HomeRadar logo
Exclusive
Back to map
AI Investment Summary
Final score
Not enough data for an accurate score
50
Liquidity
50
Net yield
3%
Capital growth
0
ADR
$103
Occupancy
57%
Annual net rent
$16,091
Primary Strategy: Balanced

Overview

Prestige House Key benefits: 500m to the sea. 7-storey premium residential building. 2 passenger elevators + 1 freight. Underground parking. Location: 17 Vazha-Pshavela St, Batumi. Near Nurigeli Park and Lake, Batumi Dolphinarium (900m), 500m from seafront. Tech: Monolithic-frame. Insulated facade. Natural stone entrance hall. Energy-efficient metal-plastic windows. Amenities: Commercial spaces on first and second floors, guest parking, underground parking. Units: 1-4-bedroom apartments (44.48–386.17 m²). Purchase terms: Installment plans. Mortgage available individually.

Project details

Sales status· Sold outArea range· 44.48-386.17 m²

Construction technology

Monolithic frame

Elevators

Passenger

Parking

Underground
Layouts
Layouts are not published for this project yet.
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
Vazha-Pshavela St, 17
Dar Building is a Batumi developer whose official materials say it has been active since 2006. The company develops multifunctional residential complexes, hotels, and apart-hotels, including the large-scale Dar Tower project. On HomeRadar, the developer is represented by projects such as Dar Tower, Prestige House, Dar Twins, and Zurab Gorgiladze St, 92-94. The portfolio has a clear focus on Heroes Alley, 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

Prestige House

Batumi, Old Batumi, Vazha-Pshavela St, 17

Price from
$111,200
Price per m²
$2,500 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment 30%

Installment from developer

Provider

Dar Building

Terms

0% installment; down payment 30%