Description

Parties engaged in apartment rental business in Batumi are offered a very favorable proposition.

Information in details:

• Hotel/apartment concept type 8-storey building is for sale in Batumi center, in vicinity of city central park and Batumi Boulevard. The building was fully renovated and equipped two years ago, although to date it has not been used for commercial purposes;
• The property comprises 42 individual apartments (en-suite and furnished) reception area, commercial premise, restaurant, terraces, and ancillary facilities;
• The property can operate as a hotel, it is also possible to register all 42 apartments (rooms) as separate properties in Public Registry, and selling them as separate apartments (with launching rental service perspective);
• The property is equipped with electricity, water, gas, heating, cooling, ventilation, internet communications and an automated power generator;
• Apartments, reception and catering areas are fully equipped with intact furniture and equipment. Regular maintenance is carried out at the property, including: airing/ventilation, cleaning, periodic switching on of communications.

Additional proposition:

Our Company will assist the buyer, with an experience in a similar business, good and trustworthy history/reputation with banks, in obtaining the loan required to purchase the property (as agreed with the partner bank).

With proper management, the net projected profit from registering and selling apartments as separate properties will exceed $1 million. In addition, by managing a restaurant, commercial premise, rented apartments and shared communication facilities, one can earn over $45,000 per month.

• The total value of the property: $2 950 000.

If interested, please contact us at the number indicated in the announcement or write us at the email: [email protected]