Istanbul Property For Sale In The City Centre - Large Commercial Shop Unit - High Rental Potential
- Price: £880,023
- Location: Istanbul City Centre
- Type: Commercial
- Condition: New build
- Bedrooms: 1
- Bathrooms: 1
- Floors: 1
- Built area: 441m2
- Pool: Communal
- Security: 24/7 Security
- Parking: Private
- Ref: IST2541COM
The city centre of Istanbul in the north-west of Turkey covers an expansive area, much more than the famous spots such as Taksim Square and Sultanahmet etc, with several central districts as you head up the shores if the Bosphorus and along the coast of the Marmara Sea.
Kagithane is a rather historical district approximately 7km from Taksim Square. and old industrial area of the city, that today has seen vast changes will all the factories demolished and replaced by modern residential complexes, shopping centres and educational facilities etc, a now very desirable area that is part of the vast and vibrant city centre.
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The Turkey Homes team are pleased to present this large commercial property in Istanbul for sale, located in the area of Kagithane which is one the areas of the vast city centre on the European side of the city.
Kagithane is found around 7km north of Taksim Square, close to Levent, Sisli and the financial centre of Maslak, a very busy central area of the city that has been going through a huge regeneration program over the past few years, what was once a rather run-down industrial area for paper production with many illegally built slum-like homes is today a very sought after area of the city, with a range of new modern homes that have been developed alongside large shopping malls etc.
Connections to many other areas of the city are made easy with the TEM highway running directly through Kagithane to easily link up to the Fatih Sultan Mehmet Bridge to cross to Asian Istanbul, also offering easy access to Ataturk Airport and when open very soon, also the new third Airport which will bring many more visitors to the area from destinations that have never found it easy to travel to Istanbul. thus an overall excellent area if you are looking to buy investment property in Istanbul.
Unit Location and Details
This off-plan 441m2 commercial property for sale in Istanbul city centre is ideal for anyone seeking to start their own business in the heart of the city with no rental fees to find, or an excellent choice as a buy-to-let investment with its central location which will command a very high rental income.
Found a 15-minute walk from the famous Halic University, walking distance to the Florence Nightingale Hospital, a new Metro station which will be open well ahead of the completion date of the development which is scheduled to be handed over in April 2020, along with being connected to a large shopping mall which sits right next door.
The unit will be located below a two-block residential complex with a ground floor location giving your business or tenants a regular bunch of shoppers from a total of 217 homes above, along with everyday visitors to the shopping mall next door.
New commercial units in this type of location are known to attract famous international brands such as Costa Coffee, Caffe Nero, Coffeetopia and big-name Turkish brands too such as Kahve Dunyasi, Baydoner, The House Cafe and many more all well-established companies with branches and franchises in many Turkish cities along with named fashion stores and supermarkets.
Commercial units in outer city areas will offer a rental yield in the regions of 6%, however, in this very central area of the city, you can expect a high yield of 8-8.5% netting you a nice tidy nest egg for your future.
Unit owner and tenants will also have use of the complexes facilities which offer a large outdoor swimming pool and gym to work out before or after the store opens or closes.
One big advantage of when you buy commercial property in Istanbul from an off-plan development is payment option available to you from the developers, with this offered with a 50% down payment with the remaining 50% to be paid over 24 equal monthly payments at a rate of 0% APR, giving to time to sort your finances and to find your tenant for the units or start making your business plans.
All-in-all an excellent investment opportunity in the heart of Istanbul that offers very high rental potential.
Contact Turkey Homes today for more details and our dedicated Istanbul team will answer all of your questions, provide you with honest comprehensive advice and will guide you through every step of the Turkey property buying process.
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