Buying an apartment in Strada in Batumi is a choice for living by the sea and generating rental income through professional management. The project differs from other new developments in the New Boulevard area by combining residential and hotel apartments, professional services, and an urban location just 100 metres from the coast. This format is suitable for personal residence, rental income, and capital preservation during the construction period.
About the residential complex
Strada is a 31 storey premium multifunctional complex. Its concept combines contemporary urban architecture, views of the sea and mountains, a landscaped courtyard, and professional services. The inclusion of both residential and hotel apartments takes the project beyond the format of a conventional residential building.
The architecture features rounded façade lines and open balconies. The developer states that energy efficient solutions are being used. Apartments are available in premium frame condition or with completed finishing, furniture, and appliances.
The project is under construction, with completion scheduled for 2029. Gumbati Group has operated in Batumi for more than 27 years, holds ISO 9001:2015 certification, is a member of FIABCI, and has completed more than one million square metres of real estate. This experience distinguishes the company from developers without a completed portfolio, although it does not eliminate the need to review the contract carefully.
Location and advantages of the area
The complex is located in the Khimshiashvili area at 39 Sherif Khimshiashvili Street. The sea is approximately 100 metres away, the water park is 170 metres away, Grand Mall and the New Boulevard are about 350 metres away, and the casino is 650 metres away. Batumi International Airport is approximately two kilometres from the complex.
The sea, promenade, and entertainment facilities generate tourist traffic, while the shopping centre, transport connections, and proximity to the airport support demand outside the peak season. Strada is chosen for rental investment because demand is not driven solely by the beach. Tenants benefit from both a resort environment and the everyday infrastructure of the city.
Unlike remote resort developments, this area is suitable for a mixed rental strategy. Studios are aimed at short stays, while apartments with a separate bedroom are also suitable for rentals lasting several months.
Complex infrastructure
- Outdoor Mediterranean style swimming pool.
- Modern gym.
- Landscaped courtyard and children’s playground.
- Underground parking.
- Gated and guarded grounds, reception, and concierge services.
- Rental management by Gumbati with remote monitoring of occupancy and utility payments.
Layouts and prices
Strada offers studios, apartments with one bedroom and a living room, as well as apartments with two bedrooms and a living room. Studio sizes range from 28.8 to 41.8 m², with prices starting from $61,344. One bedroom apartments range from 59.1 to 61 m² and are offered from $180,180. Two bedroom apartments measuring 93.6 m² are available from. The minimum price per square metre is $1,925. Payment terms should be confirmed for the selected unit.
A compact studio is the most liquid option for short term rentals because of its lower entry price. A one bedroom apartment is suitable for a couple’s holiday, long term residence, and resale. Larger apartments are primarily intended for families.
Investment potential
Rental demand is supported by the proximity of the sea, New Boulevard, Grand Mall, the water park, casino, and airport. The main target audience includes tourists, families, business travellers, and medium term tenants. Professional management reduces the number of tasks the owner must handle when owning the property remotely.
Gumbati offers remote monitoring of rental activity, occupancy, and expenses. The stated income distribution model is 60/40. Returns depend on the size, view, finishing, season, rental rate, and occupancy, so calculations should be made for a specific unit.
Potential price growth is associated with increasing construction readiness, the commissioning of the complex, and the launch of its infrastructure. A reasonable investment horizon covers the completion of construction and the stabilisation of rental operations rather than a quick resale.
The legal designation of the selected property must be verified before the transaction. A foreign citizen may register real estate in Georgia in their own name or through a legal entity, including by power of attorney. Restrictions apply to agricultural land, not to an urban apartment.
Advantages of the residential complex
- Approximately 100 metres from the sea.
- 31 storeys with views of the sea and mountains.
- Residential and hotel apartments within one project.
- Swimming pool, gym, gated courtyard, and underground parking.
- Two finishing options, including a fully completed option with furniture and appliances.
- More than 27 years of experience held by Gumbati Group.
- Full rental management for remote owners.
Who this complex is suitable for
- Investors seeking a premium property close to the sea.
- Buyers planning to live in Batumi who value the New Boulevard, parking, sports facilities, and proximity to the beach.
- People relocating to Batumi who need quick access to the airport and city services.
- Buyers seeking passive income by transferring guest accommodation and property servicing to the management company.
Strada in Batumi is suitable for buyers seeking premium seaside real estate for personal residence and rental income. The project stands out for its urban coastal location, mixed use format, private infrastructure, and management provided by an experienced developer. Before purchasing, buyers should compare the layout, legal status, view, and finishing condition of each unit. A consultation will help select an apartment for investment, relocation, or passive income.
