600 m² land plot for sale in Chakvi for $500,000

Mikhail Lermontov St, 22
$‍‍500,000
commission-free
₾
$
600 m2
land area
area
Listed
Listed
5 hours ago
Updated
Updated
5 hours ago

Description

I am not just selling a plot. I am selling a ready-to-build project by the sea. Price: $500,000 The facts: • Status: multifunctional building — suitable for a hotel, guest house, or apartments • Non-agricultural status. Project is approved • 4 floors, 820 sq. m of total area excluding balconies; balconies on two additional floors • First floor — 5 meters high: lobby, restaurant, spa, or commercial space • Remaining floors — 3.2 meters high: the kind of spaciousness guests pay for • All utilities are connected; septic and sewage systems are completed Addressing the skeptics: "Not enough space?" — You can purchase the adjacent 600 sq. m non-agricultural plot and build a second block. There is plenty of room to grow. "What if I want apartments instead of a hotel?" — The road width is 10 meters, and the coefficients allow for conversion into an apartment building with parking around it. "What is the catch?" — This is not just a marketing render; it is an approved project 200 meters from the sea. The rest is just construction and profit. Selling as the owner. I can provide all documents, the project, and financial figures. Video available upon request. Message me to discuss.
Property ID: 1037284
Оксана
Оксана
Agent
Agent
Speaks: english

Plot location

Mikhail Lermontov St, 22
Kobuleti
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 $‍425,000 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
36 852
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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