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3,845 m² land plot for sale in Chakvi for $30,000,000

Tamar Mepe Ave, 7
$‍‍30,000,000
commission-free
₾
$
3 845 m2
land area
area
Listed
Listed
Yesterday, 15:12
Updated
Updated
Yesterday, 15:12

Description

🏗 Two Investment Development Projects — Block A and Block B Two large-scale residential development projects are offered for sale, with a combined gross building area of more than 94,000 m². Block A already has an approved architectural design and construction permit, while Block B is currently in the documentation approval stage. 💰 Total asking price for both projects: $30,000,000 Block A 📐 Land plot area: 1,640 m² 🏗 Gross Building Area (GBA): 40,321 m² 🏠 Saleable area: 24,900 m² 💰 Projected revenue: $74,209,430 💸 Total development costs: $43,935,171 📈 Expected gross profit: $30,274,259 💰 Project price: $12,000,000 📄 Status: architectural design approved and construction permit obtained. Block B 📐 Land plot area: 2,205 m² 🏗 Gross Building Area (GBA): 53,770 m² 🏠 Saleable area: 32,132 m² 📈 Expected gross profit: $38,211,120 💰 Project price: $18,000,000 📄 Status: documents have been submitted for architectural approval and issuance of the construction permit. Combined Figures 📐 Total land area: 3,845 m² 🏗 Total Gross Building Area: 94,091 m² 🏠 Total saleable area: 57,032 m² 💰 Projected combined revenue: $172,999,030 💸 Total estimated development costs: $104,513,651 📈 Expected combined gross profit: $68,485,379 💰 Total asking price: $30,000,000
Property ID: 925175
Maksim V.
Maksim V.
Agent
Agent
Speaks: русский

Plot location

Tamar Mepe Ave, 7
Batumi, Mtsvane Kontskhi
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 $‍25,500,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
2 215 848
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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