Next Address earns an A investment grade in the model and has a comparatively strong projected rental return. Estimated annual rent is about $5,420 after taxes and maintenance costs, implying simple payback of roughly 11 years once letting begins. Next Group has five completed projects. The trade-off is time: handover is planned for Q4 2028, so the apartment cannot generate rent before then. Its Heroes Alley location makes it worth considering for buyers comfortable with that wait.
Overview
Project details
Finish options
Construction technology
Utilities
Elevators
Infrastructure
Parking

68,490 $

70,587 $

71,953 $

71,953 $

71,953 $

72,633 $
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
Next Address
Batumi, Heroes Alley, Tbel Abuseridze St, 11
Financing
Bank
TBC Bank
Terms
Mortgage available; down payment from 20%
Provider
Next Group
Terms
0% installment; up to 48 months; down payment from 20%