Uznadze Development

Renovation & Development Details

This property was picked up by the team requiring a complete renovation. No electrical, no gas, no water just a couple of leaky pipes from the floor above and an overflowing sewer pipe!

We designed a unique property to suit an eclectic and modern short term rental but with all of the goodies!

A custom mezzanine floor with double bed was built, creating a hideaway location whilst the lower level contains both a walk in robe and study area with an inbuild desk.

Brand new plumbing and electrical was installed as well as choosing a gypsum lining over the solid plaster. We also reinforced the walls and ceilings using steel to ensure the structural integrity.

Some creative aethetics were used in the dining room to create the custom lit up niche to the wall and the feature timber cladding, adding charm and character on entry and a large custom niche was fitted to the second bathroom for guest convenience.

Lighting was important so we maximised the opportunity to have hanging feature lights in the main rooms whilst also adding downlights and hidden LED strip lights for that extra pop in the kitchen, Stairs of the mezzanine floor and niche areas.

Air conditioners were installed to the living and bedroom and central heaters installed throughout the dwelling for the cooler months in Georgia.

The property now homes 2 bathrooms, kitchen with separate dining/meals, a spacious living room with a feature TV unit and sofa bed allowing for an additional guest to stay and a queen and double bed allowing for 5 guests to stay whilst being just a stones throw from the tourist walking streets and incredible restaurants of Tbilisi such as Ninia's Garden & Unfound Door.

This renovation took just under 3 months including application for a gas meter and the build and installation of the gas box, reinforcing some external walls and re rendering the outside facade area.

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On current government valuation there has been a 15% increase in the property value since the completion of the renovation and since hitting the short term rental market it has been booked for 21 of the 26 nights resulting in an 80% occupancy rate which has been incredible for the investors with a strong ROI forecasted.
  • Purchase price + renovation and furniture $135,000
  • Current valuation - $155,000
  • Forecasted ROI - 11%

Project Gallery

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bedroom

A custom mezzanine floor with double bed was built

Plumbing & Electricity

Brand new plumbing and electrical was installed

Creative aesthetics

used in the dining room and second bedroom

Lighting

Lighting was important so we maximised the opportunity to have hanging feature lights

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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