Description of the building
Residential Complex
Developer: MRMU (2 ongoing projects)
Completion of the complex: Q4 2026
Number of floors: 9 floors (1 building)
Number of apartments: 244 apartments
Construction technology: monolithic-frame
Distance to the sea: 400 meters
Address: 8 Tamar Mepe 1st Lane
Type of complex: for investment
Management business model: Income is distributed 60%/40%. 60% of the total income will be transferred to the Owner, and 40% remains with the management company.
Nearby infrastructure: The new building is located in an area with a diverse commercial, retail, and social infrastructure within walking distance:
- Attractions: Botanical Garden, “Green Cape”;
- Beaches: Magnolia Beach, Makhinjauri Beach;
- Educational institutions: private university, public school;
- Medical facilities: pharmacies, hospital;
- Supermarkets: Paradise, Luca;
- Restaurants and cafes: Cafe “Dolphin”, Fish Bar, Cafe Veranda, Restaurant Bungalow Green Cape;
- Leisure places: Dynamite Fitness sports club, Green Cape Bridge, viewpoints;
- Hotels and accommodations;
- Bank branches;
- Other amenities.
More infrastructure facilities are located a few minutes' drive away in Batumi.
completion of construction
Prices and conditions of the acquisition
Price: from $2200 per m² (turnkey)
Prices vary depending on the view and floor.
Monthly maintenance fee: $1 per m²
Payment terms:
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10% down payment
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20% second payment by the end of January 2024
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70% interest-free installment quarterly until the end of December 2026
Planning
Apartment sizes: 36–167.5 m²
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Studios
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1-room apartments
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2-room apartments
Type of repairs
Apartment finishes: turnkey renovation by the developer
Conditions
- Spa and fitness center
- Landscaped garden
- Children's area
- Restaurant and cafe
- Parking
- Concierge lobby services
- CROWNE PLAZA, a network of international 5-star hotels
Residents of the complex will receive exclusive access to the infrastructure and services of CROWNE PLAZA, providing all conditions for active recreation and relaxation.