Gagarin Tower is an ideal project for anyone with a small budget who specifically wants to buy in the busier part of Saburtalo close to the river and Pekini Street. The project is also ideal for anyone looking to obtain Residence in Georgia, as the most affordable apartment here is just over the $35,000 minimum required for Residence. The project is due for completion in June 2019, but the Cadastrial Codes for all apartments here are already in place. This means that you can apply for Residence as soon as you have paid for the apartment.
Gagarin Tower is a 14-storey building tower development which is the second phase of an existing project – so potential buyers can check out the quality of construction from the first building. The project is located on Gagarini Street, behind the famous Bank of Georgia building. There are many shops and cafes within easy walking distance of the project. The major shopping street of Pekini starts just 400m from the project.
Owners here are protected with CCTV cameras throughout. Parking places are available for $12,000 per place. However, as this project is located so centrally and is on a major bus route, owning a car is hardly necessary in this location.
Whereas many developers are building large apartments that are priced outside the reach of many buyers, all of the apartments at Gagarin Tower are compact, which makes them easily affordable. All but the top two floors have the same floorplan, consisting of three one-bedroom apartments and two two-bedroom apartments.
The sizes of the one-bedroom apartments are 35.0m2, 40.2m2 and 56.3m2, while the two-bedroom apartments come in 60.8m2 and 70.8m2 variants. Many of these apartments have partial views – either of the river, or of Mtatsaminda Hill.
Prices at Gagarin Tower are $1015 per m2, which means that the price of the smallest apartment is only $35,525 – just above the minimum required for obtaining Residence in Georgia. All of the apartments here are sold in ‘white frame’ condition, which means that they come with bare concrete walls, floors, ceilings, no bathroom, etc. The price for finishing an apartment would start from $150 per m2.
The payment plan at Gagarin Tower is 50% upon contract, with the remaining 50% spread over the remainder of the build, in equal monthly installments.
The number of 35.0 and 40.2m2 apartments remaining is very low now, so anyone looking to purchase on this project should act quickly to secure one of the last available units.
Floor Plans & Pricing
- Children's Playground