Hotel 1 100 m² in Tbilisi, Georgia

Georgia, Tbilisi

$3,10M

$2,818/m²

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ID: 1549803

Last update: 04/02/2024

Location

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Country

Georgia
City

Tbilisi
Address

Ioseb Grishashvili Street

Property characteristics

Property parameters

Price per m²

$2,818/m²
Rooms

21
Total area

1 100 m²

Building parameters

The year of construction

2022
Number of floors

4

Investment params

Yield per year

16%

Interior details

Heating:

Central heating

Cooling:

Air conditioner

Interior Features:

Furnitured
Double-glazed windows
Household appliances
Basement
Balcony

Security features:

Video surveillance

Repair features:

Renovated

Exterior details

Parking features:

Parking

Exterior features:

Elevator

View:

Mountain view

Location

City Center

Description

Exclusive offer! For sale a newly built premium class hotel in the very center of Tbilisi, the old town area of Abanotubani. Unique location, the hotel is located on the top of a mountain in 5 minutes from the historical and tourist center of the city. The hotel's apartments offer panoramic views of the entire city. The hotel consists of 21 apartments. The rooms are decorated with high-quality materials in a single design code with an emphasis on the culture and history of Georgia.Wine cellar,restaurant, terrace-bar with a view of the whole of Tbilisi, barbecue areas, stained glass elevator.

Analytics:

The average cost per square meter in this area according to the results of independent analytical reports is $ 3000/m2. For 11 months of 2022, the revenue from tourism of foreign visitors exceeded 3 billion US dollars. 2022 was an exceptionally successful year for the residential real estate market of Tbilisi. The main driver of residential real estate prices is the high rental yield. Selling prices continue to rise, showing an increase of 18% year-on-year.The rental price showed an annual growth of 28%.

Lux Real Estate company implements only the best objects existing on the Georgian market. Our company is ready to provide legal support for interested investors at all stages of the transaction, to carry out comprehensive real estate management (conduct operational activities), to ensure 100% loading of apartments using its own IT technologies and bring maximum income for the future owner.

The payback period of this investment project using a set of Lux Real Estate solutions:

Optimistic - 6.1 years old
Realistic - 8.2 years
Pessimistic - 9.8 years old