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Located at the seafront with beautiful views, this is an incredible investment opportunity for someone looking to purchase tenanted commercial property in a prime location in Istanbul – ready for new buyers to purchase with a long term contract providing 6% rental income per annum.
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Tags:
- Tenanted commercial property in Buyukcekmece
- Huge 6% rental income yield per annum currently
- 7-8% rental income expected by end of year three
- Amazing location at the seafront with lovely views
- Long term contact by Starbucks branded coffee
FACILITIES & LOCATION
This commercial property is currently tenanted on a long term contract and represents one of the best opportunities for an investor in the city today – this is one of our top business picks that is likely to be sold sooner rather than later. For more information, please call or contact us to speak with our team in Istanbul.
About the property
Tenanted by a Starbucks branded coffee house, the commercial property is in immaculate condition inside and out. The shop is one of the go-to places in Buyukcekmece for meeting and catching up with friends – it is regularly packed out with coffee lovers and those who enjoy the international Starbucks brand.
Inside, a modern design goes hand-in-hand with the recognised brand of Starbucks, while outside there is a garden area with room for seating up to 20 people. The garden area looks out towards the sea and cycling path directly in front.
Rental income
The building returns 40,000TL per month in rental income for the owner, representing a yield of 6% per annum. The rental contract has a stipulation in place that allows the landlord to increase rent yearly in keeping with inflation in Turkey. This means that by the end of year three, rental income is likely to be around 7-8% per annum – this would be an amazing return for an investor at that stage.
Location in Istanbul
In terms of location in Istanbul, you couldn’t pick a better spot to buy commercial property than this Starbucks at the seafront in Buyukcekmece. The location alone guarantees success for any business occupying the building space as thousands of commuters and locals walk directly past each day. Buyukcekmece is a residential area home the locals, families, and those that make their lives in Istanbul. Public transportation is nearby for commuting and working, while several huge projects are within walking distances and are home to thousands of residents. Buyukcekmece also offers schools, hospitals, and everything else needed.
Other investment options
We currently have several commercial building opportunities available throughout the city of Istanbul – for more details including locations, sizes, types, and more, please enquire today and let our specialists find the perfect investment for you.
