1-bedroom apartment, 52.1 m², 9 floor in "Novotel Living"

Batumi, Makhinjauri, 62 Tamar Mepe Avenue, 2 Iberia Street
1-bedroom apartment, 52.1 m², 9 floor, Novotel Living in Batumi

About apartment

  • Article

    13535957
  • Numeration

    907
  • Floor

    9
  • Roominess

    1-room
  • Price

    $123,480
  • Price / m²

    $2,370.1
  • Total area

    52.1 m²

About project

Novotel Living

62 Tamar Mepe Avenue, 2 Iberia Street
62 Tamar Mepe Avenue, 2 Iberia Street

2 buildings, 66 apt.

66 apartments in
  • Cost per m²

    $2,285
  • Floors

    13
  • Features

    pool
  • Completion of construction

    December 1, 2024
  • Distance to the sea

    100 m
  • District

    Makhinjauri

Description

Payment terms include the possibility of installment plans with specific parameters to be clarified with project managers during the selection process. The rental possibility is implemented through Accor management company with main tenants being tourists visiting Batumi in season as well as expats. The investment logic of the project is built on brand location and professional management ensuring stable occupancy rates throughout the year. Property value growth in completed Batumi projects is due to limited supply of completed premium-class apartments available.

In the Batumi market compact formats demonstrate high turnover in rental which is related to the tourist profile of the city. An apartment with an area of 52.1 square meters provides enough space for remote workers who consider Georgia as a country for long-term living. The simple purchase procedure for foreigners and ready apartments simplify the relocation process for this category. This size supports the investment logic built on brand location and professional management for stable rental demand.

A residence on the 9 floor offers a balance between height and comfort typical for the middle section of the building. This level provides sufficient elevation to reduce street noise while maintaining easy access to elevators and common areas. It represents a standard choice for those seeking a quiet residential atmosphere without being too high up. A residence offers a balance between height and comfort typical for the middle section.

Current construction status being completed affects liquidity and supports the pricing structure of the residential complex. A unit priced at $123,480 eliminates delay risks and allows assessment of actual property quality before purchase. This financial parameter aligns with the investment horizon logically considered from three years for full cycle rental. Current construction status being completed affects liquidity and supports pricing structure.

The Novotel Living complex offers a completed premium-class property with professional management and investment potential. This apartment combines the brand strength with a location in Makhinjauri district and completed construction stage. It is a suitable format for managed rental or comfortable living with international-level infrastructure. The Novotel Living complex offers a completed premium-class property with professional management.

Map

Interest-free installment
Down payment, $Monthly payment:Duration, month
30% - $37,044$7,203up to 12 months

Price dynamics

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