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1.5 ha land plot for sale in Chakvi for $530,000

Apsarosi 2nd Dead End, 18
$‍‍530,000
commission-free
$
15 000 m2
land area
area
Listed
Listed
Today, 13:29
Updated
Updated
Today, 13:29

Description

There is a ready-to-launch development project for the construction of a 12-house cottage community. We are currently looking for a financial partner to participate in the project. The concept is simple and straightforward. A land plot is acquired, the houses are built, and then sold on the open market. This is a standard real estate development model successfully used in many countries. Key figures: • land acquisition — $530,000 • planned development — 12 cottages • estimated selling price per house — from $200,000 If the entire project is completed and sold, total revenue is expected to reach approximately $2,400,000. After construction costs, sales expenses, taxes, and other project-related costs, the estimated profit is approximately $1,100,000. How the project will be developed There is no need to build all 12 houses at once. The plan is: • acquire the land • begin construction of the first houses • start sales • finance the next stages of construction using proceeds from sales This allows the project to be developed gradually. Our role Our team takes full responsibility for managing and executing the project: • design and planning • construction • marketing and sales • legal structuring and documentation • financial reporting The partner participates financially and receives a 50/50 share of the project results from the sale of the houses. All financial transactions will be conducted officially through a legal entity with transparent accounting and reporting. We can provide: • exact location of the land plot • development master plan • detailed financial calculations • project implementation stages If you are interested, please send your WhatsApp number or Telegram username, and we will send you the full project information.
Property ID: 850901
Дмитрий
Дмитрий
Agent
Agent
Speaks: ქართული

Plot location

Apsarosi 2nd Dead End, 18
Batumi
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 $‍450,500 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
39 147
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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