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Orexus Tower

Orexus Tower

Orexus Tower

Tbilisi, Georgia

For Sale

$82,500

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Property ID :

 6533-property

Bedrooms

2

Bathrooms

2

Area

75m2 1000$-1350$ per m2

Year Built

2019

Description

Sterling’s Property Advisors proudly presents Orexus Tower.

Orexus Tower is one of our favorite investments. This building has history. It was a very big and famous project which started in 2013 and then on 2015 the project suddenly stopped at 80% completion and stayed still for two years. Causing uncertainty for everyone who watched it stand frozen. In 2017 a new and well-reputable developer took over the project and ever since then the project has been moving forward. The developer now has completed the exterior facade of the building and is expected to be handing over keys before the new year. This magnificent project is home to a total area of 15020.4sqm with 22 floors and 220 units sized from 50sqm to 150sqm. Oh that’s just the residential part. It is also home to 3 commercial floors of 1000sqm to be used as a hotel , gym facility or something else of that sort. Orexus building has got business living too, with around 18 office areas 340sqm each. Orexus has three different areas with seperate entrances. When you walk into the lobby, it’s unlike any other, very high ceilings like a five star hotel with lots of shops.

Outside Orexus is Mcdonald’s, Wendys, Dunkin Donuts, Subwbay, Adjara Casino, Holiday Inn, and hundreds of shops on the sidewalks of Pekini Avenue and Kostava Str.

The strategic location of this building compliments and facilitates to AirBnB users, who are comfortable being near any of those world known chains, assuming and knowing that if that international food chain is over there then the location must be good. And not only that, properties in Orexus tower will most likely be offering competitive rates to compete with other hotels nearby. Our analysis tells us property owners will be enjoying 12% return on investment yearly.

Prices in Orexus building range from 950$ per sqm all the way up to 1250$ per sqm. The price only changes according to the view.

Completion date: July 2019 [ Postponed due to late arrival of Elevators, elevators expecting to arrive November 2019 and take two weeks to install, new handover date: December 2019]

STERLING for you

Receive more information regarding this property through +995551071121

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Bedrooms

Studio

Bathrooms

1

Area

71.27m² 1600$

For Sale

$114,000