Apartment for Sale: Istanbul, Istanbul, Turkey

Description

Apartment for Sale

USD 1,504,000

Property Ref: HW_00P-026

Status: Available

  • 5
    bedroom(s)
  • 5
    bathroom(s)
  • 6456 sq ft
    area sq ft

COMMERCIAL BUILDING FOR SALE IN HARBIYE- Istanbul commercial real estate for sale

Looking for an investment property in Istanbul?

Located in a popular and centralized location Harbiye, the building for sale has 12 flats available for short term rent. Harbiye is a

great district which is located near to Şişli. With business centers, shopping malls, hospitals and restaurants, this district is a very

popular area for the people living in Istanbul. Other popular districts Nişantaşı and Taksim is only a short walking distance to the

area. Also, the touristic and historic district Old town Sulhanahmet is only 20 minutes away and Atatürk International Airport is only

30 minutes away. Osmanbey metro station and the bus station is 5 minutes walking distance to the building. When you exit the

building, with a short walk you find yourself in the center of the city.

The flats of the building are being rented out short term. Each flat is provided with a bathroom and kitchen. Domestic appliances

such as a cooking stove, kettle, microwave and a refrigerator are provided for each flat. Each flat is furnished with modern furnitures

including a sofa and a 32 “LCD TV. Central heating, an air conditioner and free Wi-Fi are included in the rental fee. Also, weekly

cleaning service, water and gas consumption and the use of washing machine is included in the rental fee.

This building has been providing a short term rental service for a long time and the current owner of the building has been providing

rental management service for this building as well as other buildings. If preferred and agreed on, the current owner will be willing

to continue providing management service for the new owner. This is a great opportunity to make an instant profit and to buy real

estate to invest in Istanbul. Because of the location, constant capital gain is guaranteed.

The building has 12 flats including 9 1+1 type apartments, two studios and one 1+1 duplex apartment with a nice terrace. Each

apartment is calculated to have an average gross size of 55m2 and an average net size of 40m2. The ground area is 105m2.

After the expenses are excluded, the average income is calculated as approximately 10.833Euro.

One other advantage which will increase the income is that the current management office will be available to rent out. Also, as

soon as the title deed status changes from residential to commercial, there will be an increase of 20% capital gain. As the building

operates as a short term rental property, you won’t need to regulate the price control rule.

In an area like this, high capital gain is expected to increase always.

Don’t miss out this chance and to invest wisely, contact us and it will be our pleasure to help you.

  • Located in Harbiye,Şişli, İstanbul
  • In the heart of Istanbul between two most popular parts
  • 1 minute walking to the main street; however, in the quiet part
  • 5 minutes walking to subway (Osmanbey station) and main buses
  • 5 minutes drive to main roads and Bosphorus Bridge
  • 7 minutes walking distance to Taksim Square, Nişantasi and Şişli where you can find İstanbul’s important business centers, hospitals,
  • shopping malls and social activities-restaurants, cafes, boutiques, art galeries, antics, bookstores, concert areas, theaters.
  • 20 minutes to Old Town ( Sultanahmet area), 30 minutes to the airport

Average gross m2 of a unit: 55 m2

Average net m2 of a unit: 40m2

Number of apartments for rent service: 12

Nine 1+1 type apartments

Two studios (One with a nice terrace and one in the half basement)

One 1+1 type duplex apartment with a nice terrace

Current operation of the building: Short-Midterm rental service

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Henry Wiltshire Estate Agents London