Ortachala City is a major new project which offers affordable apartments within easy walking distance of Old Tbilisi. It’s an ideal choice for anyone on a limited budget who wants to be in a central location. It is also an excellent option for smaller investors looking to profit from Tbilisi’s booming short-term rental market and who are looking for a finished apartment rather than waiting for an offplan project to be completed.
Ortachala shares many of the same benefits as Vake – the most exclusive (and expensive area of the city). Similar to Vake, Ortachala features tree-lined streets with a steep and beautiful hillside at its rear. Also similar to Vake is the fact that there are many embassies in the area, including the British, French and Japanese embassies. Here you will also find some of the best hospitals in the city. However, Ortachala has several advantages over Vake. Whereas Vake is quite far from Old Tbilisi, from Ortachala, it is less than 20 minutes’ walk to the sulfur baths and entertainment options of Old Tbilisi. Traffic in Ortachala is also mild, so you can reach the Old Town in less than five minutes by taxi.
The project consists of five different towers set around a central courtyard, which contains gardens and a children’s playground. There is also secure parking here for an additional cost of $6,000 per place. The towers vary in height from seven floors up to fifteen floors. The last of the five blocks and all common areas were completed in September 2020.
The project is set up a hill in a generally low-rise part of Ortachala. This means that all apartments other than those on the lowest floors will have beautiful views to the green areas surrounding the project.
All of the apartments direct from the developer were sold out as of August 2020, however we have one excellent resale available for our clients. The apartment is on the 12th floor with excellent views of the green hillsides which surround the project. This is a one-bedroom apartment of 57.9m2 available for $44,950.
As is the case with developer apartments in Ortachala City, this apartment is supplied on a ‘white frame’ basis which means that it comes with bare concrete walls, floors, ceilings, no bathroom, etc.. Buyers would need to add a minimum of $160 per m2 in order to purchase a finished apartment. As the apartment is ready for immediate finishing, which means that buyers could be living here in under two months, buyers would need to pay 100% of the price on contract.
The project comes from a leading developer who have already successfully delivered several projects over the past few years. Their construction quality is high, using top-quality insulated concrete blocks to lower heating and cooling costs.
In summary, this apartment at Ortachala City is an ideal choice for anyone looking for a finished apartment in project close to the centre of Tbilisi for a highly affordable price.
- Children's Playground
- Mountain Views