// Issyk-Kul · Baet · ул. Абыкеева 15 · 16 × 50 m

A two-storey guesthouse on a narrow lake-view plot — in two variants.

Feasibility study for parcel №15 on Абыкеева: market and seasonality, real streets around the plot, furnished floor plans with every room checked for fit and plumbing, a 3D model, a line-by-line budget and a return model. Switch between Comfort 8 and Max 11 anywhere on the page.

Phase 1 build ·
opens keys · full project
Keys / beds
/
m² gross, 2 floors
Steady-state NOI
per year, base case, year 3
Payback
10-yr IRR
01 — Verdict

Build the same shell; choose the room mix.

  1. Parcel №15 is 16 × 50 m with its narrow end on Абыкеева, the lake side. It sits 1.65 km from the shore and 37 m above it, right next to №17, where the 2GIS pin falls. It's not a beach property, but the upper floor looks over the street to the lake. So the guest garden goes in front facing south, and the cars go behind the house via a driveway on the east side.
  2. One shell, two room mixes. Both variants use the same 9.6 × 11.6 m two-storey building (223 m²). Comfort 8 has 8 doubles with 1.6 m beds reachable from both sides, a wardrobe and a 2.7 m² shower room, plus a breakfast lounge. Max 11 has 11 compact doubles: 1.4 m beds against the wall, hooks and under-bed drawers instead of a wardrobe, and 2.1 m² shower rooms. The guests share one kitchen and a dining room for 12.
  3. Max 11 earns more: a year vs for Comfort 8, from year 3. Its 11 cheaper rooms bring in more than 8 standard ones. Paybacks are vs . The cost is a busier house (more turnovers and laundry), smaller rooms, and a further $9k of capex ( vs ).
  4. Neither variant fits $100k all-in. Phase 1 builds the whole shell with all the plumbing and finishes the south-facing rooms. For that is , over budget. Rooms are finished before the second summer ().
  5. Every room has been checked on the drawings: furniture fits, there is a clear 0.55–0.6 m path from the door to the bed, wardrobe, window and en-suite, and door leaves swing clear. In each en-suite the WC has clear space in front and the shower tray is at least 0.8 m. Every WC is within 1.6 m of a Ø110 drain stack, and no upstairs en-suite sits above a bed. See the plans.
  6. July and August bring of the money. Winter is thin but not zero: New Year, Nooruz, the Ak-Bermet hot spring 5 km away, and weekend trips. Heat-pump splits make staying open cheap; staying open nets about /yr more than closing November–April.
02 — Site

Where the plot actually is

Addressул. Абыкеева 15, Baet, Issyk-Kul district
Parcel№15 · 2-03-03-1002-021…
Plot16 × 50 m = 800 m² (8 sotka)
Orientation16 m frontage on Абыкеева, the south (lake) side; runs 50 m north, uphill (~1 m fall)
Neighbours№17 to the west, with a small building near the street; parcels to the east
Elevation≈ 1,644 m (lake 1,607 m)
To the shoreline≈ 1.65 km · 4 min drive
To the ring road≈ 270 m via ул. Жумаева
Cholpon-Ata centre≈ 9 km
100 m / 500 m shore banNot affected
Seismic zone9 points: RC frame + belts

Streets and buildings come from OpenStreetMap. The parcel's position comes from your cadastre.kg screenshot, placed on Абыкеева by measuring from parcel №17. Expect it to be within a few metres. Open in OSM → · 2GIS (№17) →

Why the second floor matters: a 37 m drop to the water

03 — Market · summer vs winter

A 9-week peak, a long quiet tail

Issyk-Kul drew about 2.6M visitors in 2025, up from 1.3M in 2023. The share staying in registered lodging rose from 50% to 67%, so guests are moving away from informal private rooms. Supply is growing just as fast: hotels and guesthouses in the region tripled to 1,833 in six years. The main markets are Kazakhstan, Uzbekistan, Russia and China, plus domestic weekenders from Bishkek.

The swimming season runs from late June to the end of August. Only 7–8 of about 150 pansionats stay open in winter. That is the opening for a small, warm, well-reviewed house near a hot spring.

