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Amazing Turkey Property Investment For Sale - Near The Grand Bazaar In Istanbul

sold

$2,400,000 Base price: USD2400000

  • 5 Bedrooms
  • 2 Baths
  • 4 Floors
  • 200 m2 Floors
  • Property Ref: IST1054COM
DETAILS

Summary

Excellent opportunity for Investment in Istanbul with this four storey commercial building for sale in the Sultanahmet area, Close to the Grand Bazaar

Why buy this property?

Details

We at Turkey Homes are very excited to offer this commercial builidng for sale in Istanbul, Turkey, a brilliant real estate investment opportunity right in the heart of the historical and cultural centre of Sultanahmet.

Location, Location, Location

Sultanahmet is the place to be for history lovers and culture vultures, home to some of Istanbul's famous historical sights, excellent restaurants, wonderful hotels to suit all budgets and almost all within walking distance of the famous sights of the Blue Mosque, Basilica Cistern etc.

A prime location for any investment in the vibrant city of Istanbul, with tourists from around the globe visiting the area every day throughout the year.

We area offering for sale a commercial building built on four floors, having a wonderful history dating back hundreds of years, situated on the corner of the busiest street of the area, very close the famous Grand Bazaar, one of the oldest covered markets in the world and one of the largest, with over 4,000 shops set in 61 covered streets, which attracted approximately 91,250,000 visitors throughout the year in 2014.

Property Aspects

Having a built area of 200m2, 50m2 on each floor, all sensitively refurbished in 2013 to extremely high standards. with highly polished marble flooring, intricate ceiling designs, wonderful lighting features, fully double glazed, and a central air conditioning system.

The ground floor hosts a retail unit with a large display window and glass entrance doors, and its corner position gives the unit a wonderful amount of natural light, ideal for displaying saleable goods on the interior shelving units.

The upper floors are open for use, either a four storey retails shops with further display windows on the upper levels or office suites, the choice is yours. The building has two washrooms/WC and  already has a business operating licence in place.

Return On Investment

This is an excellent investment with very high rental yields in excess of $10,000pm if used as one retail unit, or easily increased to approximately $17,000pm if leased as four separate units, plus with expected capital appreciation you can recoup your initial investment in no time at all.

Contact Turkey Homes' professional property advisors today for more details. They will answer any questions you may have and will be there to assist you through the whole purchase procedure.

AMENITIES

Facilities:

  • Air conditioning
  • Central heating
  • Double Glazing
  • Marble Floor
  • Shops
  • Storage

Tags:

  • Traditional
  • Prestigious
  • Investment
LOCATION

Location

Sultanahmet, the historical and cultural centre of Old Istanbul, the ideal base for sightseeing, as it is home to many of Istanbul's attractions, The famous Blue Mosque, the wonderful Topkapi Palace, The amazing Grand Bazaar, Hagia Sophia and much more.

The ideal area for investment property if your budget allows, as the area hosts some of the most expensive in the city, many protected historical buildings, which are a rare find on the Turkish real estate market, snapped up in flash, often by wealthy overseas investors who know a good investment when they see one.

Distances

Distance to town:

City Centre

Distance to airport:

18km

Map

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