Batumi Studio Apartments

Renovation Details

After doing some research around the Batumi market, we opted with a bit of a unique concept for Georgia. Lets take two studio apartments and create one large double roomed apartment.

That is, one studio becomes the bedroom quarters ( Fitted with a queen and single bed) wall mounted TV, linen press and a bathroom and then a second studio apartment - with an adjoining door which has a second bathroom, kitchen, living space ( we customised this with a unique breakfast bar design) and a larger sofa bed ( acting as another bed if needed for a 4th guest).

Another big advantage, was the balcony space now doubled! And with great views to the Black Sea it was certainly a positive outlook.

So the team got to it, fitting out each of the bathrooms, installing the kitchen and custom made cabinetry and then furnishing it all ready for the market.

Within 4 hours of putting the property online we got a booking! Straight up 3 guests for 6 nights, perfect!!

The space works really well and is perfect for either a family or a couple wanting a more spacious apartment for their holiday.

As this is a brand new renovation just completed and only just open to the market for Summer 2024 we are yet to see the overall returns.

 

 

 

 

 

 

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But from the existing bookings we have received since it went online on the 9th June it has booked out for the next 2 weeks at 95% occupancy at around $47 usd per night.

A good trial run and we think we should see the summer season averaging around $60-$70 per night for this property.

There has also been an offer on the property to purchase it for 10% more than the cost of purchasing and renovating so a strong result for 6 weeks of work.

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NEW PROJECT

Partnership available

This unique apartment has been picked up by the team.
In a fantastic location just a stones throw from the tourism walking street.
Currently about to undergo a full renovation we will be completely stripped with the following to be completed

  • Extending the bathroom - retiling & replacing all plumbing & tapware plus door
  • Installation of a new front door with inbuilt window
  • Reflooring entire space
  • Relining the ceiling
  • Rewiring & installation of new lighting system
  • Brand new kitchen installation
  • Custom wall to bedroom with either glass insert / timber screening
  • Entertainment wall unit installation
  • Installation of linen / wardrobe
  • Installation of Airconditioning
  • Repaint of entire apartment

Once completed the only remaining points will be a furniture fitout.

50% Partnership available for $22,000 USD

CHECK OUT THE CURRENT PROJECTS