1-bedroom apartment, 51.8 m², 13 floor in "Novotel Living"

Batumi, Makhinjauri, 62 Tamar Mepe Avenue, 2 Iberia Street
1-bedroom apartment, 51.8 m², 13 floor, Novotel Living in Batumi

About apartment

  • Article

    13 536 494
  • Numeration

    1303
  • Floor

    13
  • Roominess

    1-room
  • Price

    $178,524
  • Price / m²

    $3,446.4
  • Total area

    51.8 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

District infrastructure development continues with shops cafes and public transport stops within walking distance from the complex entrance. Prospects for property value growth in Makhinjauri are linked to limited supply of completed premium-class properties and continued interest from foreign buyers in Batumi. The district differs from central zones of Batumi by lower construction density and less noise which is an advantage for long-term rental tenants valuing tranquility. The presence of an international-level management company ensures professional property maintenance which is critically important.

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 51.8 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.

Upper levels of the building provide enhanced privacy and an expansive view of the coastal zone of Batumi. An apartment on the 13 floor maximizes the view characteristics which form the main demand for rentals in the summer season. This height distinguishes the property from standard new buildings by offering a premium perspective of the sea and city. Upper levels provide enhanced privacy and an expansive view of the coastal zone.

The cost per square meter starts from a competitive level reflecting the completed status of the facility. A price of $178,524 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.

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% - $53,557$10,414up to 12 months

Price dynamics

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