The residential complex “Tsar Parnavaz 65” in Batumi is a boutique 8-story building comprising 46 apartments in the historic city center. The project stands out among new developments in the Old Town with its monolithic frame construction technology and a rare combination of local infrastructure with high rental potential. The complex addresses the needs of investors seeking a highly liquid asset in a tourist area with high occupancy rates, as well as buyers who prioritize proximity to the sea and city amenities without compromising on construction quality.
About the Residential Complex
Concept The project is positioned as a boutique residential complex with a focus on long-term liquidity and functional layouts. The developer, Comfort Building, is focused on creating properties that remain relevant regardless of market cycles.
Property Class Comfort class with elements of the business segment, achieved through high-quality construction solutions and prime location.
Architecture The building is designed in a modern style with a clear rhythm of facades. The monolithic frame technology ensures precise structural geometry and enhanced seismic resistance.
Property Format Open-plan apartments: studios, two-bedroom, and three-bedroom options ranging from 31.4 to 181 m². Ceiling height is 2.9 meters.
Delivery Date 2028 — first quarter of 2028.
Project Features The boutique nature of the complex (only 46 apartments) creates a scarcity of supply in the location, supporting stable demand. The monolithic frame with a calculated safety margin and an underground parking lot for 9 cars distinguish the project from typical developments in the area.
Location and Neighborhood Advantages
Location Batumi Old Town, 65 Tsar Parnavaz Street — one of the central thoroughfares in the historic part of the city.
Proximity to Key Landmarks
- 600 meters walk to the sea
- 740 meters to the seaport
- 13–15 minutes to the “Argo” cable car
- Less than 20 minutes by car to the international airport
Nearby Amenities Within a 5–10 minute radius, there are Goodwill and Carrefour supermarkets, “Agrohub” and “Hopa” markets, restaurants, and cafes. Sports infrastructure includes fitness centers, the “Dinamo Batumi” stadium, and the football club. Educational institutions include Schools No. 3 and No. 7, the Georgian-American School, and Batumi International University. Medical services are provided by the Republican Maternity and Child Center and private clinics.
Reasons for Area Demand The Old Town remains the most sought-after location for rentals due to the tourist flow and developed pedestrian infrastructure. The area combines a historic atmosphere with modern services, attracting both short-term tourists and long-term tenants. Unlike new districts, it boasts established transport accessibility and social infrastructure, reducing the risk of property vacancy.
Complex Infrastructure
- Passenger elevator
- Underground parking for 9 cars
- Commercial premises on the ground floor
- Monolithic frame building structure
The management company and additional service options are clarified upon purchase.
Layouts and Prices
Area Range
- Studios: from 31.4 m²
- Two-bedroom apartments: 45.7–103.7 m²
- Three-bedroom apartments: 55.3–181 m²
Price Guidelines
- Studios from ($94,200)
- Two-bedroom from ($123,390)
- Three-bedroom from ($138,250)
- Price per m² from ($2,500)
Liquid Formats In the Batumi market, studios and compact two-bedroom apartments demonstrate the fastest rental and resale speeds. Large three-bedroom options (from 80 m²) are in demand for long-term rentals by families and expats.
Payment Terms Please inquire with the project manager regarding installment plans and mortgage programs.
Investment Appeal
Rental Potential Rental demand in the Old Town is driven by tourist flows and business activity. The main tenants are tourists from the CIS and Europe, digital nomads, and employees of international companies. Occupancy rates in this location remain stable year-round thanks to the developed infrastructure and transport hub.
Value Growth Factors Properties in the historic center of Batumi show resilience to market fluctuations. The boutique nature of the complex and construction quality create a supply deficit, supporting price dynamics. Proximity to the sea and transport hubs ensures long-term liquidity.
Investment Horizon For short-term rentals (Airbnb), the payback period is 3–5 years. For long-term rentals, it is 5–7 years. A resale strategy 3–5 years after the complex is commissioned also shows positive dynamics.
Construction Status The project is in the active construction phase. Purchasing at the current stage allows you to lock in the price before commissioning.
Legal Status Purchase is available to foreign citizens. Apartments are registered in ownership with the right of registration.
Advantages of the Complex
- Boutique complex with 46 apartments — supply deficit in the location
- Monolithic frame technology with enhanced seismic resistance
- Location in the Old Town with maximum pedestrian access to amenities
- Underground parking in central Batumi — a rare option
- Ceiling height of 2.9 meters — above the comfort-class standard
- Transport accessibility: 135 meters to the bus stop, 11 public transport routes
- Proximity to the sea and tourist attractions
Who This Complex is For
Investors For those seeking a liquid asset with a predictable rental yield in a tourist area.
For Living For buyers who value city infrastructure and walking distance to the sea.
For Relocation For families and expats choosing Batumi as their permanent residence.
For Passive Income For those planning to rent out the property with minimal management via a management company.
Conclusion
The “Tsar Parnavaz 65” residential complex in Batumi is the choice of buyers who evaluate real estate through the lens of long-term liquidity and location quality. The project is suitable for investors seeking a stable rental yield in the tourist center, and for those planning to live in a city with developed infrastructure. The boutique nature of the complex and monolithic construction technology set it apart from new developments in the Old Town, creating a supply deficit and supporting price stability.
To select the optimal option for your goals — investment, rental, or permanent residence — leave a request for a consultation. A manager will select a layout and calculate financial terms tailored to your objectives.