SegmentJul–AugJun, SepOct–May
Private-sector room, north shore$23–46−20–40%$6–17
Mid guesthouse (Bosteri “Ademi”)$51–57——
Hotel Dolinka, Kara-Oi (heated pool)~$95—open
Ak-Bermet hot spring, double——$73–80
Kara-Oi cottage, whole unit$46–57——
Resorts (Karven, Raduga, Baytur)$158–208——
This project, lake-view double$55$35–38$25–30

Prices are per room per night, converted at 87.5 KGS/USD; sources are below. Our rates sit in the middle of the guesthouse band because we're 1.6 km from the beach. Sea-view and family rooms are priced off the lake-view double (×0.8–1.3).

Assumed season curve (base case, lake-view double)

Competition within ~5 km

PropertyRoomsAngleThreat
Evita, Kara-Oi12Guesthouse, same size classDirect
Issyk-Kul Nomad10GuesthouseDirect
Ogo9BBQ, gardenDirect
LETO · Relax Point6 · 6Small guesthousesDirect
Hotel Dolinka15Heated pool, food, open all yearBenchmark for winter
Ak-Bermet—Hot springDemand driver for winter guests, not a rival
Enesay Dilorom · Eurasia · Fontan185 · 81 · 73Large pansionatsDifferent buyer
Lalafo short-term rentals, Kara-Oi~21Cottages and rooms, informalPrice floor in winter

What top-rated competitors advertise: parking and guarded grounds · BBQ and topchan · pool or banya · breakfast · “5 min to the lake” · hot-spring proximity. This house covers all of them except the pool. The banya and hot tub in phase 2 stand in for it at a tenth of the cost.

04 — Layout · site, floors, rooms, plumbing

Street → front garden → house → parking → banya

The street is on the lake side, so the house's sunny south side faces the street. If cars parked along the street, the garden would end up behind the house, in its shadow: in January a two-storey house shades about 19 m of ground to the north. So the garden goes in front. A 3.2 m driveway runs up the east side, inside the gap the house must leave to the boundary anyway, to a parking court behind the house. The entrance faces that court. The water and power connections and the wastewater treatment unit sit by the street fence, so the pump-out truck never enters the plot. The same spot can later connect to the planned central sewer line along the street.

The two variants side by side

How the plans work

Structure. A 9.6 m wide shell with a central corridor (1.28 m clear). The rooms sit in two 5.1 m bands, one each side of it. Every room gets 4.74 m of clear depth: a 2.0 m en-suite at the corridor end, a 2.0 m bed with its headboard against the en-suite wall, and at least 0.74 m to walk past the foot of the bed to the window or balcony. Partitions are 120 mm brick on the bay lines. The stair has two 1.0 m flights with a half landing, 18 risers of 172 mm and 280 mm treads.

Plumbing. Neighbouring rooms are mirrored, so their en-suites sit back to back on one partition and share a Ø110 drain stack (red dots). Upstairs en-suites sit directly above downstairs en-suites, the kitchen or the hall WC, never above a bed, so a leak or a flushing noise never lands on a sleeping guest. The stacks drop into one collector under the corridor slab. It leaves through the south wall at 2% fall to the treatment unit 16 m away by the street. Hot water comes from two 300 L heaters in the stair-side utility on a recirculation loop, so showers run hot within seconds.

Furniture fit. Every room is checked by a script on a 2.5 cm grid. A person needs a 0.6 m clear path (0.55 m in Max rooms) from the door to the bed, the wardrobe, the window or balcony door and the en-suite door, and the room door's leaf must swing clear. In the en-suite, the shower tray must be at least 0.8 m and there must be 0.55 m clear in front of the WC. The table below is the script's output, not a promise.

Compact rooms done right. In Max 11 the 1.4 m bed sits against one wall, which is normal in budget hotels. That leaves 0.7–1.0 m on the open side. Hooks and a hat shelf go over the passage, luggage goes in drawers under the bed, and the en-suite gets a sliding door. The shared kitchen sits under the two west upstairs en-suites, with its sink right on their drain stack.

