This is an incredible opportunity to purchase a large commercial shop in a bustling residential part of Istanbul, perfect for smart investors seeking rental income with the property currently tenanted on a long term basis by a Turkish national supermarket with five years left on the contract.
- Investment opportunity commercial property
- 5.9% rental income in place per annum
- Sought after location in a top area of Istanbul
- Tenanted shop earning income immediately
- Five years left on the current rental agreement
FACILITIES & LOCATION
Opportunities like this do not come by often – contact us today for full details and to arrange your visit at the earliest available opportunity. This shop is located in Buyukcekmece and is just a few moments from a plethora of public transport options, local businesses, and a large foothold guaranteeing a hive of activity all year round.
About the commercial property
Currently, a national Turkish supermarket leases this property with five years remaining on the current contract – subject to yearly rent raises in line with the law. The shop enjoys a high rental return of 5.9% on an annual basis, rent that will rise dramatically within the next few years. The shop measures a huge 3,500m2 and is in immaculate condition, fully equipped and operational with everything a large supermarket should need.
Rental income potential
Rental return of this shop is calculated as 5.9%, and will rise to 9% per annum after several years. The real estate growth of the shop is also extremely attractive and is expected to deliver 9%+ capital growth for the investor each year.
Location in Istanbul
Buyukcekmece is one of the top areas for investment in Istanbul and a highly sought after residential area for expats and young Turkish families looking to raise children away from the hustle and bustle of the city centre. A supermarket in this area of the city is guaranteed to provide thousands of residents with their weekly shop and groceries. Buyukcekmece is serviced by lots of public transportation options, top businesses operating from the area, and numerous residential complexes – simply put, the shop captures an exceptional amount of passing traffic daily. Invest in this supermarket for sale in Istanbul and enjoy the fruits of rental income in Istanbul.
For more information about purchasing commercial real estate in Istanbul, please call or contact us to speak with our designated team of investment advisors who are happy to assist you and showcase our latest offers and exclusive listings you won’t find elsewhere – we are happy to search for a business to suit your needs and budget. We have listings available all across Turkey, delivering the suitable shop for you.