Next Downtown is complete, allowing buyers to inspect the apartment and its Old Batumi setting before committing. The rental model points to about $9,470 a year after taxes and maintenance costs, with simple payback of roughly 17 years. An existing building removes the wait for construction, but the projected return is modest for an investor seeking quick payback. Next Group has five completed projects. The particular apartment and its letting terms will still shape the result.
Overview
Project details
Finish options
Elevators
Infrastructure
Parking
161,460 $
164,450 $
220,860 $
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.
Nearby travel times
Next Downtown
Batumi, Old Batumi, Revaz Komakhidze St, 1
Financing
Bank
TBC Bank
Terms
Mortgage available; down payment from 20%
Provider
Next Group
Terms
0% installment; up to 48 months; down payment from 20%