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Next Downtown

Batumi, Old Batumi, Revaz Komakhidze St, 1

AI Investment Summary
45
Final score
45
60
Liquidity
60
Net yield
5.6%
Capital growth
28.8
ADR
USD 78
Occupancy
60%
Annual net rent
USD 12,874
Primary Strategy: Balanced

Overview

Next Downtown Key benefits: 150m to the sea Preserved historic façade from 1888 Only 17 residences 3.23m ceiling height Location: 1 Revaz Komakhidze St, Batumi. Heart of Old Town, 2 min walk to the seafront. Tech: Monolithic-frame. Enhanced sound insulation. Floor-to-ceiling windows. Amenities: Rooftop terrace, landscaped courtyard, restaurant, private parking, elevator, commercial spaces on ground floor. Units: Studios, 1-3-bedroom apartments (26.2–87.7 m²). Finishes: white frame, fully renovated, turnkey. Purchase terms: Mortgage from TBC Bank. Installment plans with 20% down.

Project details

Area range· 26.2-87.7 m²

Finish options

white framefully renovatedturn key

Elevator

yes

Infrastructure

terrace
Layouts
Layouts are not published for this project yet.
Location

<p><strong>The Heart of the City, Old European Charm.</strong><br>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.</p><ul><li><p><strong>Pros:</strong> Ultimate walkability (everything is steps away), unique historical vibe, panoramic sea and mountain views, high rental liquidity.</p></li><li><p><strong>Cons:</strong> Noisy at night, extremely difficult parking, highest price per sq.m., many buildings require full renovation.</p></li><li><p>✅ <strong>Who it suits:</strong> Real estate investors (tourists pay a premium for this address), expats seeking authentic European atmosphere, young people without a car.</p></li></ul><p></p>

City
Batumi
District
Old Batumi
Address
Revaz Komakhidze St, 1
Next Group works in Batumi’s resort and investment real estate segment, including branded and serviced residential formats. The HomeRadar portfolio includes several notable projects: Next Address, Next Downtown, Wyndham Residence Batumi, Radisson Residences, Next Collection, Next Gardens, Next Magnolia and Next White. Next Address stands out in particular as one of the stronger projects by liquidity, investment potential and urban location. This developer is relevant for buyers considering real estate not only for personal use, but also as a rental or capital-growth asset.
49
Developer score
49
Established
2018
Projects
10 active · 4 completed

Request offer

Next Downtown

Batumi, Old Batumi, Revaz Komakhidze St, 1

Price from
USD 106,110
Price per m²
USD 4,050 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 20%

Installment from developer

Provider

Next Group

Terms

0% installment; up to 48 months; down payment from 20%

DeveloperNext Group
DistrictOld Batumi
StatusUnder construction