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Aleksidze Merabi Street (Academic City)

Universal commercial space in Saburtalo

Commercial space for sale with a 10-year lease (8 years remaining)

Price

$1,000,000

Specification

Floor area
294 m²

About this property

Commercial space for sale with a 10-year lease (8 years remaining)

The space is leased to an international cosmetics brand. The tenant has made $250,000 worth of renovations to the space, so the lease contract is important to them and should not be terminated if the space is sold.

The area is valued at $1 million + VAT and the monthly income is $6,500 + VAT, resulting in an annual return of 7.8%.

The facility is located in Saburtalo, adjacent to the Sports Palace, on the first floor of a newly built building.