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AI Investment Summary

New Boulevard Residence has a B investment grade. Projected rent is about $4,920 a year after taxes and maintenance costs, with simple payback near 12.5 years. Bat Towers has four completed projects, and this building is ready. A nearby school and kindergarten support everyday residential appeal, while the shore takes longer to reach on foot.

67.5
Final score
67.5
60
Liquidity
60
Net yield
7.9%
Appreciation potential score
56/100
Exit score
46.9/100
Investment grade
B
ADR
41 $
Occupancy
61%
Annual net rent
4,923 $
Primary Strategy: Balanced

Overview

New Boulevard Residence Key benefits: 300m to the sea. Three towers (13-19 floors). 2.85m ceilings. Underground parking. Location: 1 Zgvispiris St, Batumi. Airport district, near Lech and Maria Kaczynski Park, 3 km from airport. Tech: Monolithic-frame (7-point seismic resistance). Gas blocks. Pumice block internal partitions. Energy-saving double-glazed windows. High-speed European elevators. Amenities: Children's playground with injury-safe coating, green recreation area, landscaping with trees and flower beds, commercial premises (restaurant, cafe, shops), underground parking (2 levels), 24/7 CCTV. Units: Studios, 1-3-bedroom apartments (25.2–121 m²). Ceilings 2.85m. Green frame finish. Purchase terms: Mortgage from TBC Bank. Interest-free installment up to 4 years.

Project details

Construction status· CompletedArea range· 25.2-121 m²

Finish options

White frameGreen frame

Construction technology

Monolithic frame

Utilities

ElectricityWaterSewerageGas

Elevators

Yes

Infrastructure

Commercial areasOn-site child amenity

Parking

Underground
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
Zgvispiris St, 1

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
Bat Towers is a Batumi construction and development company founded in 2016 by professional architects and builders. Official materials say the team has designed and built dozens of multi-storey residential houses, hotels, and other facilities in the city. On HomeRadar, the developer is represented by projects such as New Boulevard Residence, Bat Towers, New Bat Group, and Nova 2012. The portfolio has a clear focus on the Khimshiashvili corridor, 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

New Boulevard Residence

Batumi, Khimshiashvili, Zgvispiris St, 1

Price from
62,000 $
Price per m²
1,155 $ / m²