Private Introduction · Georgia
17-unit heritage conversion behind a preserved 1888 facade in protected Old Town Batumi
A boutique heritage conversion in the heart of Batumi's historic district — just 17 units behind a preserved 1888 facade, finished with European premium brands. One of the few developments in Old Town Batumi combining period architectural character with modern turnkey delivery. Now completed and ready for occupancy or rental. The historic district carries a heritage designation enforcing strict limits on new construction, height, and density — a regulatory barrier functioning as a permanent supply constraint. Old Town properties attract cultural tourists and digital nomads willing to pay premiums for heritage character and walkable access. The three-storey building preserves its original 1888 facade while delivering modern interiors with 3.23m ceilings. Studios, 1- and 2-bedroom apartments finished turnkey with premium European brand fittings.
$146.5K – $427.8K
Price
Q3 2027
Completion
Payment Terms
20% down payment • 0% interest over 24 months
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Why This Opportunity
01
A boutique conversion preserving an 1888 facade with modern luxury interiors at 3.23m ceilings and European-brand specifications. Old Town Batumi's heritage designation means no comparable new-build projects can be developed in this district.
02
Fully delivered and available for immediate occupancy or rental operation. Located next to Piazza Square and 300 metres from the coast — the kind of address that generates short-term rental enquiries through walk-in traffic alone.
03
Old Town properties attract cultural tourists and digital nomads willing to pay premiums for heritage character and walkable access. This guest profile books longer stays and generates more consistent annual occupancy than beach-season-dependent demand.
04
Georgia's fiscal framework charges no stamp duty, no transfer tax, and no capital gains tax on properties held longer than two years. For a completed heritage asset in a supply-constrained district, this tax efficiency amplifies returns and exit value.
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