Novotel Living

Developer: Mardi Holding (14 completed projects, 5 under construction)

Completion Date: Block A - December 2024, Block B - December 2025

Prices for Block A are turnkey, Block B prices are in a white frame condition, but 6 months before completion, the owner must purchase the renovation from us for an additional

$800 per m².

Number of Floors: 13 floors (2 buildings)

Number of Apartments: 155 apartments

Construction Technology: Monolithic frame

Distance to the Sea: 50 meters

Address: 62 Tamar Mepe Ave | 2 Iberia St

Complex Type: For investment

Management business model: Income is distributed 60%/40%. 60% of the total income is transferred to the owner, and 40% remains with the management company.

Nearby Infrastructure: The new building is located in an area with diverse commercial, retail, and social infrastructure within walking distance:

    - Attractions: Botanical Garden, "Green Cape";

    - Beaches: Magnolia Beach, Makhinjauri Beach;

    - Educational Institutions: Private University, General Education School;

    - Medical Institutions: Pharmacies, Hospital;

    - Supermarkets: Paradise, Luca;

    - Restaurants and Cafes: Cafe "Dolphin", Fish Bar, Cafe Veranda, Restaurant Bungalow Green Cape;

    - Leisure Venues: Dynamite Fitness Sports Club, Green Cape Bridge, Viewing Platforms;

    - Hotels and Guesthouses;

    - Bank Offices;

    - Other facilities.

More infrastructure facilities are a few minutes' drive away in Batumi.

Prices and conditions of the acquisition

Price: Block A from $2620 per m² (turnkey), Block B from $1600 (white frame)

 

Prices vary depending on the view and floor.

 

Monthly maintenance fee - $2 per m²

 

Payment Terms: Investment apartments managed by the Accor brand. The contract with the management company is signed for 10 years.

 

Owner's stay no more than 20 days a year.

 

Payment plan for Block A: 30% down payment, 12-month installment plan.

 

Payment plan for Block B: 30% down payment, 18-month installment plan.

Planning

Apartment Areas: 31–66 m²

 

    - Studios

 

    - 1-room

 

    - 2-room

Type of repairs

Apartment Finishing: White frame and turnkey renovation by the developer.

Conditions

    - Restaurant

 

    - Cafe

 

    - Pool

 

    - Fitness center

 

    - SPA

 

    - Landscaped yard

 

    - Lobby

 

    - Heating

 

    - Parking

 

    - Private beach (city lease for 15 years)

 

    - Beach bar