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12 ha land plot for sale in Chakvi for $22,000,000

Shekvetili — Kobuleti — Chakvi — Makhinjauri, 20
$‍‍22,000,000
$
120 000 m2
land area
area
Listed
Listed
Yesterday, 19:34
Updated
Updated
Yesterday, 19:34

Description

This non-agricultural land plot located on the first line of the sea in Shekvetili is a truly high-class, strategic commercial asset. As Shekvetili is one of the fastest-growing tourist zones on the Black Sea coast, such land is characterized by versatile business potential. Here are the commercial directions you can develop or offer to a potential buyer: 1. Hotel and Accommodation Facilities • Premium hotel: the first line of the sea is ideal for building a hotel complex with its own beach and infrastructure. • Cottages and glamping: eco-friendly, high-class wooden cottages or luxury tents, which are very popular today in the pine forests of Shekvetili. • Apart-hotel: a multi-apartment residential residence where apartments are sold as investment properties for subsequent rental to tourists. 2. Entertainment and Leisure Infrastructure • Open-air lounge and bar: a summer club, beach bar, or restaurant with a sea view. • Wellness and spa center: considering the healing properties of Shekvetili's magnetic sands and pine air, a wellness center will be in high demand. • Children's and family space: entertainment playgrounds, as Shekvetili is primarily considered a family recreation zone (due to its proximity to the Black Sea Arena and Tsitsinatela). 3. Advantages of Non-Agricultural Status • Foreign investors: non-agricultural status means that the land can be purchased by foreign citizens and foreign companies without any legal barriers. • Construction permit: obtaining a building permit and approving a commercial project on a plot with this status is a significantly simpler and faster process.
Property ID: 825584

Plot location

Shekvetili — Kobuleti — Chakvi — Makhinjauri, 20
Shekvetili
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 $‍18,700,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
1 624 955
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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