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AI Investment Summary

Next Address earns an A investment grade in the model and has a comparatively strong projected rental return. Estimated annual rent is about $5,420 after taxes and maintenance costs, implying simple payback of roughly 11 years once letting begins. Next Group has five completed projects. The trade-off is time: handover is planned for Q4 2028, so the apartment cannot generate rent before then. Its Heroes Alley location makes it worth considering for buyers comfortable with that wait.

69.4
Final score
69.4
100
Liquidity
100
Net yield
7.9%
Appreciation potential score
44.6/100
Exit score
76.4/100
Investment grade
B
ADR
40 $
Occupancy
57%
Annual net rent
5,417 $
Primary Strategy: Balanced

Overview

Next Address Key benefits: 700m to the sea Three towers (29-47 floors) Premium real estate in prestigious district Location: 11 Tbel Abuseridze St, Batumi. Near Heroes Alley, Dancing Fountains, House of Justice. 10 min from airport. Tech: Monolithic-frame. High seismic resistance. Panoramic windows. Amenities: Outdoor swimming pool, fitness, lounge, children's room, outdoor terrace, business center, pharmacy, restaurant, underground parking, 24/7 security. Units: Studios, 1-bedroom apartments (31–88.5 m²). White frame finish. Purchase terms: Direct payment. Customizable design.

Project details

Construction status· PlannedDelivery· Q4 2028Area range· 31-88.5 m²

Finish options

White frame

Construction technology

Monolithic frame

Utilities

GasWaterElectricitySewerageHeating system

Elevators

Yes

Infrastructure

Business centerCommercial areasRestaurantSwimming poolFitness centerRecreational areaChildren's playgroundTerraceChildren's playroom

Parking

Underground
Layouts149Last update: Oct 16, 2026
Price
31,620 $-210,295 $
Area
31-89 m²
Layout type
Sort
Status
Plan 1526

68,490 $

34.4 m²Floor 15Studio
Plan 2526

70,587 $

31 m²Floor 25Studio
Plan 2510

71,953 $

31.6 m²Floor 25Studio
Plan 2518

71,953 $

31.6 m²Floor 25Studio
Plan 2520

71,953 $

31.6 m²Floor 25Studio
Plan 2824

72,633 $

31 m²Floor 28Studio
Location

Heroes Alley District: Batumi’s Modern Residential and Business Center

Heroes Alley is one of Batumi’s most rapidly developing central areas, centered around Zhiuli Shartava Avenue and the surrounding streets. The area features modern high-rise residential complexes, commercial spaces, sports facilities, and other urban amenities. Located between Batumi’s historic center and the southern part of the city, the district combines convenient access to the seafront with well-developed urban infrastructure.

Advantages: modern development and a wide selection of new residential complexes; a convenient location in relation to the city center, New Boulevard, and major urban roads; shops, supermarkets, cafés, schools, and other everyday services are located nearby. The district is also home to a major football stadium, while the seafront and beach are within walking distance from many parts of the area. Heroes Alley is developing as a business and commercial hub as well, helping maintain activity throughout the year rather than only during the summer season.

What to consider: the area is still undergoing active development, so construction work may be taking place near some residential complexes. Main roads can experience heavier traffic and increased noise levels during peak hours. The density of high-rise development is gradually increasing, so buyers should consider the location of neighboring and planned projects, as these may affect future views from an apartment.

✅ Who it suits: buyers who want to live in a modern part of Batumi close to the city center and the sea; investors considering property for long-term or short-term rental; families and professionals who value well-developed urban infrastructure; and buyers who prefer new residential complexes in a rapidly developing part of the city.

City
Batumi
District
Heroes Alley
Address
Tbel Abuseridze St, 11

Nearby travel times

Walk to sea
20 min
Walk to park
7 min
Walk to school
1 min
Nearest major mall
Grand Mall
Drive to mall
5 min
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

Next Address

Batumi, Heroes Alley, Tbel Abuseridze St, 11

Price from
68,490 $
Price per m²
1,991 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 20%

Installment from developer

Provider

Next Group

Terms

0% installment; up to 48 months; down payment from 20%

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