1-bedroom apartment, 48.6 m², 7 floor in "Novotel Living"

Batumi, Makhinjauri, 62 Tamar Mepe Avenue, 2 Iberia Street
1-bedroom apartment, 48.6 m², 7 floor, Novotel Living in Batumi

About apartment

  • Article

    13535921
  • Numeration

    712
  • Floor

    7
  • Roominess

    1-room
  • Price

    $148,410
  • Price / m²

    $3,053.7
  • Total area

    48.6 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
  • Completion of construction

    December 1, 2024
  • Distance to the sea

    100 m
  • District

    Makhinjauri

Description

Property value growth in completed Batumi projects is due to limited supply of completed premium-class apartments available on the local real estate market. The Novotel brand attracts guests who trust international standards while the Makhinjauri location ensures proximity to the sea with a calm atmosphere. The management company guarantees stable maintenance and occupancy making this format attractive for passive income seekers. The investment horizon for such a format is logically considered from three years allowing completion of a full cycle.

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 48.6 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 7 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.

The cost per square meter starts from a competitive level reflecting the completed status of the facility. A price of $148,410 for this apartment accounts for the Novotel brand ensuring tenant trust and competitive rates. This valuation includes the professional management company from Accor which guarantees stable maintenance and occupancy for investors. The cost per square meter starts from a competitive level reflecting the completed status.

This residential unit provides a balance between tranquility and infrastructure accessibility in the coastal zone. The project solves the long-term capital investment task through the brand and location advantages. Buyers receive a ready property without unfinished construction risks and with full ownership rights. This residential unit provides a balance between tranquility and infrastructure accessibility.

Map

Interest-free installment
Down payment, $Monthly payment:Duration, month
30% - $44,523$8,657up to 12 months

Price dynamics

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