Description

One of the most attractive investment opportunities in Tbilisi’s commercial real estate market.

We are pleased to present a commercial property of approximately 120 sq. m, located on the ground floor of a newly built modern residential complex at 33 Chavchavadze Avenue, in Vake — one of Tbilisi’s most prestigious and sought-after districts.

The property benefits from a prime street-facing position, excellent visibility, panoramic glazing and direct pedestrian access from the avenue.

The premises are offered in white-frame condition and feature an impressive 5-metre ceiling height, providing excellent potential for creating a stylish two-level space with a mezzanine.

EXCEPTIONAL LOCATION ADVANTAGE

One of the property’s key advantages is its immediate proximity to the upcoming showroom of the legendary luxury automotive brand Rolls-Royce, located literally just a few steps away.

This prestigious neighbourhood creates an exclusive environment and offers additional opportunities for businesses targeting an affluent clientele.

The location is particularly suitable for:

• Luxury boutiques and premium brand stores;
• Flagship showrooms for international brands;
• Exclusive high-end retail concepts;
• Premium art galleries and designer spaces;
• International brand representations.

PROPERTY HIGHLIGHTS

• Address: 33 Chavchavadze Avenue, Vake, Tbilisi.
• Total area: Approximately 120 sq. m.
• Floor: Ground floor.
• Condition: White frame.
• Ceiling height: 5 metres.
• Glazing: Full-height panoramic windows.
• Entrance: Direct pedestrian access from the avenue.
• Building: Newly constructed modern residential complex with apartments on the upper floors.
• Additional potential: Possibility of creating a mezzanine or duplex-style layout, subject to technical feasibility and the necessary approvals.

Vake Park, the district’s business infrastructure and green surroundings with views towards the Mtatsminda hillside are also located nearby.

INVESTMENT TERMS

Asking Price: USD 550,000 + VAT.

The property also offers strong rental potential. The estimated rental rate for this location and type of commercial space is USD 38–40 per sq. m per month + VAT.

Based on an area of 120 sq. m, the potential monthly rental income could reach:

USD 4,560–4,800 + VAT.

WHY CONSIDER THIS OPPORTUNITY?

The combination of a prestigious Chavchavadze Avenue address, panoramic frontage, 5-metre ceilings, proximity to the upcoming Rolls-Royce showroom and the opportunity to create a premium commercial concept makes this property particularly attractive both for owner-occupiers and long-term investors.

An opportunity to acquire commercial real estate in one of Tbilisi’s most prestigious locations, with excellent potential for a luxury business concept or future rental income.