1 bedroom apartment for sale
Georgia - T`bilisi
like this property?Call: 03339 396442
- 24/7 Reception
- 24/7 Security
- Concierge Service
- Swimming Pool
- Fitness Centre
- Spa Centre
Featuring a beautiful and totally unique design, the Highline project is located in Tbilisi's most upmarket and desirable region - Vake - which is home to the majority of the city's embassies. With construction now well-underway ahead of an anticipated completion date of September 2019, the Highline project consists of three, stunning high-rise towers, each with a different purpose.
Tower A - the tallest of the three towers with 40-floors - is designed as a residential complex and will contain large apartments suitable for year-round living. Tower C - the shortest - will be run as a fully-functioning four-star hotel, managed by the Wyndham Hotel Group - the world's largest hotel chain, operating 8,100 hotels in 79 countries, under their Wyndham Garden brand.
For investors, however, it is the central tower - Tower B, with 34-floors - which will be most of interest. This tower will be run as an ApartHotel complex and, for those buyers enrolling in the scheme, apartments here will also be rented out using the services of the Wyndham Hotel Group.
Located in one of the very best parts of Vake - surrounded by green parks and sports training facilities, all three towers will share the four-star communal facilities. These facilities include 24/7 security and reception area, a full concierge service, underground parking, several restaurants and bars, plus an indoor swimming pool, spa centre and fully-equipped fitness centre.
In order to offer the best returns to investors here, the apartments in the ApartHotel are compact - similar to the sizes of hotels that you will find in upmarket hotels around the world. The majority of the apartments here are studios, varying in size and layout, all sized within the region of 25-30m2. The tower will also offer a number of one-bedroom suites in addition to the studios, ranging in size from 45-60m2.
All apartments at the Highline ApartHotel are supplied on a White Frame basis, with prices depending upon the floor that the apartment is located on. These prices range from ₾2720/$1100 per m2 on the 3rd floor, going up to ₾3660/$1480 for units on the 22nd floor. Buyers need only pay 15% of the purchase price upon contract, with the remainder payable during the course of the build.
For those wishing to enroll in the Wyndham Garden management scheme, buyers need to add an additional ₾1484/$600 per m2 to the White Frame price for finishing and furnishing up to the hotel chain's high standards. In return, Wyndham Garden will share all of the revenue from the apartments on a 60/40 basis with owners of the apartment. All of the costs from the running of the hotel - maintenance fees, cleaning, taxes, etc. - will be the responsibility of the hotel group, which means that the owners' 60% share is completely net. The strength of Wyndham Garden's brand and expertise will ensure high occupancy and room rates for all of the apartments in the building.
In summary, for any investor looking for an affordable, yet high-yielding investment, backed by the experience of the world leader in hospitality, the Highline ApartHotel is an ideal choice.
- Tbilisi (INTERNATIONAL), 8.9 miles
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