Old City Panorama is an exciting new project for either those looking to invest in exclusive rental properties that are sure to be in high demand with tenants – both short-term or long-term – or just as a super-luxury home for themselves.
The project occupies an ideal location on the right-side of the river, located on the borders of Chughureti and Avlabari. There is a road leading straight down to the river less than 200m from the project. This location means that it is possible to walk to either the Old Town or the pedestrianized part of David Aghmashenebeli Street in less than 20 minutes. But what makes Old City Panorama really special is the views that come from the majority of apartments here. The majority of apartments have beautiful views over the Old Town and Mtatsaminda Hill. Please scroll through the pictures above in order to see how beautiful the views are.
Scheduled for completion in December 2022, the first phase of the project is truly exclusive, comprising just 38 apartments spread across three separate low-rise buildings, each of seven or eight floors. The architecture of the project is magnificent, combining historic Georgian designs with large wooden balconies together with more modern elements of brick, glass and steel.
Apart from the excellent location and stunning views, the other major factor which makes Old City Panorama truly unique are the facilities that are on offer to guests and residents of the project. As you would expect to find in a luxurious boutique hotel, the project has 24/7 security and a concierge service. There will be an on-site restaurant offering room service to all apartments. The project contains two outdoor swimming pools. There is a large, 18x8m2, pool and a smaller plunge pool, both located on the roof terraces, which means that you can enjoy the views while you swim. Inside the project is a fully-equipped fitness centre plus a spa centre. Parking spaces at the project are available for an additional cost of $20,000, with an optional car wash service available.
Despite the high level of amenities here, buyers need not worry about high maintenance fees as they will be a maximum of GEL 1 ($0.30) per m2 per month. For those services such as the spa centre and food from the restaurants, owners will be able to enjoy good discounts.
There is a good range of apartment sizes available at Old City Panorama, starting with one-bedroom apartments ranging in size from 39m2.
Prices at Old City Panorama depend on the floor and the view, starting at $1500 per m2 and going up to $1800 per m2 (apart from the two penthouse units at $2500 per m2). Prices here are for apartments delivered in ‘green frame’ condition, which means that they come with bare concrete walls, floors, ceilings, no bathrooms, etc. As a result, buyers should budget a minimum of $160 per m2 to make the finishing of their apartments.
The payment plan for the project is the standard one for Tbilisi, which is 30% on contract, with the remaining 70% over the course of the build in equal monthly installments.
No other project which is as centrally located as Old City Panorama offers this level of facilities, making this a totally unique investment opportunity. The smaller apartments with the best views are likely to sell through fast, so interested investors should act quickly to secure one of the best apartments.
Floor Plans & Pricing
- 24/7 Reception
- 24/7 Security
- Car Wash Service
- Children's Playground
- Concierge Service
- Fitness Centre
- Mountain Views
- Roof Terrace
- Spa Centre
- Swimming Pool