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Hotel for sale on Istiklal avenue | Istanbul hotels for sale

Ref: PTFS0451

This building has huge investment potential and would make an absolutely fantastic hotel development one of the most famous avenues in Istanbul – Istiklal Avenue – a superb opportunity and one certainly not to be missed. 

Base Price: €2,350,000
Price: £2,071,200
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Ref: PTFS0451 Print
Taksim hotel
Taksim hotel
Taksim hotel
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Property Features

Why buy this Property

  • 20 bedrooms in hotel
  • 2 minutes from Taksim Square
  • Huge profitability to be had
  • Excellent location - one minute on foot to the most famous Istiklal Avenue in Istanbul
Currently the building holds 10 one bedroom, one bathroom fully furnished luxury suites with small kitchen facilities. The suites are spacious being 50 – 60 sqm internally and they are all individually styled with modern stylish fixtures and fittings.

The property is located over 5 floors and has an untold potential for the new owner. 

Each suite is ready immediately to be rented and they all include, ADSL internet connections, steel entrance doors, satellite systems, quality Parke Laminate flooring throughout, PVC woodwork, and a combination heating and air conditioning installed. 

The potential for the building is endless as you could either rent the suites individually, or alternatively develop this into a top quality hotel as the location is absolutely ideally suited to this purpose. Being located just a one minute walk from Istiklal Avenue which is one of the most famous areas of Istanbul and houses shops, restaurants, cafes etc and Taksim Square is just two minutes away. 

The building has currently been used for short term rentals by tourists on trips to Istanbul so it has a good history of rental potential. There is a shop that is located in the basement of the building which is not included in the sale, but this has its own separate entrance so has no effect over the main building.

About Istiklal Avenue, Istanbul:
If ever an area was so ideal for a hotel or rental development building then this one is it! Ideally located, everything is under two minutes walk and the area also offers excellent transportation links.

This particular area also benefits from being one of the most visited tourist areas as there is fabulous shopping and many major events held in Taksim square, such as firework and New Year celebrations. 

With a current rental history this makes a very interesting prospect for anyone looking for a great investment in Istanbul and with the location and amenities this has to be one of the best opportunities ever brought to market.

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