Description

A standalone commercial building with a total area of 580 m² is offered for sale in Saburtalo, one of Tbilisi’s established and sought-after districts, approximately 1 km from State University Metro Station.

The property is situated in a desirable area with convenient transport connections and developed surrounding infrastructure.

Operating Business and Rental Income Opportunity

The building currently operates as a fully equipped dental clinic, ready for continued medical use.

The current owners are willing to sign a 3-year lease agreement with the new owner, at a monthly rental rate of USD 3,500.

This provides the buyer with an opportunity to acquire the property with an existing tenant and generate rental income from the beginning of ownership.

However, the lease arrangement is optional. Should the new owner wish to use the building for their own purposes, they can negotiate the vacation of the premises and implement their preferred project.

Investment Overview

• Asking price: USD 550,000
• Total area: 580 m²
• Proposed monthly rent: USD 3,500
• Annual rental income: USD 42,000
• Gross annual yield: 7.64%
• Estimated payback period: approximately 13.1 years

If the monthly rental rate can be negotiated to USD 4,500, the investment figures improve considerably:

• Annual rental income: USD 54,000
• Gross annual yield: 9.82%
• Estimated payback period: approximately 10.2 years

Additional Investment Potential

The building offers flexibility for various commercial and investment concepts, including:

• Hotel or serviced apartment development.
• Student accommodation.
• Medical centre or clinic.
• Educational centre.
• Other commercial or investment projects.

Its standalone structure, 580 m² of space, existing tenant and potential for alternative use make this property an attractive opportunity for both investors seeking rental income and buyers planning to establish their own business.

Location: Saburtalo, Tbilisi.
Asking price: USD 550,000.