Total area - 75 m2
- Number of rooms: 3
- Number of bedrooms - 2
- Floor - 2/5
Cost per m2: $1,680
Total cost: $126,000
- Turnkey.
- Green Urban LCD
- Nearby are the best schools, kindergartens, medical institutions, shops, fitness centers Lake Lisi, Nikora, Wood Market
Wake – Investment Review
Positioning. Premium "green" district of Tbilisi around Chavchavadze Avenue, Vake and Mziuri parks. Coffee shops and restaurants, boutiques, embassies, private and international schools, clinics. New club houses and modern residential complexes coexist with spacious apartments of the old fund. The minus is no metro; reliance on bus lines/taxis, traffic jams and parking shortages are possible during peak hours.
Who's good?
Families and expats of the upper-middle and premium segment, diplomats, top managers, investors who are looking for a low vacancy and a safe haven for capital.
Investment note.
Buy-to-let (long-term): stable liquidity, high rental rates, but the gross yield is lower than in "young" areas - a benchmark of ~4-6% with quality finishes and furniture.
Flip: good potential in the renovation of large “Soviet” layouts for 2-3 bedrooms with modern bathrooms / kitchens; premium new buildings 2015+ hold the price and sell faster.
The key to success is the location within the area (near parks / schools, quieter from the highways), the view / floor, the presence of parking and an elevator.