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Midtown

Batumi, Downtown, Vakhtang Gorgasali St, 99

AI Investment Summary
43.9
Final score
43.9
60
Liquidity
60
Net yield
3.7%
Capital growth
33.2
ADR
USD 91
Occupancy
39%
Annual net rent
USD 9,689
Primary Strategy: Balanced

Overview

Midtown by Gumbati Group is a 14-storey residential project in central Batumi, located about 500 meters from the sea. The project includes 57 apartments, commercial spaces on the first floor, and apartment layouts from approximately 53.1 m² to 144.3 m².

Midtown is designed for buyers looking for Batumi real estate close to the beach, 6 May Park, schools, medical services, the Archaeological Museum, and Shota Rustaveli University. The project offers green frame apartments with installed entrance doors, windows, internal partitions, electrical wiring, water and sewage pipes, ventilation, heating pipes, plastered walls, ceiling works, floor screed, gas pipes, and balcony technical points.

The project also includes two Otis elevators, managed common areas, cleaning services, elevator operation, surrounding area maintenance, and security camera infrastructure. Buyers can additionally order interior design services through Gumbati Design.

Midtown is suitable for residential use and conservative long-term investment in Batumi, especially for buyers looking for a compact city project near the Black Sea and everyday urban infrastructure.

Key benefits: 500m to the sea, 14-storey residential building, next to 6 May Park with lake, 3m ceilings.
Location: 99 Vakhtang Gorgasali St, Batumi. Next to 6 May Park, 10 min walk to Batumi Boulevard and beach, near Batumi Plaza, Dolphinarium, Aquarium.
Tech: Monolithic-frame. Brick exterior walls. OTIS elevators. Energy-efficient double-glazed windows.
Amenities: Partially gated courtyard, relaxation area with eco-gazebo, benches, children's playground, guest parking, landscaped grounds with lawns and flowerbeds, 24/7 security cameras.
Units: 2-4-bedroom apartments (53–240 m²). Green frame finish. Open balconies. Some units with large private terraces.
Purchase terms: Mortgage financing available.

Project details

Sales status· availableArea range· 53-240 m²

Finish options

green frame

Communications

panoramic windows
Layouts
Layouts are not published for this project yet.
Location

<p><strong>Modern Resort &amp; Top Investment Hotspot.</strong><br>The area of the new promenade stretching from the Lighthouse to Ureki beach. It's all about glass-and-steel new buildings, European-style walking paths, bike lanes, and beachfront cafes. The most popular zone for buying studios to rent out.</p><ul><li><p><strong>Pros:</strong> Guaranteed sea views in 90% of properties, modern complexes with pools, the best leisure promenade, massive tourist flow.</p></li><li><p><strong>Cons:</strong> Highest property prices in the city, very dense construction (buildings close together), windy in winter, long elevator queues during peak summer season.</p></li><li><p>✅ <strong>Who it suits:</strong> Mid-to-long-term investors (fastest ROI on rentals), foreign digital nomads, lovers of modern architecture and rooftop terraces.</p></li></ul><p></p>

City
Batumi
District
Downtown
Address
Vakhtang Gorgasali St, 99
Gumbati Group is a Georgian construction and development company founded in 1998. Public company profiles describe it as one of Batumi’s established developers, with activity spanning residential, commercial, and infrastructure projects and a long operating history in the city. The stronger-scoring projects include Gumbati Residence and Vakhtang Gorgasali St, 128-134, which stand out for their location and investment profile. The portfolio is focused on liquid Batumi locations such as the Khimshiashvili corridor, Old Batumi, and central Batumi. This makes the developer especially relevant for buyers comparing investment potential, liquidity and long-term resale value.
79
Developer score
79
Established
1998
Projects
6 active · 6 completed

Request offer

Midtown

Batumi, Downtown, Vakhtang Gorgasali St, 99

Price from
USD 95,400
Price per m²
USD 1,800 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 25%

Installment from developer

Provider

Gumbati Group

Terms

Internal installment up to 48 months; down payment from 25%

DeveloperGumbati Group
DistrictDowntown
StatusUnder construction