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AI Investment Summary

Elysium has a B investment grade. Projected rent is about $6,090 a year after taxes and maintenance costs, with renovation included in simple payback near 10.5 years once letting begins. A park and transit stop are very close, and Surmanidze has four completed projects. The building is under construction, with delivery indicated for 2028.

66.3
Final score
66.3
50
Liquidity
50
Net yield
8.3%
Appreciation potential score
54/100
Exit score
31.2/100
Investment grade
B
ADR
43 $
Occupancy
57%
Annual net rent
5,274 $
Primary Strategy: Balanced

Overview

Elysium Key benefits: 350m to the sea. 23-storey residential tower. 3m ceilings. Swimming pool and fitness center. Location: 3 Grigol Lortkipanidze St, Batumi. 5-8 min walk to Lech and Maria Kaczynski Park, near Metro City Mall, Burger King, 10 min from airport. Tech: Monolithic-frame. OTIS elevators. Floor-to-ceiling panoramic windows. Open balconies with tempered glass railings. Amenities: Landscaped courtyard, children's playground, swimming pool, fitness center, children's entertainment center, restaurant, pharmacy, underground parking, surface guest parking, 24/7 security. Units: Studios, 1-4-bedroom apartments (32–95 m²). Ceilings 3m. White frame finish. Purchase terms: Mortgage from TBC Bank.

Project details

Construction status· Under constructionDelivery· 2028

Finish options

White frame

Construction technology

Monolithic frame

Elevators

Passenger

Infrastructure

Recreational areaChildren's playgroundSwimming poolFitness centerRestaurantCommercial areas

Parking

Underground
Layouts
Layouts are not published for this project yet.
Location

Airport District: Batumi’s Emerging Growth Area

Located in the southern part of Batumi, around the international airport and close to the New Boulevard, this rapidly developing district is seeing new residential complexes, commercial properties, and urban infrastructure emerge side by side. Buyers are attracted by relatively affordable entry prices and the potential for long-term property value growth as the area continues to develop.

Pros: Convenient transport connections — around 10–15 minutes to central Batumi, depending on traffic, and quick access to the main roads leading towards the Turkish border. The pebble beach is within walking or short driving distance, depending on the property’s exact location. Prices are generally more accessible than in central Batumi, making the area attractive to buyers seeking a modern new-build at a lower entry point. Local markets, shopping facilities, and everyday services are also available nearby.

Cons: Aircraft noise may occasionally be audible, particularly in properties located closer to the airport. Traffic can become heavier during the summer, especially on routes leading towards the Turkish border. The district currently has fewer premium cafés, restaurants, and landscaped parks than central Batumi, although its infrastructure continues to expand.

✅ Who it suits: Investors considering one of Batumi’s developing residential areas; frequent travellers who value proximity to the airport; budget-conscious buyers seeking a modern new-build near the coast without the premium prices of central Batumi; and car owners and business travellers who appreciate convenient road connections.

City
Batumi
District
Airport
Address
Grigol Lortkipanidze St, 3

Nearby travel times

Walk to sea
11 min
Walk to park
1 min
Walk to school
12 min
Nearest major mall
Grand Mall
Drive to mall
2 min
Surmanidze is a Georgian real estate developer with market history since 2018 and 4 completed projects and 1 current project visible in the portfolio. On HomeRadar, the developer is represented by projects such as Elysium, Petre Bagrationi St, 156, Your Space, and Aleksandre Sulaberidze St, 80. The portfolio has a clear focus on Heroes Alley, one of the more recognizable Batumi search locations. This profile suits buyers who want several options under one developer and prefer to compare price, format and completion stage before choosing.
More about the developer

Elysium

Batumi, Airport, Grigol Lortkipanidze St, 3

Price from
45,360 $
Price per m²
1,400 $ / m²