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AI Investment Summary

Lux Residence has a B investment grade. Projected rent is about $4,920 a year after taxes and maintenance, with renovation included in simple payback around 11 years once letting begins. Nev-Bat Group has two completed projects. The model is encouraging, while rental income still depends on handover.

69.3
Final score
69.3
60
Liquidity
60
Net yield
9.2%
Appreciation potential score
56/100
Exit score
45.8/100
Investment grade
B
ADR
41 $
Occupancy
61%
Annual net rent
4,923 $
Primary Strategy: Balanced

Overview

Lux Residence (Nev-Bat Group) Key benefits: 630m to the sea. 20-storey residential tower. 3m ceilings. Underground parking. Location: 20 Grigol Eliava St, Batumi. Near Public School No. 27, Lech and Maria Kaczynski Park, Metro City Mall, 3 km from airport. Tech: Monolithic-frame. Brick walls. Neutral color palette. High-speed imported elevators. Amenities: Partially enclosed private courtyard, rest areas with eco-friendly pergolas and benches, children's playground, underground parking, guest parking, wide paved walkways, vehicle access lanes, modern streetlights, lawns, flowerbeds, decorative shrubs, 24/7 video surveillance. Units: Studios, 1-2-bedroom apartments (28–84.6 m²). Ceilings 3m. White frame finish. Purchase terms: Mortgage from TBC Bank.

Project details

Construction status· Under constructionDelivery· 2026Area range· 28-84.6 m²

Finish options

White frame

Construction technology

Monolithic frame

Utilities

GasWaterElectricitySewerage

Elevators

Yes

Parking

Underground

Infrastructure

On-site child amenity
Layouts
Layouts are not published for this project yet.
Location

Khimshiashvili District: Authentic Seaside Living at Accessible Prices

Located between Batumi’s Old Town and New Boulevard, Khimshiashvili is a calm, well-established neighbourhood with a genuine local character. Away from the busiest tourist areas, it is known for its open-air markets, family-run cafés serving local cuisine, public schools and convenient access to everyday services.

Pros: Proximity to the sea, with the beach within walking distance from many parts of the neighbourhood; a peaceful, unhurried residential atmosphere; fresh produce at accessible prices in local markets; and generally more affordable property options than in Batumi’s premium resort districts.

Cons: Much of the area consists of older apartment buildings and private houses, with fewer modern residential developments. The choice of leisure and resort-style amenities is also more limited, as this is primarily a residential neighbourhood rather than a tourist district.

✅ Who it suits: Local residents and international buyers looking for their first home in Georgia at a reasonable price; practical buyers who want to live within walking distance of the sea without paying a premium for a resort location; and families with school-aged children who value access to nearby schools and kindergartens.

City
Batumi
District
Khimshiashvili
Address
Grigol Eliava St, 20

Nearby travel times

Walk to sea
16 min
Walk to park
11 min
Walk to school
2 min
Nearest major mall
Grand Mall
Drive to mall
8 min
Nev-Bat Group is a Georgian real estate developer with market history since 2016 and 2 completed projects and 2 current projects visible in the portfolio. On HomeRadar, the developer is represented by projects such as Lux Residence, Zhiuli Shartava Ave, 28, Nova 2012, and New Bat Group. The portfolio is focused on liquid Batumi locations such as the Khimshiashvili corridor and Heroes Alley. The offer is most relevant for buyers who prioritize a specific city location and want to compare the project on its own merits.
More about the developer

Lux Residence

Batumi, Khimshiashvili, Grigol Eliava St, 20

Price from
35,500 $
Price per m²
1,150 $ / m²