Overview
The Property Being Offered
LISI DAO is offered as a single acquisition, covering all 15 titled units, the associated parking rights and both land plots.
The buyer acquires the property as a whole rather than purchasing individual units. Depending on the agreed transaction structure, the acquisition may be completed through a direct property purchase or a purchase of the owning company, subject to legal and financial due diligence.
Property Details
A summary of the property’s registered areas, configuration and sale terms.
Specification
Two buildings, each with three above-ground storeys and one lower level
4,322 m² across both buildings
2,430 m² across 15 titled units
46.8–329.6 m²
1,166 m² in total, including 551 m² of private terraces and a 404 m² roof terrace
527.13 m² and 488.8 m², approximately 1,016 m² combined
46 spaces, including 16 on the lower level and 30 outdoor spaces
1,711 m² across two plots of 810 m² and 901 m²
USD 5,500,000 for the entire property, including 18% VAT
Ownership
Property Ownership and Common Areas
LISI DAO is offered as a single acquisition, bringing all 15 titled units, both buildings and the associated land together under one ownership structure.
Rather than assembling a property through separate apartment purchases, a buyer can assess the entire site as one asset and plan how its buildings, terraces, parking and shared spaces could support its intended operations.
For an institutional owner, this provides a single point of control over the property, subject to registered rights, applicable law and any relevant technical or regulatory requirements.
The result is a more straightforward starting point for planning security, access, internal layouts and shared facilities across the site.
Building status
Building Status and Interior Specifications
Both buildings have completed structural and exterior works, including facades, glazing and roofs. Lifts, the pool shell and common circulation areas are also built. Inside the units, however, the property remains in a shell-conditioned state, locally referred to as green frame.
The interiors have concrete floors, unplastered or partly plastered walls, no internal partitions and no completed internal services fit-out.
For an institutional buyer, this creates scope to plan internal layouts, electrical and data infrastructure, security systems and finishes around the intended use, rather than adapting a fully finished residential interior.
The required fit-out remains the buyer’s responsibility and is not included in the asking price. The scope of existing installations and any additional works should be confirmed through technical due diligence.
Possibilities
Potential Institutional Uses
LISI DAO is currently registered for residential use. This provides a starting point for evaluating accommodation-led concepts, including diplomatic housing, student and faculty residences, staff accommodation and longer-term stays.
Uses involving medical services, teaching facilities or hotel-style operations may require a change of use, planning approval, sector-specific licensing or other authorisations. Requirements will depend on the proposed operating model and must be confirmed with the relevant authorities.
The Asset
A substantial property with the pieces already in place.
4,322
m²
Total built area
2
Completed three-storey buildings
15
Self-contained titled units
2,430
m²
Registered residential area
1,166
m²
Private and roof-level terraces
46
Underground and outdoor parking spaces
1,711
m²
Freehold land across two plots
Pool
On-site swimming pool
Commercial position
Asking Price and Valuation
The entire LISI DAO property is offered at USD 5,500,000, including 18% VAT. An independent valuation assessed the property at USD 6,010,000, including VAT, as of 16 April 2026. The asking price is USD 510,000, or approximately 8.5%, below the valuation.
The valuation reflects the property’s current condition, including shell-finish interiors, and does not assume a future use or projected operating income. VAT treatment depends on the transaction structure and the buyer’s circumstances. Independent tax and legal advice is recommended before proceeding.
Lisi Lake · Saburtalo · Tbilisi, Georgia
Above Lisi Lake, with access to the city
LISI DAO is located on Tsatskhvebi VIII Lane, on the hillside above Lisi Lake in Tbilisi’s Saburtalo district. The property borders the lake’s green zone, combining a natural setting with access to the city’s established residential, educational and medical districts.
Saburtalo
The Surrounding Area
Lisi Lake and its surrounding green zone offer walking and cycling routes, open hillside landscapes and recreational space close to the property. The area is characterised by low-rise residential development, as noted in the April 2026 valuation report.
Saburtalo is one of Tbilisi’s key university and medical districts, with universities, clinics, international schools and business facilities across the area. This provides convenient access to services and institutions relevant to potential residential, educational, healthcare and corporate uses.
Property Access and Parking
Vehicle access is via a private lane with a gated entrance. The property includes 46 parking spaces, comprising 30 outdoor spaces within the perimeter and 16 on the lower level.
Travel times vary by destination and traffic conditions. Specific routes can be assessed using the property’s exact location and the intended destination.
Contact
Request the confidential investment materials or arrange a private visit with your real-estate, operating, architectural, technical or security advisers.
Private visits by appointment
Enquiry
Request the Investment Pack & Valuation Report
Submit your details to receive the LISI DAO investment materials, including the independent property valuation report prepared by Cushman & Wakefield.
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