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AI Investment Summary
Final score
Not enough data for an accurate score
60
Liquidity
60
Net yield
3.3%
Capital growth
20.6
ADR
$103
Occupancy
39%
Annual net rent
$11,009
Primary Strategy: Balanced

Overview

Admiral Residence (Indeco) Key benefits: Across the road from the sea. 4-storey residential building. 3m ceilings. Only 13 apartments. Location: 22 Jakob Gogebashvili St, Batumi. Near Black Sea coast, Argo cable car, Batumi Plaza, 15 min from airport. Tech: Monolithic-frame. Light brick facade with arched openings. Massive anchor installation. Mitsubishi elevators. Amenities: Ground floor with cafe and retail spaces, rooftop terrace with pergolas, architectural lighting, lounge area, cafe, underground parking, 24/7 CCTV, security. Units: 1-4-bedroom apartments (35.25–104.07 m², up to 186 m² for 4-bedroom). Ceilings 3m. Fully finished or turnkey. Purchase terms: Contact sales office for pricing and options.

Project details

Sales status· Available

Finish options

Fully renovatedTurnkey

Construction technology

Monolithic frame

Utilities

Heating systemAir conditioning system

Elevators

Passenger

Parking

Underground
Layouts
Layouts are not published for this project yet.
Location

Old Town: Historic Charm in the Heart of Batumi

Batumi’s Old Town is one of the city’s most distinctive and atmospheric districts, known for its narrow cobblestone streets, 19th-century architecture and proximity to the seaside boulevard. The area is home to the port, Europe Square, popular restaurants, cafés and souvenir shops, creating a lively urban atmosphere throughout the day and evening.

Pros: Excellent walkability, with major attractions, restaurants and the waterfront close by; a unique historic atmosphere; sea, city and mountain views from selected properties; and strong demand for short-term rentals due to the central location.

Cons: Street noise can be noticeable, particularly in the evening and during the tourist season. Parking is limited, property prices are generally among the highest in Batumi, and many older buildings may require renovation or additional maintenance.

Who it suits: Investors focused on short-term rental demand in central Batumi; international buyers and expats who value historic architecture and an authentic urban atmosphere; and younger residents who prefer a walkable lifestyle without relying on a car.

City
Batumi
District
Old Batumi
Address
Iakob Gogebashvili St. 4
Indeco is a Georgian real estate developer with market history since 2007 and 1 current project visible in the portfolio. On HomeRadar, the developer is represented by Admiral Residence. The portfolio gives buyers exposure to the Airport area, which can work for a more specific location-led search. For buyers, the key is to compare the exact project, price per square metre, construction stage and rental or resale scenario. HomeRadar keeps the AI Rating hidden until there is enough verified data on the developer’s delivery history, project track record and transparency. The rating will be updated after additional verification.
More about the developer

Admiral Residence

Batumi, Old Batumi, Iakob Gogebashvili St. 4

Price per m²
$9,300 / m²