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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.