Studio, 38 m², 36 floor in "Ramada Residences"

Batumi, Khimshiashvili, 10, Pirosmani
Studio, 38 m², 36 floor, Ramada Residences in Batumi

About apartment

  • Article

    13 550 192
  • Numeration

    3609
  • Total floors

    39
  • Roominess

    Studio
  • Price

    $166,640
  • Price / m²

    $4,385.263
  • Total area

    38 m²

About project

“Ramada Residences”

10, Pirosmani
10, Pirosmani

260 apt.

260 apartments in
  • Cost per m²

    $3,175
  • Class

    premium
  • Floors

    39
  • Elevator

    yes
  • Number of elevators

    4
  • Features

    pool, gym
  • Distance to the sea

    356 m
  • District

    Khimshiashvili

Description

A apartment with 38 m² offers efficient use of space ideal for short-term rental scenarios. Compact formats are highly demanded by tourists and business guests visiting Batumi. The layout includes full kitchen areas expanding rental scenarios beyond standard hotel rooms. Such units are easier to rent to tourists expats and mid-term tenants in the city. From a liquidity perspective in Batumi compact formats with kitchens are most versatile. These units cover broader demand than standard hotel accommodations in the area. The branded residences format ensures high service standards even for smaller living spaces.

The unit spanning 38 m² represents a versatile asset for passive income generation. Compact and mid-sized formats with kitchens are most versatile for investors. These are easier to rent to tourists expats and mid-term tenants in the city. Ramada Residences has an advantage over classic hotel rooms because the unit is closer to housing. Thus it covers broader demand than standard hotel accommodations in the area. Rental demand is driven by the brand plus service plus location combination. Branded residences in central Batumi are chosen because they scale more easily in rentals.

The residence on the 36 floor ensures privacy and a sense of space. View-oriented features are part of the modern urban format of the building. Architecturally the project follows a modern urban format with view-oriented features. The complex features branded interiors according to Ramada by Wyndham standards. Management is entrusted to River Rock enhancing the service component for all residents. This infrastructure set practically increases the property value for every owner. Tenants receive a format close to a hotel while owners get a product.

The valuation of $166,640 correlates with project implementation stage and development of Heroes Avenue. Central Batumi has few projects where an international hotel brand is integrated. This makes Ramada Residences a clear product for international buyers. For foreign citizens Georgia’s market remains open without special restrictions. The investment horizon for this complex appears medium- to long-term. Price growth potential logically correlates with project implementation stage. Format rarity ensures stronger positions in the secondary market.

Branded residences in central Batumi are chosen because they scale more easily in rentals. They retain stronger positions in the secondary market compared to standard apartments. Price growth potential logically correlates with project implementation stage. Format rarity ensures stronger positions in the secondary market. Central Batumi has few projects where an international hotel brand is integrated. This makes Ramada Residences a clear product for international buyers. For foreign citizens Georgia’s market remains open without special restrictions.

Map

Price dynamics

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