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12 ha land plot for sale in Chakvi for $20,000,000

Ekvtime Taqaishvili St, 65
$‍‍20,000,000
$
120 000 m2
land area
area
Listed
Listed
12 days ago
Updated
Updated
12 days ago

Description

This non-agricultural land plot located on the beachfront 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, this land offers multifaceted business potential. The plot can be used for various commercial purposes, such as: • construction of a hotel or accommodation facilities • development of cottages or glamping • apart-hotel – a residential residence for investment For entertainment and leisure infrastructure, it is possible to establish a lounge, bar, summer club, or a restaurant with sea views. Additionally, a wellness center, children's or family spaces, and various types of entertainment playgrounds can be developed. The non-agricultural status means that foreign citizens and international companies can easily purchase the land, and the process of obtaining a building permit is faster and simpler.
Property ID: 848801

Plot location

Ekvtime Taqaishvili St, 65
Ureki
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 $‍17,000,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
1 477 232
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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