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Land for sale in Batumi, 997 m² for $400,000

Ioseb Noneshvili Street, 55
$‍‍400,000
commission-free
$
997 m2
land area
area
Listed
Listed
Today, 17:07
Updated
Updated
Today, 17:07

Description from the seller

A plot of land with a private house (for demolition) and a ready-made project for the construction of a 6-storey residential building is for sale. It is located 300 meters from Batumi Island, which is under construction. The total area of the plot is 997 m². The permitted building area is about 1550 m². A building permit has been obtained. All communications are close by. The area is actively developing — an excellent investment for a residential building or an apartment hotel. Lot 4222YUT

Plot location

Batumi, Tamar Settlement
, Ioseb Noneshvili Street, 55

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 $‍340,000 from the bank
years
months
Mortgage from TBC Bank
from
9,9
%
interest
rate
from
11,93
%
effective interest
rate
≈ $
29 876
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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