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5-BR cottage for sale in Batumi, Grigol Eliava St, 36 — 1,080 m² for $1,500,000

$‍‍1,500,000
$‍1,389 per m2
$
1 080 m2
house area
house
1 054 m2
land area
plot
1 floor
in the house
in the house
Type of house
Type of house
cottage
Number of rooms
Rooms
5 rooms
Number of bedrooms
Bedrooms
4 bedrooms
Number of bathrooms
Bathrooms
3 bathrooms
Listed
Listed
Yesterday, 16:06
Updated
Updated
Yesterday, 16:06

Description from the seller

Investment cottage cluster for sale on the New Boulevard 🏝 📍 Location: New Boulevard 🌿 Plot area: 1054 m² 📐 Total building area: 1080 m² (including terraces) Cluster composition (8 cottages): • 5 cottages – 120 m² each • 1 cottage – 130 m² • 1 cottage – 250 m² • 1 cottage – 100 m² Infrastructure and territory: • there is a swimming pool on the territory (approximately 11x4 m) • high-quality landscaping with unique plants • fully closed and private environment ensuring maximum seclusion Condition and potential: The properties require renovation, which is the key factor for future value growth. The project offers several monetization strategies: • Rental business: creating a stylish "villas by the sea" complex for daily or medium-term rentals with high rates • Flipping: renovation and subsequent individual resale of packaged units • Boutique hotel: ready-made base for launching an apart-hotel under own or external management • Club project: creation of an exclusive lifestyle product with a unified concept and design This property is a rare investment opportunity in one of Batumi's most dynamically developing locations. 💰 Price: 1,500,000 $ (VAT included)
Speaks: русский

Building and location

Grigol Eliava St, 36
Batumi, Airport District
All listings for sale

Contact seller

Igor FreeDom
Igor FreeDom
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 $‍1,275,000 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
111 974
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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