Gumbati in Kheivani has a B investment grade. Projected rent is about $5,280 a year after taxes and maintenance costs, with renovation included in simple payback near 11 years. The building is complete and available to inspect; Gumbati Group has six completed projects. A nearby park and school help its everyday appeal, while the shore is a longer walk than from coastal developments.
Overview
Key benefits: 1230m to the sea. Three towers (19-23 floors). Green courtyard (3000 m²). Otis elevators.
Location: 129 Petre Bagrationi St, Batumi. Intersection of Bagrationi Street and Heroes Alley, 4 km from airport.
Tech: Monolithic-frame.
Amenities: Commercial areas, closed territory, green courtyard (3000 m²), children's playground, sports grounds, underground parking for 28 cars, open parking, security, CCTV. Units: Studios, 1-4-bedroom apartments (24.9–114.8 m²).
Finishes: white frame or fully renovated with furniture.
Purchase terms: Interest-free installment with 0-30% down.
Project details
Finish options
Construction technology
Utilities
Elevators
Infrastructure
Security & Safety
Parking
Heroes Alley District: Batumi’s Modern Residential and Business Center
Heroes Alley is one of Batumi’s most rapidly developing central areas, centered around Zhiuli Shartava Avenue and the surrounding streets. The area features modern high-rise residential complexes, commercial spaces, sports facilities, and other urban amenities. Located between Batumi’s historic center and the southern part of the city, the district combines convenient access to the seafront with well-developed urban infrastructure.
Advantages: modern development and a wide selection of new residential complexes; a convenient location in relation to the city center, New Boulevard, and major urban roads; shops, supermarkets, cafés, schools, and other everyday services are located nearby. The district is also home to a major football stadium, while the seafront and beach are within walking distance from many parts of the area. Heroes Alley is developing as a business and commercial hub as well, helping maintain activity throughout the year rather than only during the summer season.
What to consider: the area is still undergoing active development, so construction work may be taking place near some residential complexes. Main roads can experience heavier traffic and increased noise levels during peak hours. The density of high-rise development is gradually increasing, so buyers should consider the location of neighboring and planned projects, as these may affect future views from an apartment.
✅ Who it suits: buyers who want to live in a modern part of Batumi close to the city center and the sea; investors considering property for long-term or short-term rental; families and professionals who value well-developed urban infrastructure; and buyers who prefer new residential complexes in a rapidly developing part of the city.
Nearby travel times
Gumbati in Kheivani
Batumi, Heroes Alley, Petre Bagrationi St, 129
Financing
Bank
TBC Bank
Terms
Mortgage available; down payment from 25%
Provider
Gumbati Group
Terms
Internal installment up to 48 months; down payment from 25%