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AI Investment Summary

The Parallel carries a B investment grade. Projected rent is about $6,090 a year after taxes and maintenance costs, implying simple payback of roughly 10.5 years once the apartment is let. The Heroes Alley location, with a park and school close by, is its clearest advantage. Delivery is indicated for 2027, so the rental period starts only after handover.

70.4
Final score
70.4
100
Liquidity
100
Net yield
9.5%
Appreciation potential score
54.5/100
Exit score
73.8/100
Investment grade
B
ADR
45 $
Occupancy
57%
Annual net rent
6,094 $
Primary Strategy: Balanced

Overview

Key benefits: 500m to the sea. Two 35-storey towers. 14 penthouses available. Underground parking.

Location: 19-23 Tbel Abuseridze St, Batumi. Near Heroes Alley, Dancing Fountains, House of Justice, 10 min from airport.

Tech: Monolithic-frame. Brick exterior walls. Floor-to-ceiling panoramic windows. Open balconies with tempered glass railings.

Amenities: Landscaped courtyard, walking paths, multi-level outdoor lighting, underground parking, 24/7 security, concierge service.

Units: Studios, 1-3-bedroom apartments (32.5–184.3 m²). Black frame finish.

Purchase terms: Mortgage from TBC Bank. Installment plans from 15% down.

Project details

Construction status· Under constructionDelivery· 2027Area range· 32.5-184.3 m²

Finish options

Black frame

Construction technology

Monolithic frame

Elevators

Yes

Parking

Underground

Security & Safety

CCTVReception

Utilities

Gas

Infrastructure

Children's playground
Layouts
Layouts are not published for this project yet.
Location

Heroes Alley District: Batumi’s Modern Residential and Business Center

Heroes Alley is one of Batumi’s most rapidly developing central areas, centered around Zhiuli Shartava Avenue and the surrounding streets. The area features modern high-rise residential complexes, commercial spaces, sports facilities, and other urban amenities. Located between Batumi’s historic center and the southern part of the city, the district combines convenient access to the seafront with well-developed urban infrastructure.

Advantages: modern development and a wide selection of new residential complexes; a convenient location in relation to the city center, New Boulevard, and major urban roads; shops, supermarkets, cafés, schools, and other everyday services are located nearby. The district is also home to a major football stadium, while the seafront and beach are within walking distance from many parts of the area. Heroes Alley is developing as a business and commercial hub as well, helping maintain activity throughout the year rather than only during the summer season.

What to consider: the area is still undergoing active development, so construction work may be taking place near some residential complexes. Main roads can experience heavier traffic and increased noise levels during peak hours. The density of high-rise development is gradually increasing, so buyers should consider the location of neighboring and planned projects, as these may affect future views from an apartment.

✅ Who it suits: buyers who want to live in a modern part of Batumi close to the city center and the sea; investors considering property for long-term or short-term rental; families and professionals who value well-developed urban infrastructure; and buyers who prefer new residential complexes in a rapidly developing part of the city.

City
Batumi
District
Heroes Alley
Address
Tbel Abuseridze St, 19-23

Nearby travel times

Walk to sea
16 min
Walk to park
4 min
Walk to school
4 min
Nearest major mall
Grand Mall
Drive to mall
4 min
Metropol has projects in Batumi, including Oval, Cube and The Parallel. Public information about the company is still limited, so buyers should focus on the specific project: location, construction stage, layouts, payment terms and current availability. HomeRadar keeps the AI Rating hidden until there is enough verified data on the developer’s delivery history, project track record and transparency. The rating will be updated as additional information is confirmed.
More about the developer

The Parallel

Batumi, Heroes Alley, Tbel Abuseridze St, 19-23

Price from
63,958 $
Price per m²
1,641 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 15%

Installment from developer

Provider

Metropol

Terms

Installment available

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