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Prestige House

Batumi, Old Batumi, Vazha-Pshavela St, 17

AI Investment Summary
31
Final score
31
50
Liquidity
50
Net yield
3%
Capital growth
0
ADR
USD 103
Occupancy
57%
Annual net rent
USD 16,091
Primary Strategy: Balanced

Overview

Prestige House Key benefits: 500m to the sea. 7-storey premium residential building. 2 passenger elevators + 1 freight. Underground parking. Location: 17 Vazha-Pshavela St, Batumi. Near Nurigeli Park and Lake, Batumi Dolphinarium (900m), 500m from seafront. Tech: Monolithic-frame. Insulated facade. Natural stone entrance hall. Energy-efficient metal-plastic windows. Amenities: Commercial spaces on first and second floors, guest parking, underground parking. Units: 1-4-bedroom apartments (44.48–386.17 m²). Purchase terms: Installment plans. Mortgage available individually.

Project details

Area range· 44.48-386.17 m²

Construction technology

monolithic-frame

Elevator

2 passenger

Parking

underground
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
Vazha-Pshavela St, 17
Dar Building
Dar Building is a Batumi developer whose official materials say it has been active since 2006. The company develops multifunctional residential complexes, hotels, and apart-hotels, including the large-scale Dar Tower project. On HomeRadar, the developer is represented by projects such as Dar Tower, Prestige House, Dar Twins, and Zurab Gorgiladze St, 92-94. The portfolio has a clear focus on Heroes Alley, one of the more recognizable Batumi search locations. This profile suits buyers who want several options under one developer and prefer to compare price, format and completion stage before choosing.
65
Developer score
65
Established
2006
Projects
1 active · 4 completed

Request offer

Prestige House

Batumi, Old Batumi, Vazha-Pshavela St, 17

Price from
USD 111,200
Price per m²
USD 2,500 / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment 30%

Installment from developer

Provider

Dar Building

Terms

0% installment; down payment 30%

DeveloperDar Building
DistrictOld Batumi
StatusUnder construction