11.5 hectares on the right bank of the Mtkvari River, just 900 meters from the Tiger and Knight monument. Project advantages: • 11 completed residential buildings • central park with a boulevard and bike paths • sports grounds • recreational and entertainment spaces • picnic and BBQ zones • constantly growing population and high commercial potential 💰 Price: 700,000 $ ✅ The property is registered under LLC ownership, providing the buyer with a significant tax advantage. Out of 700,000 $, the amount of 126,000 $ (18% VAT) is refundable to the company's account. Accordingly, the effective cost of the space is approximately 574,000 $. Rental income: 💵 Current rent: 7,200 GEL/month (excluding VAT) 📈 The lease agreement provides for an annual rent increase of 4% (excluding VAT). Why is this a good investment? ✅ long-term lease with an international brand (Carrefour) ✅ stable monthly income ✅ annual 4% rent growth ✅ 18% VAT refund opportunity for companies ✅ new, rapidly developing residential area ✅ high capitalization potential This is a rare opportunity to acquire a ready-to-income commercial asset that combines a reliable tenant, a growing location, and significant tax benefits.
Property ID: 225851

Building and location

Marshal Gelovani Ave
Tbilisi, Saburtalo District, m³ Saburtalo, Block 14
11 floors
Under construction, delivery in 2027
All listings for sale

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 $‍595,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
51 703
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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