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AI Investment Summary

Prime Residence has a B investment grade. Projected rent is about $5,270 a year after taxes and maintenance costs, with renovation included in simple payback near 13 years. The building is complete, and Like House has six completed projects. Buyers can inspect a unit before purchase, though reaching the shore and some everyday services is easier by transport.

68.7
Final score
68.7
70
Liquidity
70
Net yield
7.7%
Appreciation potential score
50.4/100
Exit score
58.4/100
Investment grade
B
ADR
43 $
Occupancy
60%
Annual net rent
5,274 $
Primary Strategy: Balanced

Overview

Prime Residence Key benefits: 300m to the sea (3 min walk). 21-storey business-class tower. Coworking space and gym on-site. Underground parking. Location: 6a Zgvispiris St, Batumi. New Boulevard district, 3 min walk to beach and Pearl of Batumi Park, 10 min from airport. Tech: Monolithic-frame. Light-toned facades with glass elements. Eco-friendly materials. Video intercoms in every unit. Amenities: Coworking space with work and lounge zones, fitness center, landscaped outdoor areas, children's playground, sports zones, underground parking, guest parking, scooter parking, 24/7 surveillance, concierge. Units: Studios, 1-3-bedroom apartments (28.18–105.17 m²). Ceilings 2.9m. White frame finish. Purchase terms: Contact sales office for pricing and options.

Project details

Construction status· CompletedDelivery· 2024Area range· 28.18-105.17 m²

Finish options

White frame

Construction technology

Monolithic frame

Elevators

Yes

Infrastructure

Recreational areaChildren's playgroundSports groundBusiness centerFitness centerCoworking

Parking

Underground

Security & Safety

SecurityCCTV
Layouts
Layouts are not published for this project yet.
Location

Airport District: Batumi’s Emerging Growth Area

Located in the southern part of Batumi, around the international airport and close to the New Boulevard, this rapidly developing district is seeing new residential complexes, commercial properties, and urban infrastructure emerge side by side. Buyers are attracted by relatively affordable entry prices and the potential for long-term property value growth as the area continues to develop.

Pros: Convenient transport connections — around 10–15 minutes to central Batumi, depending on traffic, and quick access to the main roads leading towards the Turkish border. The pebble beach is within walking or short driving distance, depending on the property’s exact location. Prices are generally more accessible than in central Batumi, making the area attractive to buyers seeking a modern new-build at a lower entry point. Local markets, shopping facilities, and everyday services are also available nearby.

Cons: Aircraft noise may occasionally be audible, particularly in properties located closer to the airport. Traffic can become heavier during the summer, especially on routes leading towards the Turkish border. The district currently has fewer premium cafés, restaurants, and landscaped parks than central Batumi, although its infrastructure continues to expand.

✅ Who it suits: Investors considering one of Batumi’s developing residential areas; frequent travellers who value proximity to the airport; budget-conscious buyers seeking a modern new-build near the coast without the premium prices of central Batumi; and car owners and business travellers who appreciate convenient road connections.

City
Batumi
District
Airport
Address
Zgvispiris St, 6a

Nearby travel times

Walk to sea
29 min
Walk to park
72 min
Walk to school
38 min
Nearest major mall
Metro City Forum AVM
Drive to mall
5 min
Like House is a Batumi developer founded in 2006. Public profiles describe the company as focused on residential complexes and apart-hotels, with completed projects such as BlueSky Tower and Prime Residence. The stronger-scoring projects include Status House, Prime Residence, and Angle Park, which stand out for their location and investment profile. The portfolio is focused on liquid Batumi locations such as Heroes Alley, Old Batumi, and central Batumi. This makes the developer especially relevant for buyers comparing investment potential, liquidity and long-term resale value.
More about the developer

Prime Residence

Batumi, Airport, Zgvispiris St, 6a

Price from
50,400 $
Price per m²
1,600 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment 30%

Installment from developer

Provider

Like House

Terms

0% installment; up to 20 months; down payment 30%