Piaza Residence has a C investment grade. The model estimates about $8,740 a year in rent after taxes and maintenance costs, with simple payback near 10 years once letting begins. Apartment management is listed, and a park and kindergarten are nearby. The building is still under construction, with no handover date stated yet, so the income start date remains open.
Overview
Project details
Construction technology
Elevators
Infrastructure
Parking
Security & Safety
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
Piaza Residence
Batumi, Old Batumi, Vakhtang Gorgasali St, 59
Financing
Bank
TBC Bank
Terms
Mortgage available; down payment from 10%
Provider
Tower Group
Terms
Interest-free installment; up to 48 months; down payment from 10%