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AI Investment Summary

New Boulevard Elegance carries a C investment grade. The model estimates about $5,760 a year in rent after taxes and maintenance costs, with simple payback around 14 years. Bat Towers has four completed projects, and this building is ready. The shore and park are walkable, while the unit's condition and longer trips to school and transit will matter to tenants.

62.3
Final score
62.3
60
Liquidity
60
Net yield
7%
Appreciation potential score
44/100
Exit score
44.2/100
Investment grade
C
ADR
48 $
Occupancy
61%
Annual net rent
5,764 $
Primary Strategy: Balanced

Overview

New Boulevard Elegance Key benefits: 50m to the sea (first line). 20-storey residential building. 2.9m ceilings. Kone elevators. Location: 2 Zgvispiris St, Batumi. Airport district, 50m from beach, near Lech and Maria Kaczynski Park, Metro City Mall, 3 km from airport. Tech: Monolithic-frame (7-point seismic resistance). Pumice block walls. Emergency diesel generator. Energy-saving double-glazed windows. Amenities: Commercial premises on ground floor (shops, cafes, fitness center), underground parking, guest parking, 24/7 CCTV, landscaping with ornamental trees and flower beds. Units: Studios, 1-3-bedroom apartments (31–75 m²). Ceilings 2.9m. Green frame finish. Purchase terms: Mortgage from TBC Bank. Installment for 3 years with 30% down.

Project details

Construction status· CompletedArea range· 31-75 m²

Finish options

Green frame

Construction technology

Monolithic frame

Utilities

GasWaterElectricitySewerageHeating systemInternet

Elevators

Passenger

Infrastructure

Commercial areas

Security & Safety

Closed territoryCCTV

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
Zgvispiris St, 2

Nearby travel times

Walk to sea
9 min
Walk to park
6 min
Walk to school
25 min
Nearest major mall
Metro City Forum AVM
Drive to mall
2 min
Bat Towers is a Batumi construction and development company founded in 2016 by professional architects and builders. Official materials say the team has designed and built dozens of multi-storey residential houses, hotels, and other facilities in the city. On HomeRadar, the developer is represented by projects such as New Boulevard Residence, Bat Towers, New Bat Group, and Nova 2012. The portfolio has a clear focus on the Khimshiashvili corridor, one of the more recognizable Batumi search locations. This profile suits buyers who want several options under one developer and prefer to compare price, format and completion stage before choosing.
More about the developer

New Boulevard Elegance

Batumi, Khimshiashvili, Zgvispiris St, 2

Price from
82,000 $
Price per m²
1,778 $ / m²