Room schedule

Planning checks, run on these exact drawings

05 — 3D model · to scale, built from the same numbers as the budget

Walk around it

Drag to orbit · pinch or scroll to zoom. Hide the roof or the upper floor to see the rooms.
↓ lake 1.65 km south
06 — Budget · bottom-up, 2026 prices

What it costs

Full project
per key
Phase 1 · before season 1
whole shell + plumbing, rooms finished
Phase 2 · before season 2
north rooms, terrace, fence, landscaping
Building only
per m², turnkey economy

Every quantity comes from the plan above: perimeter, wall area, slab area and room count. Unit prices are 2025–26 Kyrgyz listings and contractor price lists. V means the price is from a cited source; E is our estimate and needs a local quote. Click a group to expand it.

The land is excluded: you already own it. Similar Kara-Oi plots list at $3,800–9,200 per sotka, so yours is worth roughly $30–70k. Buy materials in January–March, when they're 20–30% cheaper. Build the shell April–July and finish over autumn and winter, to open in June the following year.

07 — Return · interactive

Revenue, costs and payback

The scenario multiplies occupancy and rates: cautious ×0.75 / ×0.9, strong ×1.15 / ×1.1. Rates grow 5%/yr and costs 6%/yr. Year 1 sells only the phase-1 rooms at 70% of curve occupancy; year 2 sells every room at 88%. Compact rooms are priced 15–28% below a standard double.

Cumulative cash position, 10 years

Steady year, month by month

08 — Risks · and what to do this month

What can break the numbers

High
Cost overrun. Kyrgyz builds typically run 15–25% over the first estimate. The 7% contingency covers part of that. Every 10% overrun adds about and about to payback; try the slider above. Fix prices with a written lump-sum contract per stage, and buy block, rebar and cement in winter.
High
Wastewater rules. Since 2023, accommodation in the Issyk-Kul resort zone can't get its season permit without a treatment facility. The budget includes a bio-treatment unit for about 20 guests. Also provide a connection stub for the ADB sewer collector being built to Kara-Oi (target end-2027).
High
Phase-2 cash. Season 1 on the phase-1 rooms nets only ~, so finishing the north rooms () needs about on top of the $100k by spring of year 2. Without it, those rooms wait until year 3 and payback slips about a year.
Medium
Oversupply. Accommodation supply tripled in six years. Defend the rate with reviews, the view and the garden, not with price. Instagram, 2GIS and WhatsApp bookings carry no commission; use Booking and Ostrovok for reach only.
Medium
Permits and classification. A guesthouse goes through the commercial route: planning brief (АПЗ) → project → expertise → permit, plus an environmental review. Allow 2–4 months. Confirm the side-boundary setback with the district architect; we assumed 3.2 m. If 1 m is allowed with the neighbour's consent, the house can grow to 11.6 m wide, which gives each north room another 0.7 m of width.
Medium
Electricity price. The commercial tariff is 4.33 KGS/kWh and is indexed every May until 2030. Heat pumps keep winter heating to about $1.40 per occupied room-night; resistive heaters would cost about three times that. Solar hot-water collectors are a good phase-3 item.
Low
Seismic zone 9. The RC frame, anti-seismic belts at each floor and mesh-reinforced masonry are already priced in. Two storeys is well within the code limits.

Next steps

  1. Survey the plot's true boundaries and orientation, and ask the district architect (Cholpon-Ata) for the planning brief and the setback rule.
  2. Request technical conditions (ТУ) for 3-phase 30 kW from Severelektro, and a water connection from the village (aiyl okmotu).
  3. Get two lump-sum quotes from Issyk-Kul brigades against this plan and the budget table, plus one quote for the bio-treatment unit.
  4. Order the design package with the seismic calculation ($3k) in Nov–Dec. Buy the main materials in Jan–Mar and break ground in April 2027.
  5. Open in late June 2028 at the latest; aim for June 2027 if the shell goes up fast. List on 2GIS, Instagram and Booking a month before opening.
09 — Sources

Where the numbers come from

Not verified anywhere public: small-guesthouse occupancy rates, guest nationality split, the patent and single-tax rate for lodging (we used 4% of revenue), grid-connection and well prices, and the exact side setback. These are flagged E in the budget. Replace them with local quotes before committing.