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2-room apartment 72.7 m2 with sea views in the OVAL complex, Batumi - 141 765 $
We offer for sale investment apartments of 72.7 m2 in the premium complex OVAL, located on Pirosmani street, 18, in the area of the Alley of Heroes in Batumi.
The complex is implemented in the format of five-star hotel real estate with the declared management of the international hotel brand Royal Tulip.
The distance to the sea is about 5 minutes walk.
Cost: $141,765.
Characteristics of the object
Type - 2-room apartments
• total area - 72.7 m2
• floor - 17/34
• sea view
• Balcony - 1
• bathroom - 1, combined
• Finishing – clean, repair without furniture
• ceiling height to finish - 3 m
• Apartment number - 1701
Object ID - 15067
• Type of transaction – assignment of the right of claim
• Planned delivery - 2028
About the Oval complex
OVAL is a multifunctional 34-storey project that includes hotel infrastructure and investment apartments.
The characteristics of the complex:
• 34 floors
• Infrastructure on the lower floors
82 hotel rooms on floors 5 to 10
• 332 investment apartments
• 100 parking spaces
• 5 elevators
• monolithic construction
• Panoramic double-chamber windows
• noise insulation
• declared seismic resistance - 9 points
• Central heating from the gas boiler room
Infrastructure
receptionist
• observation deck
pool
• health centre
• fitness room
• cinema
restaurant
• lounge areas
• winery
• parking
Apartment decoration
The object is offered with repairs without furniture.
The project also provides a premium finishing standard, including an equipped kitchen and a bathroom with European plumbing. The composition of the decoration of these apartments must be clarified under the assignment agreement.
Management and investment model
The complex provides a hotel management model.
The stated terms of distribution of income:
• 60% - the owner
• 40% - management company
• Utilities are included in the share of the management company
• maintenance of the complex is paid separately - $ 2 / m2 per month
For apartments with an area of 72.7 m2, the estimated service is $145.40 per month.
There is a personal account of the owner to track charges.
When concluding a contract with the management company, there is a restriction of personal residence: up to 60 days a year, of which up to 14 days in high season.
Actual profitability depends on the load, tariffs, operating costs and the terms of the management contract. Guaranteed returns have not been confirmed.
Location.
Address: Georgia, Batumi, 18 Pirosmani Street.
The complex is located in the area of the Alley of Heroes, about 5 minutes walk from the sea.
The location allows you to consider apartments both for personal rest and for hotel rental through the management company.
Conditions of acquisition
• The cost of the facility is $141,765
• Type of transaction – assignment of the right of claim
• Instalments are provided until the end of 2027
the terms of the initial payment and the balance of the debt require confirmation according to the current schedule of the developer
Benefits of the facility
• 17th floor and sea view
• area of 72.7 m2
• Location in the Alley of Heroes
• Five-star hotel concept
• Professional management model
• Developed internal infrastructure
• the possibility of personal use under the contract
• assignment acquisition
Price: $141,765.
Planned delivery: 2028.
For planning, assignment terms, management agreement and detailed cost calculation, please contact us.
