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12 Merab Aleksidze St, Tbilisi, Georgia
Two landmark towers King David Residences and King David Business Center. Truly a work of art. The developer designed this from his heart and Tbilisi may never get a chance to see a development as beautiful as this again. An Award winner of 2017 European Property Awards for the best mixed-use developments. King David Residences, the tall tower home to more than 250 luxury Residences, has been designed to create a lifestyle of true sophistication. Floor-to-ceiling window walls capture the breathtaking panorama of Tbilisi, allow for abundant natural light, and create a sense of tranquility in each and every home. The project was completed on December 2017. On Summer 2020, the project’s facilities such as the swimming pool, spa, and gym will be complete.
This project offers opportunities for people to live and work in the downtown area, meeting the city’s long-term objectives. King David is situated at the heart of Tbilisi, on the famous Mtkvari River, minutes walk away from Pekini Avenue where you can enjoy two fork roads filled with shopping and entertainment, including some big names such as Adjara Casino, Mcdonald’s, Wendys, Subway, Sports Palace, and Holiday Inn. King David is also minutes away from Marjanishvili Street, and the famous and historical Aghmashenebeli Avenue where you can enjoy dining in traditional Georgian cuisines.
King David is very strategically located, even during rush hours you can reach Liberty Square and Rustaveli Avenue in around 5-10 minutes. The gym, pool, and spa will be ready by the summer of 2020 meaning if you invest before that date, you will automatically witness capital appreciation. Georgian American University (GAU) and Nikora supermarket is beside King David Business Center (KDBC). In the business center, King David has a cafeteria, a Japanese restaurant, and a new beautiful Italian restaurant on the last floor with rooftop panoramic views of Tbilisi.
Price and Availability
An apartment in King David costs in the range of 1800-2350$/m2 and above in ‘White Frame’ condition, meaning all the electrical wiring and plumbing are complete and only cosmetic works of the apartments are left according to your taste and wishes. The Renovation from a White Frame condition apartment to a Fully furnished apartment takes a maximum of 60 days. Prices depend on size and view.
The most expensive view are apartments facing the Mvktari river. Developer also offers renovation services for around 450-500$/m2 , the price depends on the quality of materials used. Sterling offers renovation services for 250$/m2.
Generally speaking, a ‘fully furnished’ apartment in King David for sale in the Secondary market can cost you anywhere from 2500-3200$/m2.
Sterling’s ROI calculations based on real clientele information.
Our estimated return on investment for this project is calculated to be performing at 8-10% on Long term rentals and if you wish to turn your investment into a business with property management, with good care it can perform up to 18% ROI on daily rentals offering guests a five star serviced experience.
For those of you who would like financing or are interested in special offers, King David gives 10-18% discount to one-time cash payments. And If you have a SOLO membership bank account you can receive discounts and special offers on King David Properties.
The King David Complex is by far the most well-maintained buildings in Tbilisi. We are talking about a place were cleaners clean the common areas every day, and electricians and plumbers are on standby and are able to assist you almost any time. Wit top notch security and over 100 cameras in the building. Service charge in this building is 1.5$/m2
King David Complex has top notch security with over 150 cameras installed all over the area and security control rooms. There are a a lot securities and management office is situated on the ground floor reception. Reception speaks fluent English and are extremely helpful. Visitors must verify their identification at the Reception Area in order to receive a visitors access card which enables elevator-use.
King David is a superb investment because you can rent your unit daily as an Aparthotel on various platforms available with competitive rates competing with expensive hotels.
Receive more information regarding this property through +995551071121