Ortachala Tower is a beautiful new project which was launched and started construction at the end of 2018 and is scheduled for completion in December 2020. For anyone looking for an apartment that they can move into quickly, this is probably not the project for you. However, for any investor looking for long payment terms and rapid capital appreciation from a small initial investment, Ortachala Tower could very well be the perfect project for you.
Ortachala Tower is a slim and elegant tower standing 31-storeys high, which will make it one of the tallest towers in the city upon completion. Located just to the east of the River Mtkvari on the borders of Ortachala and Isani. All apartments here from the tenth floor and above will enjoy stunning views of the river and the green hillsides of Ortachala/Krtsanisi beyond. Other facilities offered to owners here include 24-hour security, a concierge service and a garden area with a children’s playground. Covered parking is also available for an additional cost of $8,000.
In total, Ortachala Tower will contain 195 apartments, with just six or seven apartments per floor. The developer sold out of the smaller and more affordable 46.3m2 and 56.2m2 apartments at the end of 2019. However, we have one beautiful 56.2m2 resale available on the 27th floor with the best views that the project has to offer – looking straight towards the Old Town. There are also larger -sized one-bedroom apartments still available – of either 61.1m2 or 77.3m2. For anyone looking for larger apartments, two-bedroom apartments of either 71.5m2 or 93m2 are available, going up to three-bedroom apartments that are available as either 101.1m2 or 149.2m2.
Ortachala Tower offers an excellent payment plan, requiring a deposit payment of 30%, with the remaining 70% in monthly installments over a period of three years. With construction being completed at the end of December 2020, this means that you can move into your new apartment here a year before you make the final payment. This combination of low prices and a long payment plan is perfect for anyone looking for rapid capital appreciation.
The excellent location, facilities and beautiful views from the upper floors also make Ortachala Tower the perfect project for anyone looking for maximum rental income as well. With the project being located just ten minutes’ by taxi from the heart of Tbilisi’s Old Town, apartments here are suitable for renting to tourists on a short term basis.
- 24/7 Reception
- 24/7 Security
- Children's Playground
- Concierge Service
- Mountain Views
- River Views