Tbilisi, Abanotubani
Grishashvili St.
Historical House with Hidden ValueA unique, freestanding historical house is up for sale in the absolute tourist and cultural heart of Old Tbilisi. This property offers maximum flexibility, making it perfect either as a high-end private residence or a highly profitable commercial project with guaranteed ROI.Key Structural Advantages:Bonus Spaces (Not Included in the Registered Living Area): The property features an authentic brick basement and a private garage. You are essentially buying "hidden square footage" at no extra cost.Zero Neighbor Issues: The house has no shared walls or boundaries with neighbors on its side. This grants you 100% legal, structural, and architectural freedom for reconstruction, avoiding years of typical neighbor disputes in Old Tbilisi.Unprecedented Parking for the City Center: Next to the building, there is a private side space accommodating up to 3 cars comfortably. Together with the garage, you get 4 secure parking spaces—a luxury that is practically non-existent in this historic zone.Top 3 Investment Scenarios:Authentic Boutique Hotel + Traditional Kvevri Wine Cellar: Convert the upper floors into premium guest rooms, and transform the beautiful vaulted brick basement into a tourist-magnet wine-tasting lounge.Fine Dining Restaurant: The historic architecture is tailor-made for a luxury restaurant. The side parking space can easily be converted into an exclusive open-air summer terrace.Premium Airbnb Apart-Hotel: Divide the property into independent studios. Properties in Old Tbilisi with private parking command a 30-40% price premium on booking platforms.Don't miss the chance to acquire a rare, autonomous asset in a premium location where land values constantly appreciate.
