Admiral Residence

Batumi, Old Batumi, Iakob Gogebashvili St. 4

AI Investment Summary

32.6

Final score

32.6

Liquidity

Net yield

3.3%

Capital growth

20.6

ADR

USD 103

Occupancy

39%

Annual net rent

USD 11,009

Primary Strategy: Balanced

Overview

Admiral Residence (Indeco) Key benefits: Across the road from the sea. 4-storey residential building. 3m ceilings. Only 13 apartments. Location: 22 Jakob Gogebashvili St, Batumi. Near Black Sea coast, Argo cable car, Batumi Plaza, 15 min from airport. Tech: Monolithic-frame. Light brick facade with arched openings. Massive anchor installation. Mitsubishi elevators. Amenities: Ground floor with cafe and retail spaces, rooftop terrace with pergolas, architectural lighting, lounge area, cafe, underground parking, 24/7 CCTV, security. Units: 1-4-bedroom apartments (35.25–104.07 m², up to 186 m² for 4-bedroom). Ceilings 3m. Fully finished or turnkey. Purchase terms: Contact sales office for pricing and options.

Finish options

fully renovatedturn key

Construction technology

monolithic-frame

Communications

central heating and air conditioning systems

Elevator

passenger

Parking

underground

Layouts

Layouts are not published for this project yet.

Location

The Heart of the City, Old European Charm. The most colorful district with narrow cobblestone streets, 19th-century colonial architecture, and the famous seaside boulevard. Home to the port, Europe Square, top restaurants, and souvenir shops. Life here is vibrant 24/7.<ul><li>Pros: Ultimate walkability (everything is steps away), unique historical vibe, panoramic sea and mountain views, high rental liquidity.</li><li>Cons: Noisy at night, extremely difficult parking, highest price per sq.m., many buildings require full renovation.</li><li>✅ Who it suits: Real estate investors (tourists pay a premium for this address), expats seeking authentic European atmosphere, young people without a car.</li></ul>

City

Batumi

District

Old Batumi

Address

Iakob Gogebashvili St. 4

Indeco

Indeco is a Georgian real estate developer with market history since 2007 and 1 current project visible in the portfolio. On HomeRadar, the developer is represented by Admiral Residence. The portfolio gives buyers exposure to the Airport area, which can work for a more specific location-led search. For buyers, the key is to compare the exact project, price per square metre, construction stage and rental or resale scenario. HomeRadar keeps the AI Rating hidden until there is enough verified data on the developer’s delivery history, project track record and transparency. The rating will be updated after additional verification.

Developer score

Established

2007

Projects

1 active · 0 completed