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AI Investment Summary

Ikon is under construction and carries a C investment grade. The model points to about $5,270 in annual rent after taxes and maintenance, with simple payback near 12 years once letting starts. Access to school and the seafront could support demand, while the chosen unit and occupancy will drive the result.

62
Final score
62
60
Liquidity
60
Net yield
8.5%
Appreciation potential score
50.4/100
Exit score
41/100
Investment grade
C
ADR
43 $
Occupancy
61%
Annual net rent
5,274 $
Primary Strategy: Balanced

Overview

Ikon (Ikon Development) Key benefits: 350m to the sea. 21-storey residential tower. 3m ceilings. Stylobate rooftop with pool. Location: 26 Angisa St, Batumi. New Boulevard district, near Lech and Maria Kaczynski Park, 3 km from airport. Tech: Monolithic-frame. Facade panels. Panoramic windows. Spacious balconies. High-speed quiet elevators. Amenities: Stylobate rooftop with swimming pools and sun loungers, children's playground, quiet zones with benches, fitness center, supermarket, commercial spaces on ground floor, 3-level underground parking (38 spaces), landscaped courtyard with lawns and shrubs, 24/7 video surveillance, reception. Units: Studios, 1-2-bedroom apartments (33.4–71.1 m²). Ceilings 3m. White frame finish. Purchase terms: Mortgage from TBC Bank. Installment from 20% down.

Project details

Construction status· Under constructionDelivery· 2027Area range· 33.4-71.1 m²

Finish options

White frame

Construction technology

Monolithic frame

Utilities

ElectricityWaterGasSewerage

Elevators

Passenger

Infrastructure

Landscaped yardSwimming poolChildren's playgroundFitness centerCommercial areasPlayground

Parking

Underground

Security & Safety

CCTVReception
Layouts46Last update: Oct 16, 2026
Price
61,975 $-146,985 $
Area
33-72 m²
Layout type
Sort
Status
3D plan 17-5

61,975 $

33.5 m²Floor 17Studio
3D plan 17-6

62,345 $

33.7 m²Floor 17Studio
3D plan 18-5

63,650 $

33.5 m²Floor 18Studio
3D plan 18-6

64,030 $

33.7 m²Floor 18Studio
3D plan 19-5

67,000 $

33.5 m²Floor 19Studio
3D plan 19-6

67,400 $

33.7 m²Floor 19Studio
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
Angisa St, 26

Nearby travel times

Walk to sea
9 min
Walk to park
9 min
Walk to school
3 min
Nearest major mall
Grand Mall
Drive to mall
2 min
Ikon Development has projects in Batumi, including Ikon. Public information about the company is still limited, so buyers should focus on the specific project: location, construction stage, layouts, payment terms and current availability. 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 as additional information is confirmed.
More about the developer

Ikon

Batumi, Khimshiashvili, Angisa St, 26

Price from
61,975 $
Price per m²
1,600 $ / m²

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