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This is a fully operational building with 18 apartment suites and 36 bedrooms in total ready for new ownership to come in and take this opportunity and run with it to the next level – there is a lot of unearthed potential in this building.
- Fully operational building with 18 apartment suites and 36 bedrooms
- Central location in Old Istanbul within Fatih
- Ideal business model for investors looking for apart-hotels in the city
- Main reception open 24/7 and on-site lift
- Fully furnished building in neutral manner
- Great opportunity to capitalise on strong tourism in the area
FACILITIES & LOCATION
Found in the central old Istanbul district of Fatih, the apartment block is well located for travel throughout the city and is the ideal business model for investors looking for apart-hotels for sale in Istanbul.
About the building
This is a fully operational building with a total of 18 apartment suites within, each apartment offering two bedrooms and being fully self-contained.
There is a lift and reception area open 24/7 at the main entrance to the building, making it easy for residents to come and go from their apartments, also adding a sense of added security.
The apart-hotels can be rented out on a short-term basis like hotels and services include cleaning and linen change on a weekly basis.
Inside each apartment you will find two spacious bedrooms fully furnished with bed units and cupboards. The bedrooms feature bright windows with views out over the city and surrounding areas.
There is one bathroom with fitted shower and a spacious open plan area consisting of the living room, and small kitchenette area with all white goods in place.
The apartments are well furnished and painted in neutral colours, they are easy to maintain and upkeep has been superb over the years.
Location in Fatih
Fatih is a central district found within old Istanbul, an historic quarters near to Sultanahmet, Fatih is very popular amongst tourists and those visiting the city to take in a true Istanbul experience.
There are many great restaurants, authentic boutique shops, and plenty of local amenities in Fatih that make the district a lovely setting for those looking to come to Turkey. A great metro service and public transport make it easy for those in the area to travel on further around the city to see all the famous landmarks and touristic spots.
Why invest in an apart-hotel in Istanbul?
Last year saw almost 40 million tourists head to Turkey, with a large percentage of that being those looking to head to Istanbul.
Istanbul offers tourists something a little different to the norm, the only city in the world set over two continents, the European side and the Asian side, Istanbul has a beat like no other.
Year round occupancy rates in most quality hotels in the city reach well into the high 80’s in percentage, and profit margins have never been higher – more tourists naturally result in more business for everyone, and tourists numbers in Turkey have been on an upward trend for more than 10 years in a row.
This is a very valuable location and very profitable investment opportunity for any businessman looking to capitalise on all that is great in Istanbul today. Purchase an apartment block in the city and start seeing the benefits immediately.
We have several other apart-hotel style buildings in Fatih for sale, please contact us to discuss your investment needs in Turkey.