About the city – Batumi
Batumi is a major port city in the enchanting Agra region steeped in streams and waterfalls, mountains, springs and a pastoral green landscape on every corner, Batumi is located on the shores of the Black Sea, offering tourists magical beaches and a well-developed promenade , Folklore evenings and traditional meals, and a wide range of activities for children
Batumi is considered one of the most attractive investment destinations in Europe, according to the prestigious Forbes magazine, resort tourism is growing by tens of percent every year and the government provides benefits and tax breaks to investors, making it a particularly lucrative destination for private and institutional investors.
In recent years, thousands of Israeli investors have purchased apartments in projects in the city, which allows them to enjoy high yields, attractive value increases and significantly cheaper apartment purchase prices relative to most countries in Europe and Israel.
About the project
STEPS was built by Premium Group in collaboration with an international hotel brand – Preferred Hotels and resorts That owns more than 800 hotels and resorts worldwide
STEPS is a completely new approach in the field of real estate – a project that creates maximum conditions for comfort and A sense of unity with nature in an urban environment
The only project in Batumi with its own botanical garden featuring a children’s corner and an open/indoor pool
STEPS will also serve as a prestigious business center that will attract business tourism throughout the seasons
General Information
- Luxurious hotel complex and luxury vacation apartments with 27 floors
- International Chain Hotel and Business Center Preferred Hotels and resorts
- Flagship Project of Premium Group in Batumi
- 50 meters from the promenade
- 150 meters from the beach
- Project will be completed by the end of 2022
The hotel includes
- Restaurants
- botanic gardens
- Spa centers
- Pools
- Gym
- Room and cleaning services
- Private and covered parking
- Laundry/Dry Cleaning
- Business Lounge
- Meeting rooms
Return and payment terms
- Rental yield – Developer’s expectation 15%
- Increase in the value of the apartment – the developer’s expectation 20%-30%.
- 15% advance.
- The balance in 17 interest-free and linkage payments is paid according to the pace of construction progress.
