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This is an incredible opportunity for an investor seeking assured rental income of 6% per annum rising to 10% after five years – this commercial shop is tenanted by the successful worldwide brand Carrefour on a ten year contract and is located in a residential area of Bahcesehir just minutes away from 10,000 homes and potential customers.
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Living space sqm: 938- Commercial shop for sale in residential Bahcesehir
- 10 year rental contract agreement in place
- 6% per annum income rising to 10% after five years
- Tenanted by worldwide supermarket chain Carrefour
- Close proximity to high rises and 10,000 homes
FACILITIES & LOCATION
With more than 500 stores in total across Turkey, Carrefour is one of the top two supermarket chains in the country, making this an opportunity not to be missed. For a full analysis and answers to questions you might have, please call or contact us to speak with our investment analysts today.
About the property
Currently used as a commercial store and rented by one of the largest supermarket chains in the world, this property is a shop measuring 716m2 with a depot measuring 220m2. The building and shop are both in tiptop condition with the new investor just needing to take over the current rental agreement for continued income.
Rental agreement
The freeholder has a 10-year rental contract in place with Carrefour. This rental agreement has seven years remaining. At today’s rate, rental income works out at around 6% per annum. Legally and in line with inflation, rental income will rise to 8% per annum by year five and almost 10% per annum by year seven – already agreed and in place.
About Carrefour
A French multinational retailer, Carrefour is one of the largest supermarket brands in the world with 11,935 stores around the globe in more than 30 different countries, as of the end of 2016. First opening in Turkey in 1993, today there are 73 Hypermarkets, 99 supermarkets, and 519 hard discounters branded by Carrefour currently operating in Turkey – making it one of the big two market brands in the country.
Location in Istanbul
Prominently located in one of the top residential areas of Istanbul favoured by families with children and those working and commuting around the city, the supermarket is situated in Bahcesehir just minutes away from transport systems, central meeting points, parks offices, and homes. Whether it is people on their lunch break, or families doing the weekly shop, the business is always busy.
Some of the most luxurious residential complexes are located within close proximity and there are at least 10,000 homes within ten minutes walking distance to the property, providing a large foothold of potential customers. The store has a unique corner location, maximising visibility from multiple different angles.
