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Classified GEO1477974

  • Looking for an investor. Premium-class housing by Community Village.
  • Looking for an investor. Premium-class housing by Community Village.
  •  
Looking for an investor. Premium-class housing by Community Village.
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Looking for an investor. Premium-class housing by Community Village.

20 000 000$ 54 400 000GEL
Tbilisi
October 25, 2023
GEO1477974
Real Estate > Investment
The first IT city in Georgia on the Tbilisi Sea is 60 hectares of carefully designed territories with a large number of services for residents, modern architecture and stunning views, including a research center, offices of IT companies, recreational and entertainment areas, an innovative environment, system implementation smart - city and much more.

Total construction volume: 606806 sq. meters
Residential: 492435 sq meters
Commercial: 63671 sq meters
Educational: 29,000 square meters
Sports: 21,700 sq. meters
Average sale price per square meter: $2000

Project budget: $600 million
$558 million ($920 per square meter, 93%) - construction work
$18 million (3%) - plot
$9 million (1.5%) - other expenses and risks
$6 million (1%) - organizational work
$6 million (1%) - marketing and sales
$3 million (0.5%) - permits and documentation

Project revenue: $1112 million
Projected profit before taxes: $512 million
Expected profit per square meter in a pessimistic scenario: +- $920 (46% of the sales price)
Taxes: $128 million (+- 25%)
Sales period: 6 years
Net income: $384 million

Conditions for investors:
1) Volume of funds raised: $20 million
2) A share of 15% is allocated for investors
3) Upon completion of the project, distribution of profits to the entire company minus funds already paid and return of the initial contribution. Guaranteed payment of 30% per annum
4) The minimum investment volume for one investor is $ 1 million
Tbilisi See on map