Next White

AI Investment Summary

Next White is finished and carries a B investment grade in the model. Projected rent is about $5,400 a year after taxes and maintenance costs, implying simple payback of roughly 10.5 years. Its short walk to the coast and completed building make the apartment easier to assess before purchase. Next Group has five completed projects. The choice of unit, its finish and the rental terms will matter more than the headline return alone.

67.3

Final score

67.3

Liquidity

Net yield

9.5%

Appreciation potential score

42/100

Exit score

44/100

Investment grade

ADR

44 $

Occupancy

61%

Annual net rent

5,396 $

Primary Strategy: Balanced

Overview

Next White Key benefits: 150m to the sea. Premium boutique development with hotel-style services. Panoramic sea views from every apartment. Energy-efficient facade. Location: 27 David Mamuladze St, Batumi. New Boulevard district, near Lech and Maria Kaczynski Park, 3.5 km from airport. Tech: 19-storey monolithic-frame. Aerated concrete walls. Energy-saving multi-chamber windows. Amenities: Fitness center, hammam, restaurant on 20th floor with terrace, coworking, children's playground, football pitch, underground parking, 24/7 reception. Units: Studios, 1-3-bedroom apartments (32.2–101.4 m²). Finishes: white frame or turnkey with appliances. Purchase terms: Long-term installments from 10% down payment.

Project details

Construction status· CompletedDelivery· 2024Area range· 32.2-101.4 m²

Finish options

White frameTurnkey

Construction technology

Monolithic frame

Utilities

GasWaterElectricitySewerage

Elevators

Yes

Infrastructure

Children's playgroundSports groundFitness centerRestaurantBusiness center

Security & Safety

Reception

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

David Mamuladze St, 27

Nearby travel times

Walk to sea

3 min

Walk to park

11 min

Walk to school

4 min

Nearest major mall

Metro City Forum AVM

Drive to mall

27 min

Next Group

Next Group works in Batumi’s resort and investment real estate segment, including branded and serviced residential formats. The HomeRadar portfolio includes several notable projects: Next Address, Next Downtown, Wyndham Residence Batumi, Radisson Residences, Next Collection, Next Gardens, Next Magnolia and Next White. Next Address stands out in particular as one of the stronger projects by liquidity, investment potential and urban location. This developer is relevant for buyers considering real estate not only for personal use, but also as a rental or capital-growth asset.

More about the developer