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Central Istanbul hotel building for sale in Fatih

Ref: PTFS0930

With higher year round occupancy rates than ever before, the business of owning a hotel in Istanbul is proving to be a successful winner for investors and businessmen around the world taking up the opportunity to convert apartment buildings into apart-hotels. 

Base Price: TRY3,500,000
Price: £454,400
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Ref: PTFS0930
Investment opportunity Istanbul Fatih
Fatih Istanbul
Streets in Fatih
Example interior apartment
Interior layout example
Fatih location

Property Features

  • Property Type: Hotel for sale
  • Bedrooms: 20
  • Bathrooms: 10
  • Location: Istanbul - Fatih
  • Living space sqm: 400
  • Land size sqm: 1000
  • Pool: N/A

Why buy this Property

  • Prestigious building with 5 floors and 10 apartment suites
  • 20 bedrooms in total - fully furnished homes
  • Historic location in Horhor area in Fatih 
  • Busy foot-fall making an ideal business for tourists
  • Successful conversion into apart-hotel style building
  • Main reception and lift inside
  • Weekly change of lining and apartment cleaning

Located in the Horhor area of Fatih, this building is situated within a very busy foot-fall location and high touristic area for travellers and those coming to Turkey. 


The apartment building

The building offers 10 apartment suites over five floors at a very moderate price tag for such an investment. Each suite offers two bedrooms, so in total there are 20 bedrooms in the entire building. 


At the entrance to the block is a reception area open all day which also doubles as security to the building. A classic lift is installed for easy access to and from apartments for residents. 


Clean lining for rooms and apartment cleaning is offered to residents on a weekly basis. 


The building is easily navigated and features classic and authentic Turkish touches throughout. Overall, it is a very well managed building with fairly easy upkeep. 


The apartments

Each apartment offers two good sized bedrooms inside. The apartments come fully furnished, including all white goods and furniture such as bed units, wardrobes, and sofas.


Off the bedrooms is a large open plan area consisting of the living room and dining area with kitchen space. A family bathroom is also found inside the home, which has been recently upgraded.  


The apartments are furnished in a neutral manner and are ready to be rented out immediately either on a short term basis or long term rental to those who live in the city. 


Why invest in this central building in Istanbul?

With tourists becoming savvier than ever before, more tourists are looking for self-contained apartments to cook homely meals and save on eating out while on holiday rather than spend their vacations in a generic hotel. This building offers tourists an authentic look into the city. 


This has resulted in huge websites such as AirBnB cropping up whereby owners can cut out the middle man and list their apartments for rent themselves – a building such as this one would do very well within the independent rental market websites. 


With more than 40 million tourists heading to Turkey every single year, occupancy rates for hotels and buildings like this have been creeping up steadily into the high 80’s in percentage all year round. 

Fatih map location


Location

Horhor is a popular area within the Fatih district which is a very central area of the city close to some of the most famous landmarks and spots within the city. An historic setting with lots of attached culture and significance, you will find Sultanahmet close by. 


Great public transport services will take you around the city in a matter of moments, while there are also several local amenities and quality restaurants and shopping options found within walking distance. 


Owning or converting a building into apart-hotel style units is becoming a very popular investment strategy in the city for those looking to cash-in and capitalise on the strong tourist hold that Istanbul offers. 


A beat like no other, Istanbul is a huge metropolis and a building like this simply cannot be overlooked – make this your ideal Istanbul investment. 

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