Next Magnolia has a B investment grade, with modelled rent of about $4,540 a year after taxes and maintenance costs. Simple payback is roughly 13 years once the apartment can be let. Next Group has completed five projects, while this one is planned for handover in Q4 2028. That wait is the main trade-off for investors. The model includes a renovation allowance in the investment base, so the payback figure is not based on the bare unit cost alone.
Overview
Project details
Finish options
Construction technology
Elevators
Infrastructure
Parking
Security & Safety
Utilities

41,470 $

41,600 $

41,730 $

41,730 $

42,372 $

44,200 $
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.
Nearby travel times
Next Magnolia
Batumi, Khimshiashvili, Airport Highway 96
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%