Finally! For anyone who has been looking for a quality new development right in the very heart of Tbilisi’s historic old town, there is now an option for you, with the launch of Puri Square.
Puri Square is a beautiful renovation project of one of Tbilisi’s most beautiful historic buildings, which dates back to the late 19th-Century. In order to ensure that the quality of the building is as good as any other newly-built projects, the building has been stripped down to just its facade, with the interior of the building being totally rebuilt with all modern conveniences – including modern plumbing and modern electrics throughout. The facade is being lovingly restored by master craftsmen to ensure that the building retains all of the character of the original building, including intricate woodwork on the balconies. The completion date for the project is summer 2019.
In terms of location, Puri Square could not be more ideally situated, being on the junction of Ierusalimi and Betlemi Squares. Here you are less than 100m from Kote Afkhazi Street (the main tourist street through the Old Town). Shardeni is less than 200m from here, and Liberty Square just 250m from here. This location is better than just about any luxury hotel in Tbilisi!
With just four floors, Puri Square is a small, boutique project containing less than twenty apartments – and the majority of these were sold within just a few weeks of the launch in December 2017. As a result, anyone looking to buy into this totally unique project needs to act quickly as there are already very few apartments remaining.
There is currently just one small apartment remaining on the project – a 31.0m2 one-bedroom apartment for $77,500
For this apartment, we are forecasting net annual yields of 12.8% per annum.
The final two apartments remaining for sale on this unique and very popular project are the best that the project has to offer, as they all come with huge private roof terraces with views to the historic castle at the top of the hill overlooking the Old Town. One apartment contains 50.5m2 of internal space and 45m2 of private roof terrace, at a price of $171,900. The other option is larger, with 82.4m2 of interior space, a 19.4m2 balcony and 57.9m2 of private roof terrace – at a price of $287,460.
These price are including full finishing, with the exception of bathroom fittings and a fitted kitchen.
Because this is an existing building, buyers here don’t need to wait for completion before registering the property. It can be registered immediately after full payment is made. This is ideal for anyone looking for Residence in Georgia because buyers can apply immediately.
Anyone looking for a unique investment in Tbilisi’s very best location should act quickly to secure one of the last remaining units before it is too late.
- Mountain Views
- Roof Terrace