Buy to let in Fethiye 7 spacious bedroomsRef: PTFS0557
This villa is set in its own private plot of 500m2, with the property amounting to a vast 270m2 including the terraces. Private parking and driveway, secluded landscaped gardens plus an outstanding private swimming pool.
The Villa – Internally
Fully furnished and offered to market in immaculate decorative order with a current rental guarantee, set over three floors and most impressive.
The villa has a huge open plan living room and fully fitted and equipped kitchen. Seven magnificent spacious bedrooms, three beautifully designed bathrooms, a separate cloakroom and balconies on each floor.
The Villa – Additional benefits
The villa also benefits from air conditioning, double glazing and central heating throughout. The heating is produced by solar energy which is very cost effective, and the villa also has a full satellite system. There are several additional useful storage areas.
The villa is set in the beautiful area of Ovacik which is known for its spectacular views and idyllic surroundings. Just a short walk from the main road where there are excellent, regular transportation links making for easy access to the vibrant resort village of Hisaronu and a short ride from the main town of Fethiye and all that it has to offer.
The fabulous beaches of Oludeniz are within 3 – 4 miles with the glorious golden sands and crystal blue waters.
Ovacik is an affordable base for those on a budget wishing to explore the area.
Managing the property as a bed and breakfast (analysis done in GBP)
Even looking from a cautious viewpoint, the average room rate for bed and breakfast style accommodation in this particular area will bring a minimum rate of £30.00 per night in the high season. Taking a view that the high season will be 120 days and as a guide 80% occupancy rate the gross income potential would work as: 120 x 80% x £30 x 7 = £20,160.00
The running cost for this period of time realistically would be a maximum £3,000.00 which provides a net income potential of just over £17,000.00.
Therefore the rental return on investment is a vast 9%.
What will make the business succeed?
Asides from the guaranteed rental income that the property already has in place, this is a genuine business opportunity in a fabulous location.
The potential customer base is wide as the area will appeal to many types of people:
- Families with young children that want to venture out during the day but are looking for peace and quiet of an evening.
- The older generation who want to relax in the sun but know that they can easily access transport if they decide they wish to go off sightseeing for the day.
- Late teens to early thirties wanting to sunbathe around the pool during the day and hit the nearby party resorts of an evening.
These are just the obvious, and there are alternative ways that the prospective purchaser could look to market the bed and breakfast service.
The area lends itself to walkers, with some famous trails in the vicinity therefore the purchaser could look at some of the specific travel operators and possibly fill the villa with walkers, some of these bookings would also potentially be in the mid to low season as this is the optimum time for walkers due to the heat of the high season.
The opportunities for this villa are endless and have the potential and benefits to be a thriving business from day one. This type of business model is very rarely available and is not expected to be on the market for long, therefore we can only advise that interested parties take immediate action to avoid being disappointed.