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Istanbul commercial real estate on European side

$157.000

Overview

Located in the prime area of Sisli in Istanbul, this is an outstanding opportunity to invest in commercial property in Istanbul in a high foothold area favoured amongst families and expats living in the city on a permanent basis. Currently leased by an educational institute, this is a superb prospect and one of our top picks for investing with eight years remaining on the lease.

Features

Property Type :

commercial

Location :

Istanbul - Sisli

Land size sqm :

900

Why buy this property

- Investment opportunity commercial real estate

- 5.5% income per year and capital appreciation

- Sought after setting in a central area Istanbul

- Tenanted property ready to earn immediately

- Eight years left on the rental agreement

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FACILITIES & LOCATION

Situated in Sisli, this listing is a rare find and ticks all the boxes for those seeking rental income immediately after the purchase process has been completed – enquire for more details about this tremendous commercial property.

About the commercial property

The listing is presently occupied on a long term lease with eight years left on the existing contract, subject to yearly rent increases. The property is currently used as an educational institute and returns a rental income of 5.5% per annum. The unit measures in at a large 900m2 in size and is in excellent condition to be used for business. Residential houses and top complexes are close by, providing a large pool of students and children for the institute.

Rental income potential

Rental return of the unit is calculated today as 5.5% per year, rising to 7% after a few years. Real estate value of the listing is also growing and is projected to deliver at least 8%+ capital growth each year for the foreseeable future.

Location in Istanbul

This commercial real estate is located in the highly sought after area of Sisli in the central heart of Istanbul. Sisli is one of Istanbul's prime business and residential districts, and as such is serviced by many metro stations and public transport, capturing high amounts of traffic passing by. Taksim Square, Nisantasi, and Besiktas can be reached in a matter of minutes. Sisli is home to many international businesses and trades operating, along with expats and Turkish families looking to live in the city centre close to landmarks and everything needed. In terms of location for investing in a commercial property, this ticks all the boxes – you couldn’t find a better spot.

Call or contact us today for more details about commercial properties for sale in Turkey – our professional team are happy to answer questions you might have about running a business in Istanbul. We currently offer several listings across Turkey, ranging from small businesses to large commercial shops – enquire today for full details and let us find the ideal shop to invest in.