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Long term tenanted supermarket for sale in a residential area of Avcilar in Istanbul – found within a busy high street with thousands of customers visiting the shop on a daily basis, a superb investment option.
- Tenanted shop for sale in Avcilar Istanbul
- Situated within popular High Street area
- High rental income and long term tenant
- Room to negotiate to increase rental yield
- Close to all public transportation options
FACILITIES & LOCATION
Turn key and generating excellent income, this commercial shop is found in a popular high street area of Istanbul and is highly recommended for viewing immediately as it won’t be for sale much longer.
About the property
This store is functioning as a Turkish supermarket and measures a total of 900m2 inside. The shop is in amazing condition throughout with everything modern and clean – it is completely furnished. The supermarket has a front face stepping out directly to the high street, making it easy for customers to enter and exit.
Rental income and yield
This shop has a long history of rental income and profit. Currently, the unit is rented out on a long term basis by a famous brand and produces a magnificent yield of 4.5% every annum. Using Property Turkey’s negotiating power, this could be upped. The contract has stipulations that allow for yearly renegotiating of rent in line with inflation.
Location in Istanbul
In a central area of Avcilar, this supermarket is the go-to weekly market for a large portion of residents who live within easy walking distances. Avcilar is a fast-growing area of Istanbul and a favourite for those with young children who are seeking a safe part of the city to raise children with easy commuting options to the city centre. Schools, universities, and shopping malls can all be reached within minutes.
Other commercial properties for sale
At Property Turkey, we always have our people on the ground looking and searching for new commercial listings or shops. If you can’t find a property to suit your needs or requirements, please call or contact us and let us find the right investment opportunity for you – we have numerous shops available in our wide range of portfolio in Turkey.