The government presents at the investment auction in Georgia new objects of real estate in replacement of already sold ones. Attractiveness of this project is due to chances of purchasing property at fair prices along with the simplified procedure of privatization. Owing to this, investors who want to open a company in Georgia or expand the existing business may purchase an asset while saving their time and money.
The investment project we offer for consideration as a potential asset for purchase is a big tourist center in the municipality Bagdati in Imereti. It will be perfect for investors who want to open a hotel in Georgia. Moreover, today it is one of the most popular and profitable trends in the country where non-residents actively forward their investments. For 9 months of 2019, 140,7 mln. USD were invested particularly in hotel and restaurant business, which is 126,6% more than for a similar period of last year. This is the second index of attracted investments among industries of Georgia.
By addressing our company Offshore Pro Group, you obtain a full-scale and diversified legal support, as well as possibility of direct contact with the government of Georgia. If necessary, we may organize a meeting with a representative of the Georgian privatization committee so that you could discuss vital issues regarding purchase of an asset at the auction. With our support, you save time and money that would be wasted on studying of peculiarities of the Georgian legislation and mentality. Our lawyers have a comprehensive knowledge of the Georgian laws, wide experience of working in Georgia, and are native speakers of Georgian language. The price of legal support and mediation with the Georgian government starts from 3 000 EUR.
Georgia positions itself around the world as a tourist country. Every year more and more travelers arrive here; e.g. in 2018 the number of foreign citizens who visited Georgia made 8,7 mln. people, in 2019 the number exceeded 9,3 mln. Travelers are attracted by beautiful nature, mountains and the Black Sea, great number of historical sights, tasty and diverse cuisine, wine and chacha.
Nevertheless, the local government plans to further promote Georgia. As early as until 2025, Georgia plans to host at least 11 mln. people every year. To realize the set goals, the Georgian government is actively promoting the country using international mass media and specialized Internet portals, and arranges meetings with the leading tour operators. In that way, in the end of November 2019 the British Association of Tour Operators named Georgia the best tourist trend of 2020; a similar statement was made by the tourist web portal “Travel Lemming”.
Meanwhile, Georgia is gradually becoming the center of international business of the region. The country had established ideal conditions for making business, which is verified by its high positions in the rating Doing Business, where it has been listed among TOP-10 for two years in a row. On top of it all, the Georgian government applies the active global policy aimed at simplification of access to markets of other countries for Georgian manufacturers. Georgia is leading among countries of the region by the number of applicable agreements on free trade. Such agreements were concluded with: China, EU countries, Great Britain, EFTA countries, CIS, Ukraine, Turkey, and Hong Kong.
Among other benefits of the Georgian jurisdiction are:
Learn more about advantages of business in Free industrial zones of Georgia: Kutaisi, Poti, Tbilisi.
The growing flow of tourists, as well as increasing number of travelers coming for business purposes promote the demand for real estate in Georgia, therefore making this trend an attractive investment, particularly hotel business. Not in vain 7 out of 10 international hotel networks are represented in Georgia and are actively expanding their presence in its regions.
A very attractive lot is for sale at the auction in Georgia, which arouses big interest among businessmen dealing with hotels:
big area of non-agricultural land of 73 500 sq.m. with structures, located in the village Vartsihe, the municipality Bagdati
The municipality Bagdati belongs to the land Imereti, with the namesake city as its center. As of 1 January 2018, approximately 20 000 people live in the municipality. There are almost no towns or villages here, only the forest and mountains.
Bagdati is the biggest town in the municipality, where approximately 5 thousand people live. It is located 25 kilometers to the South of Kutaisi, on the bank of the river Hanitskali, at the crossing of highways Kutaisi-Abastumni and Vani-Zestafoni. This town is famous as the motherland of Vladimir Mayakovski. During a certain period it had born the name of the legendary poet. Also, Bagdati has an important transport designation as the road to the ski resort Sairme runs here (approx. 40 km).
The town has almost no specifically interesting places. In general, all shops, supermarkets, cafes and bank branches are concentrated around two squares. Here you will find the remains of the fortress Tkhmeli that was built by Turks in the XVIII century.
The climate of the region is humid subtropical, with warm soft winter and a relatively hot summer. The average annual temperature is 14 °C, in January – 4,4 °C, in July – 23 °C.
The region has not specific industries; most of the population is engaged in agriculture and wine production.
The region is reasonable to use as a resort; there is already one commercially viable resort here, Sairme, with beautiful nature and many free sources of mineral water.
The land area for sale is located in the village Vartsihe belonging to the Bagdati municipality. The village is in the Western part of Georgia, in the Imereti lowland near the confluence of rivers Rioni and Hanitskali approximately 17 km far from Bagdati and 13 km far from Kutaisi. The population of Vartsihe is approximately 1,5 thousand people..
This place has quite an ancient history. Vartsihe was mentioned by Byzantine authors; that time it was called Rodopolis, which literally translates as “City of Roses”. The Georgian name Vartsihe means “Fortress of Rose”. The town had an important strategic designation, and therefore the East Roman and Sasanian empires had been constantly fighting for it in the VI century. As early as in the period from the XV to the XIX century, the castle of the Imereti king was located here. The castle ruins are listed among cultural monuments of the national importance in Georgia.
Currently, the village Vartsihe is famous for grapes which are used for production of the well-known cognac (manufactured since 1945).
Please also note that the land area for sale is in pedestrian proximity from the reservation area Ajameti, where rare relict Imereti oaks and zelkovas grow.
The land area is located in the Northern part of the village (3,7 km to the center). There are several houses around, but the residential area itself is located a little farther. At a distance 500 m to the South there is the reservation area Ajameti, 400 m to the West – the river Hanitskali that merges with the river Rioni.
Right next to the land area is the important highway Kutaisi-Abastumni.
The land area occupies 73 500 sq.m. It has buildings, water reservoirs, and metal structures on it; trees and even palms grow here.
Buildings are in relatively good state and can be used after reconstruction. Buildings’ areas: 1 248,4 sq.m., 319,46 sq.m., 82,21 sq.m., 31,02 sq.m., 27,5 sq.m., 14,10 sq.m., 8,31 sq.m., 6,96 sq.m., 9,91 sq.m. and three buildings with a similar area — 27,58 sq.m.
Entry to the land area is closed with a fence; it is possible to enter the territory only through the gates.
It should be mentioned that the building on the land area has a status of cultural heritage; also, limitations apply to the area of 2 059 sq.m. There is also a high voltage line 10 kW on the area; the highway Kutaisi-Bagdati-Abastumani-Benara runs nearby. Therefore, construction works need to be approved by the JSC “Energo pro Georgia” and the Department of Automobile Roads of Georgia.
To purchase an attractive lot at the state auction in Georgia, you need to win the auction under the following terms:
A participant of the auction should note that the winner bears quite many obligations:
Besides the abovementioned, the auction winner must within 45 calendar days sign the purchase and sale agreement for property at the National Agency of State Property. Otherwise, results of the auction will be cancelled and the guarantee deposit will be forwarded to the budget.
The company Offshore Pro Group will provide full-scale legal support to participants of the auction, which allow them strengthening their positions during the process. This also allows saving powers and resources when studying the peculiarities of the Georgian legislation. Moreover, we may organize a meeting with a representative of the Georgian government to discuss the terms of purchase of real estate.
To obtain the abovementioned benefits, you need to:
If you are interested in buying real estate in Georgia at an auction, or buying real estate in Tbilisi or other regions of the country, registration of company in Georgia, resident permit in Georgia, feel free to contact us right now info@offshore-pro.info. We will get back to you in the nearest future to answer all your questions.
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