I'm selling a shovel-ready development in Republic of Georgia. Project partners include Colliers International. The development has first phase planning permission from the national and local government, and formal support from the relevant Government Ministries and Agencies.
Buyer can purchase our majority shareholding in the company that owns the land or purchase the two privately owned land plots from that company. First development plot is 9.5 Ha and second is 51 Ha.
The company also owns ~2000 Ha of long leasehold (31 years left) alpine and pasture agricultural land in the same location. Leased directly from the government. Ideal for livestock farming (sheep and/or beef or dairy cows). Category of land can be changed to non-agricultural for future developments, subject to government approval.
The lands are at an average of 1500m above seal level, located North East of Bakuriani, East of Borjomi and South of Kareli and Kashuri.
Full data room available.
All lands of the company were valued at GEL 23.3m (USD 8.7m) in November 2022, before building permission was granted. Independent audit valuation report available on request.
Open to offers for a quick sale due to change in personal circumstances.
Buyer can purchase our majority shareholding in the company that owns the land or purchase the two privately owned land plots from that company. First development plot is 9.5 Ha and second is 51 Ha.
The company also owns ~2000 Ha of long leasehold (31 years left) alpine and pasture agricultural land in the same location. Leased directly from the government. Ideal for livestock farming (sheep and/or beef or dairy cows). Category of land can be changed to non-agricultural for future developments, subject to government approval.
The lands are at an average of 1500m above seal level, located North East of Bakuriani, East of Borjomi and South of Kareli and Kashuri.
Full data room available.
All lands of the company were valued at GEL 23.3m (USD 8.7m) in November 2022, before building permission was granted. Independent audit valuation report available on request.
Open to offers for a quick sale due to change in personal circumstances.
