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Restoration Turkey Property For Sale In The Centre Of Istanbul

sold

$17,500,000 Base price: USD17500000

  • 20 Bedrooms
  • 15 Baths
  • 5 Floors
  • 1040 m2 Floors
  • Property Ref: IST945HOT
DETAILS

Summary

Exciting investment opportunity in the heart of Istanbul's city centre. A hotel for sale just 400m from Taksim Square with very high rental potential.

Why buy this property?

  • Type: Hotel
  • Citizenship: Eligible

Details

Istanbul city centre properties in areas such as Taksim and Sultanahmet are a very rare find, however, we are very excited to present this amazing historical commercial building for sale in Istanbul, sitting just 400m from Taksim Square, and the famous Istiklal street, the hub of Istanbul.

Taksim Square is one of Istanbul's major attractions and the place to be, whether it be for shopping, dining, or a new year celebration, it is also home to some of the city's grandest hotels with the InterContinental, Ritz-Carlton and the Marmara Hotel.

Taksim is also on of the city's major transport hubs too with many buses starting their journeys across the city, where the historical tram-line starts, and the terminus for one of the Istanbul Metro Lines, so getting around the city from Taksim is easy.

This historical five storey building has two separate basement levels and a footprint of 210m2 with a total build size of 1040m2, it is not officially listed with the municipality as an A grade building, therefore, any restoration work to the interior of the building does not need any permission, investors can restore the property to its former glory and turn it into a luxurious boutique hotel, a quality B&B establishment or offices, the choice is yours, and having sea views from every floor, this property once restored could net you a healthy annual rental income in the region of 50,000 Euro.

The interior of the building has many of its wonderful original features, with handcrafted artwork, original fresco paintings on the ceilings, it really is a beautiful property just waiting for the right investor to come along. 

With the position and stature of this stunning property, the proposition of financing the restoration would be very attractive to many of the high streets banks in Turkey.

The property currently has just one owner, therefore, a sale can be agreed and the title deeds can be handed over with ease.

All-in-all this is an opportunity not to be missed, and excellent investment opportunity that will not be on the market for long, offering a very healthy rental income in the heart of Istanbul's vibrant and cultural city centre.

Contact Turkey Homes without delay and our professional advisors will answer all of your questions and be there to assist you through every step of the buying process, and our excellent Istanbul team will help you in the search for a quality restoration team.

AMENITIES

Facilities:

  • Balcony
  • Basement
  • Central heating
  • Fireplace
  • Lift
  • Water Tank

Tags:

  • Traditional
  • Sea View
  • Investment
LOCATION

Location

Istanbul's central hub is considered to be Taksim Square and is one of the city's major tourist attractions, and one of the main leisure areas of the city too. It has many excellent restaurants, high-class hotels and brilliant shopping facilities. The place where the rich and famous hang out and the locals head to celebrate the coming of each new year,

Taksim is steeped in wonderful history with some wonderful old buildings, many A graded and protected by the local municipality, and it is also home to the Monument of Independence, commemorating the founder of the new modern Turkey, Kemal Mustafa Ataturk.

 

Distances

Distance to town:

City Centre

Distance to airport:

21km

Map

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