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1 bedroom apartment for sale

Georgia - T`bilisi

USD $91,550

like this property?

Call: 03339 396442
  • Description
  • Floorplan (1)
  • Map

Key features:

  • 24/7 Reception
  • 24/7 Security
  • Concierge Service
  • Parking
  • Swimming Pool
  • Fitness Centre
  • Spa Centre
  • Restaurant

Full description:

The Highline ApartHotel is the perfect project for any investor looking for an affordable, high-yielding investment backed by the expertise of one of the world's leading hotel chains.

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.

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Tbilisi (INTERNATIONAL), 8.9 miles

*Distances are straight line measurements. This feature is currently in beta.

Master Floorplan Image
To view this property or request more details, contact
Tbilisi Property, LLC, Sachkere Region

#1 Sachkere Region 0102
03339 396442  Local call rate
About Tbilisi Property, LLC, Sachkere Region

Tbilisi Property offers a unique service to all investors and home buyers interested in benefiting from the real estate opportunities in Georgia’s capital, guiding potential buyers through the entire purchasing process from start to finish:
Purchasing
First we listen to your requirements and then we show you the best offers that meet with your budget and purchasing goals. We only work with the biggest, most reliable and experienced developers to ensure that your investment is 100% secure.
Registration
We help you to register the property at the Public Registry Office. If you require Permanent Residence in Georgia, we can assist you with the process.
Finishing
Most apartments in Tbilisi are sold on a White Frame basis. Our Construction Division will work with buyers to finish their apartments to their specifications and budget – usually within six weeks.
Interior Design
Our Interior Design Division can then take over and bring your apartment up to full ready-to-rent status, right down to soft-furnishings and cutlery.
Rental Management
Once the apartment is up to full turnkey standard, our Rental Management Division will market your property in order to achieve the highest yields for investors. Professional property photographers will ensure that your apartment really stands out from the crowd. We deposit your rental receipts into a bank account of your choosing on a regular basis.
All our services are completely free of charge to buyers – with the exception of Rental Management services, where we take a small commission from all rental income earned.
Tbilisi Property is the only agency in Georgia to offer such a comprehensive service to foreign real estate buyers. With over a decade’s experience in the international real estate business, we are experts in the field and offer British levels of service to all our clients.


Disclaimer

This is a property advertisement provided and maintained by Tbilisi Property, LLC, Sachkere Region (reference 10021) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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