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AI Investment Summary
Final score
Not enough data for an accurate score
60
Liquidity
60
Net yield
5.6%
Capital growth
28.8
ADR
$78
Occupancy
60%
Annual net rent
$12,874
Primary Strategy: Balanced

Overview

Next Downtown Key benefits: 150m to the sea Preserved historic façade from 1888 Only 17 residences 3.23m ceiling height Location: 1 Revaz Komakhidze St, Batumi. Heart of Old Town, 2 min walk to the seafront. Tech: Monolithic-frame. Enhanced sound insulation. Floor-to-ceiling windows. Amenities: Rooftop terrace, landscaped courtyard, restaurant, private parking, elevator, commercial spaces on ground floor. Units: Studios, 1-3-bedroom apartments (26.2–87.7 m²). Finishes: white frame, fully renovated, turnkey. Purchase terms: Mortgage from TBC Bank. Installment plans with 20% down.

Project details

Sales status· AvailableDelivery· 2025Area range· 26.2-87.7 m²

Finish options

White frameFully renovatedTurnkey

Elevators

Yes

Infrastructure

Terrace
Layouts17
Price
$161,460-$220,860
Area
26-88 m²
Layout type
Sort
Status
Plan 209
Apartment 209Available

$161,460

29.9 m²Floor 2Studio
Plan 308
Apartment 308Available

$164,450

29.9 m²Floor 3Studio
Plan 208
Apartment 208Available

$220,860

40.9 m²Floor 21 bedroom
Plan 201
Apartment 201Available
87.3 m²Floor 22 bedrooms
Plan 202
48.1 m²Floor 21 bedroom
Plan 203
26.2 m²Floor 2Studio
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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
Revaz Komakhidze St, 1
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 Downtown

Batumi, Old Batumi, Revaz Komakhidze St, 1

Price from
$106,110
Price per m²
$4,050 / 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%