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18 799 €
18 799 €
| Sale price | 18 799 € |
| Price per square meter | 1 362.24 € |
| Floor area | 13.8 m² |
| Construction phase | Off-plan |
| Facility completion deadline | 2028 |
| Address | Georgia, Batumi |
| Location | at the seaside |
| Profitability | |
|---|---|
| Annual return | 21 % |
|
Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100% |
|
| Annual income | 3 589 € |
|
Annual rental revenue, excluding operating expenses |
|
| Credit conditions | |
|---|---|
| Possible payment by installments | |
| Contract period | up to 3 years |
Subject to purchase, we offer a freehold (perpetual) parking space in the complex located on the first island in Batumi.
Parking space 13.8 square meters. Parking is planned on three levels: the first level has 240 spaces for residents of the complex (the complex has 1,325 apartments and 360 total parking spaces, which is already creating a shortage), the second level has 120 spaces for visitors and guests, and the third level has parking for owners of penthouse apartments.
The area has just gone on sale directly from the developer at a first cost. The developer plans to attract customers from the middle and upper middle class segments. There will be no duplication in the complex - there will only be one cafe, one restaurant, one fitness center, and one pharmacy, which will attract visitors who need to use parking spaces.
On the territory of the complex and within a radius of three kilometers, there are no other parking lots or areas where cars can be parked.
Investment advantages:
Parking spaces offer annual returns of 24% on monthly rent.
Lack of obligations to perform repairs and renovations
Minimum utility bills
Repair and replace furniture and appliances in case of tenant damage
1,325 apartments and 360 parking spaces in total
About the project
The largest project in Georgia, equivalent to Palm Jumeirah in Dubai
In January 2025, construction began on a large-scale city within a city concept project on an artificial island in Batumi. Engineers and contractors who built Palm Jumeirah in the UAE were involved in the project.
The complex will include a beach, concert hall, yacht club, 5-star hotels, restaurants, cafes, green area of 9 hectares, walking eco-trail of 3.5 kilometers, outdoor and indoor swimming pools, fitness center, spa, aqua park, shopping mall, bank office, heliport, international college, schools and kindergarten, office buildings.
In March 2025, sales of apartments in the first building began. The building has 9 elevators and a ceiling height of 3.2 meters.
If you are looking for a unique opportunity with high investment potential in the Georgian market, we have something special for you. We offer a 100% increase in value upon completion of construction. Write to us today and we will provide you with a comparative financial model of the apartment versus this unit.
