Investment property for sale

For sale is a versatile commercial space in the prestigious Saburtalo area on Aleksidze Street, next to King David. This is the first floor of a new luxury building, the area is 205 m² plus an open veranda of 50 m². The space is ideal for an office, cafe, salon, store, pharmacy and other types of activities. All necessary communications, including exhaust and ventilation pipes, have already been installed. The space is currently leased to a leading international company on a 10-year contract, and the current tenant has invested about $ 100,000 in renovation. The annual rental income is $ 92,000, of which the tenant has already paid 16 months. The starting price of the property is $ 999,000 excluding VAT with the possibility of negotiating the terms. The building is located in a strategically advantageous location: spacious stained-glass windows overlook both the courtyard and the Queen Tamar Bridge and the avenue. The property represents an excellent opportunity for long-term investment, as the area will always be in demand for business, and rental rates will rise.
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