Currently rented on a long term basis by one of the largest supermarket chains in Turkey, this is a turnkey investment opportunity not to miss in the fast growing area of Avcilar on the European side of Istanbul close to everything needed – listings like this are rare to find so enquire today for more information.
- Top opportunity Istanbul commercial real estate
- 6.9% rental income per year currently in place
- Sought after location in a top area of Istanbul
- Tenanted shop to earn income immediately
- Seven years on the current rental agreement
FACILITIES & LOCATION
Situated on the European side of Istanbul, this shop is located in the upcoming area of Avcilar and is within close proximity to public transportation, residential buildings, and business centres providing a high foothold with thousands of passers by on a daily basis.
About the commercial property
In terms of investing in a shop in Turkey, purchasing a branded national supermarket is as good an opportunity as you can find. This listing is currently occupied with seven years left on the tenancy contract by one of the top supermarket brands in the country. Rental income is presently calculated at just less than 7% per annum with stated rental increases planned. The supermarket is in great condition from top to bottom, offering fresh fruit and vegetables, daily food, and everything needed for residents doing their weekly groceries.
Rental income potential
Rental return is currently an impressive 6.9% per annum, rising to around 10% yearly within the next couple of years. The value of the shop is highly attractive and is projected to deliver at least 10%+ capital growth each year for the investor.
Location in Istanbul
This turnkey property is located in the Avcilar area of Istanbul. Avcilar is a fast growing, highly residential area of the city favoured by young families and those living in the city on a year round basis. Commuting from Avcilar to the city centre is easy with several public transport options nearby. Avcilar is home to thousands of residents and families, with many doing their weekly grocery shopping in this supermarket. The location captures a high level of passing traffic and comes highly recommended for those looking to buy a supermarket or branded business with endless untapped potential ready to uncover.
For information about commercial property in Istanbul, as well as offers and exclusive listings guaranteeing income immediately – please call or contact us to speak with our professional team in Istanbul. We are happy to assist you on your search for opportunities across Turkey. We pride ourselves on finding shops to meet your requirements and are happy to help find a business to suit you.