FACILITIES & LOCATION
Located within a tourism-driven area surrounded by hotels, cafes, transport links, and city landmarks, this building is ideally suited for renovation and conversion into a boutique hotel or rental investment.
About the building
The building is situated within a land plot of approximately 90m2 with a footprint of around 68m2. It offers an estimated total internal build size of 350m2 across multiple floors. The structure is suitable for full refurbishment and redesign depending on the buyer’s vision and investment strategy.
With its central positioning in Istanbul and flexible layout potential, the building could be converted into several studio apartments, serviced accommodation, a boutique hotel, or a mixed-use residential and commercial concept. For more information, enquire today to speak with our local advisors.
Investment and renovation potential
This property is an exciting renovation project with significant upside for the buyer. Property Turkey estimates a refurbishment and permitting budget of around $400,000 USD, and an all-in target cost below $1,000,000 USD. Comparable renovated buildings in Beyoglu regularly sell for $1,300,000 USD and up.
The building could be configured to accommodate 12 to 14 studio units or guest rooms. Based on average nightly rates of around $80 USD and steady occupancy levels, the property has the potential to generate strong annual income once operational with a payback period of five to six years.
Location in Istanbul
Located in Taksim area of Beyoglu, this building sits within one of Istanbul’s most dynamic and visited districts. Taksim Square and Istiklal Avenue are within a five minute walk, offering constant pedestrian traffic, restaurants, shops, and cultural venues. The area benefits from excellent public transport including metro lines, buses, and connections to the historic peninsula and business districts. Beyoglu is one of the city’s strongest tourism-led markets, attracting international visitors all year round – maintaining high demand for centrally located accommodation. This walk-to-everything location makes the property attractive for hospitality or short-term rental concepts once renovated.
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