Branded shop to invest in commercial Turkish propertyRef: PTFS3952
For sale here is a huge weekly supermarket business in the residential and sought after area of Sefakoy in Kucukcekmece. This is an opportunity not to miss and comes recommended for viewing as one of our top picks for commercial listings in Istanbul. This shop will not be on the market for very long.
Kucukcekmece is a highly residential area of the city, home to some of the best and largest complexes and private houses – it is the perfect spot to invest in a large supermarket with the shop regularly full of shoppers picking up their weekly family groceries.
About the commercial property
The property is currently rented by one of the top three supermarket chains across the whole of Turkey, assuring the buyer many years of income. Currently, the listing is earning just less than 5% per annum, however the owner can renegotiate the terms of the tenancy on a yearly basis. Measuring a huge 1,500m2 in size, the market is in pristine condition and offers a range of sections including fresh fruit, vegetables, baked goods, daily amenities, and so much more – it is a shop regularly used on a weekly basis by those who live in the area.
Rental income potential
Current rental return is calculated as 4.9%, rising to 8% per year after several years of ownership. The real estate value growth of the listing is also attractive and is projected to deliver around 8%+ capital growth each year. Six years remain on the current contract signed.
Location in Istanbul
Located in the Sefakoy area of Kucukcekmece, this listing is within close proximity to some of the largest residential complexes in the area – providing thousands of families and potential shoppers doing their weekly groceries. Kucukcekmece is located on the European side of Istanbul is a favourite for young families and those commuting towards the centre with a range of public transportation options close by. The location guarantees a high foothold of passing traffic all day long – you couldn’t find a better spot for a supermarket.
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