1-bedroom hotel room, 44.5 m², 10 floor in "Novotel Living"

Batumi, Makhinjauri, 62 Tamar Mepe Avenue, 2 Iberia Street
1-bedroom hotel room, 44.5 m², 10 floor, Novotel Living in Batumi

About hotel room

  • Article

    13,536,930
  • Numeration

    1001a
  • Floor

    10
  • Roominess

    1-room
  • Price

    $157,698
  • Price / m²

    $3,543.8
  • Total area

    44.5 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

The investment horizon for such a format is logically considered from three years allowing completion of a full cycle of seasonal rental and fixing property value growth. Current construction status means the facility is completed so the buyer receives ready property without unfinished construction risks or delays. The ownership format assumes full ownership rights with simplified purchase procedure for foreigners in Georgia. The Novotel Living residential complex is suitable for buyers seeking completed premium-class property with professional management.

The property format assumes apartments with ready-made finishes and the possibility of connecting to the hotel management program. A medium-sized unit of 44.5 square meters allows tenants to value tranquility while enjoying the developed embankment nearby. This option is attractive for buyers seeking a place for seasonal living or rental to vacationers in the stable tourist flow. One-room apartments from forty-four point five square meters are in demand among couples and small families.

The top floors of the thirteen-floor architecture ensure less noise and greater separation from the street environment. A unit on the 10 floor benefits from the environmental sustainability concept with improved air circulation. This location is highly attractive for buyers seeking a place for seasonal living with superior visual qualities and light. The top floors ensure less noise and greater separation from the street environment.

Investment attractiveness is supported by the price point which considers the limited supply of completed premium-class properties. Paying $157,698 allows entry into a format with managed rental and reduced risks for buyers. The cost reflects the location in the coastal Makhinjauri district with proximity to the sea and developed embankment. Investment attractiveness is supported by the price point which considers limited supply.

The property stands out in the city’s new construction market through its partnership with Accor. This apartment ensures managed operations and stable rental demand in a stable tourist flow area. It addresses the needs of investors seeking passive income and residents valuing a quiet district. The property stands out in the city’s new construction market through its partnership.

Map

Interest-free installment
Down payment, $Monthly payment:Duration, month
30% - $47,309$9,199up to 12 months

Price dynamics

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