The decision to buy an apartment in the Modern Residence Batumi residential complex is a choice in favor of a private premium format in the historical part of the city. Unlike large-scale coastal skyscrapers, the complex offers a private environment for living. Due to its location in Old Batumi, the project solves the problem of preserving capital and generating stable passive income regardless of the tourist season phase.
About the residential complex
Modern Residence is a modern premium-class project consisting of two sixteen-story buildings. The positioning of the object is determined by its format: it is not a typical apart-hotel, but a residential complex for a demanding audience. The architecture stands out with strict lines, facades with Reynobond aluminum panels and panoramic glazing. The difference of the project from most new buildings in the city lies in strict seismic stability standards using Doka Dek technology and the presence of autonomous backup systems based on solar energy. The commissioning date of the complex is scheduled for 2025. The real estate format includes compact studios and family apartments with an open layout.
Location and advantages of the area
The complex is located at 55 Vazha-Pshavela Street, in the center of Old Batumi. The distance to the sea of 850 meters provides pedestrian access to the promenade, reliably isolating residents from the noise of the first line. Nearby are Europe Square, May 6 Park and financial centers. The airport can be reached in 15 minutes. Since there is an acute shortage of vacant land for development in the historical center, new projects have high liquidity in the secondary market. The area is characterized by an established infrastructure: clinics, supermarkets, schools, and business facilities are concentrated here.
Infrastructure of the complex
- Two-level underground parking for 40 cars and guest parking
- Exploitable panoramic terraces on the roofs of the buildings
- Elegant lobby with a reception area and concierge service
- Commercial premises on the ground floors
- Sports and children’s playgrounds in a closed area
- Fire safety system and 24-hour security
- Silent passenger elevators from the German brand Kleemann
- Professional management company
Layouts and prices
The project offers layout solutions from 31 to 137 square meters. The open layout allows you to adapt the space to individual design. The cost depends on the floor: the minimum price is $900, and the maximum is $6,804. Compact lots are available: the price of a studio starts from $118,800, the price from a 1-room apartment is $69,680. For family living: the price from a 2-room apartment is $151,590, the price from a 3-room apartment starts from $170,190, and the price from a 4-room apartment is from. One- and two-bedroom apartments are considered the most in demand for long-term rental to expats. Check payment terms.
Investment attractiveness
The investment logic is based on the premium quality of the location. Due to its location in the administrative center, the rental flow is provided by solvent expats throughout the year, and not just tourists. The year-round business activity of the area acts as the main driver of occupancy stability. The current construction stage leaves investors a margin for the capitalization of the value of a square meter by the time of commissioning. Optimized areas make it possible to consider the object as an instrument of conservative passive income. An investment horizon of three to five years is optimal for fixing profits from resale. Foreigners register real estate in full private ownership.
Advantages of the residential complex
- Location in the historical center with year-round infrastructure without seasonal fluctuations in demand.
- Chamber format for 150 apartments, eliminating the effect of overpopulation of resort high-rises.
- Use of energy-efficient technologies and sound insulation that reduce operating costs.
- Availability of a spacious underground parking, which is a rarity for the narrow streets of the center.
- Backup power supply due to the installation of solar panels on the roof of the building.
- Transparent management concept with the possibility of remote control for investors.
Who is this complex suitable for
Investors: to diversify a portfolio with liquid real estate with the potential for value growth. For living: connoisseurs of privacy and European construction standards in the epicenter of urban infrastructure. For relocation: families and remote specialists who value the accessibility of schools and clinics. For passive income: buyers looking to transfer to management for long-term lease to a solvent audience.
The Modern Residence residential complex is a justified asset that combines the silence of the historical center with the quality of modern engineering. The project is chosen by those who are looking for an object to reliably preserve capital, a stable business, or a comfortable life. Due to the shortage of quality offers in the Old Town, the complex will retain high liquidity. For detailed information on layouts and to schedule a viewing, contact for professional advice.
