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Land for sale in Chakvi, 4,600 m² for $450,000

$‍‍450,000
$
4 600 m2
land area
area
Listed
Listed
Yesterday, 16:06
Updated
Updated
Yesterday, 16:06

Description from the seller

Investment Opportunity: Luxury Hotel Project in Chakvi Prime Development Land with Approved Project & Significant Expansion Potential This is a rare opportunity to acquire a shovel-ready development site in the rapidly growing coastal destination of Chakvi. Located just 1,000 meters from the Chakvi Justice House, this plot offers the perfect balance of administrative convenience and resort-style potential. Project Highlights: • Current Status: fully approved luxury hotel project • Approved Construction Area: 4,600 m2 (total gross build area) • Expansion Potential: feasibility study indicates the possibility to extend the total construction size up to 12,000 m2, significantly increasing the project's ROI and scale • Location: strategically positioned in Chakvi, a high-demand area known for its lush greenery and proximity to the Black Sea coastline The Location: Chakvi is quickly becoming the preferred destination for high-end tourism and wellness retreats. Its location between the bustling energy of Batumi and the serene Botanical Gardens makes it an ideal spot for a luxury hotel catering to both international tourists and regional business travelers. Financial Details: • Asking Price: 450,000 $ • Terms: open to negotiations for serious investors Investment Analysis: With the ability to nearly triple the construction footprint to 12,000 m2, this plot represents one of the most competitive price-per-square-meter opportunities in the Adjara region. Whether you choose to execute the existing luxury plans or scale up to a massive resort complex, the infrastructure and location are primed for success.
Speaks: english, русский, українська

Plot location

Chakvi
, 4th St

Contact seller

Larry Strawson
Larry Strawson
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 $‍382,500 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
33 592
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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