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Building with hotel potential in Istiklal Avenue

Ref: PTFS0454

Located just one minute by foot from the famous Istiklal Avenue in Istanbul which provides many restaurants, shops and cafes and just 2 minutes walk from Taksim Square, you will be hard pressed to find such potential in such an exceptional area like this one.  

Base Price: €2,760,000
Price: $3,061,300
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Ref: PTFS0454
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Property Features

Why buy this Property

  • Excellent investment potential, historically rented to tourists for short stays
  • Perfect for conversion to luxurious hotel
  • Superb location with transportation links close by
  • Fully furnished and vacant

This building would make a superb hotel due to the central location or you could continue to rent the fully furnished suites in the building for high profit margins year on year. The opportunities are endless and there is a great track record of rental income.

The building is currently vacant and the suites are fully furnished allowing you to have an income whilst deciding what you wish to do.

The building comprises of seven floors and includes an office and thirteen suites with kitchen facilities. One suite with bedroom and living room that is 40sqm, a further eleven suites with bedroom and living room that are 65sqm and one three bedroom suite with living room that is 145sqm and has the most fantastic view of the historical peninsula. The total number of rooms in the building is 30. The suites would easily convert to fabulous hotel rooms should you so wish.

Each suite includes a steel entrance door and has been fully fitted with ADSL internet connection, high quality PVC woodwork, air conditioning and satellite system. The bathrooms are tastefully decorated and all include shower screens. The views from the suites over the city are phenomenal and with the excellent location and transportation links there is nothing more you could really want. 

About Istiklal Avenue, Istanbul

Istiklal Avenue in Istanbul is famous for its shopping, restaurants and cafes therefore this being just a minute walk away is most beneficial.

Taksim Square is also a mere two minutes by foot and this is where many public celebrations and events take place, it is also a huge tourist attraction making this opportunity ideal for an investment purchase and the rental opportunities are also huge.

Rarely does a building so centrally located become available therefore early viewing is advised. 

With the great central location, ideal for investment or development, this is a superb opportunity in Istanbul for someone looking to establish themselves with a luxury hotel, or someone looking for rental prospects with a guaranteed track record of high income.

Overall, a great listing and well worth taking a look at. 

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