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5,100 m² land plot for sale in Chakvi for $700,000

Цихисдзири, 1
$‍‍700,000
commission-free
$
5 100 m2
land area
area
Listed
Listed
317 days ago
Updated
Updated
Today, 13:37

Description

Investment Project — 10 Premium Villas | Petra Villas Land plot with a ready-to-build project for 10 premium three-story villas with a total living area of approximately 3,000 sq. m. The villas offer panoramic views of the sea and mountains. The project features spacious terraces with jacuzzis and outdoor kitchens. The architectural concept is designed in a classic style with elements of luxury castle aesthetics. Project infrastructure: • infinity pool • fitness gym • parking • reception • 24/7 security The project is already underway: excavation works have started, and 50% of the retaining wall is completed. Documentation: • architectural and structural designs • expertise report • construction permit • cadastral documents • individual cadastral codes for each villa • contracts with contractors A turnkey development project for 10 villas with a well-thought-out concept, complete documentation, and immediate potential for further development.
Property ID: 342701ID specified by the author: 4156ОВ

Plot location

Batumi
, Цихисдзири, 1

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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