Prestige House

AI Investment Summary

Prestige House is complete, but its investment grade is D. The model estimates about $6,360 a year in rent after taxes and maintenance costs, while simple payback exceeds 30 years. That is a weak fit for a buyer seeking a timely rental return. The case for personal use is clearer: the apartment can be inspected, with a school and park nearby. Its condition and asking price matter most.

55.5

Final score

55.5

Liquidity

Net yield

4.9%

Appreciation potential score

42/100

Exit score

27.9/100

Investment grade

ADR

65 $

Occupancy

57%

Annual net rent

9,466 $

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

Construction status· CompletedArea 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

Nearby travel times

Walk to sea

15 min

Walk to park

3 min

Walk to school

4 min

Nearest major mall

Grand Mall

Drive to mall

6 min

Dar Building

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