FACILITIES & LOCATION
Turn key and producing excellent income already, this property is located in a busy and popular high street area of Istanbul and comes highly recommended for viewing – it won’t be on the market for long.
About the property
With access to the high street, this fantastic commercial listing enjoys a range of customers all day long and is in pristine condition throughout – furnished and decorated by the tenant in a modern manner. The shop is currently operating as a popular restaurant serving Turkish food and measures 122m2 in size.
Rental income and yield
This commercial shop has a long rental history and profit attached to it. Currently, the unit is rented on a long term basis by a branded shop and delivers a good yield of 5.8% per annum. Using Property Turkey’s negotiating power, this can be increased. Stipulations are in place that allow yearly renegotiating of the rent in line with Turkish inflation.
Location in Istanbul
One of the most sought after areas of Istanbul, Sariyer is an easy driving distance to the city centre, and is highly popular amongst the cities wealthy and affluent who decide to live in Sariyer with their families. Within close proximity to Sariyer are some of the best schools, universities, and shopping malls in Istanbul. This residence is on a busy high street area close to public transport.
Other commercial properties for sale
Property Turkey has numerous commercial shops and properties for sale throughout the city of Istanbul. For more information about other units we have on our books, please contact or call us today to speak with our experts who are happy to assist you and help you find the perfect investment for your needs.
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