The commercial shop is located in the new expansion area of Kepez.
Location overview of commercial shop for sale in Antalya
A modern and vibrant area offering numerous modern and elegant residential complexes. The area is considered as the new expansion to the city of Antalya with close proximity to the city center and the airport.
The area is a short distance away from the new Metro system in Antalya linking the airport to the city center and Akdeniz University.
Kepez is considered among the cheapest apartment prices in Antalya. but lately has witnessed a tremendous property development growth causing property prices to increase and compete with its neighboring district of Murat Pașa.
Features and feasibility study of Commercial shop for sale in Kepez:
A commercial shop located beneath a residential building on the main road with an overall area of 800 sq.m. consisting of three floors completed in 2016. The shop is currently rented to one of the major supermarket chains in Turkey known as Şok.
The purchase of the shop qualifies for getting the Turkish Nationality in just 3 months.
Monthly rent and annual return on investment (ROI):
The asking price of the shop is 1,850,000 Turkish Lira. The monthly rent is 9,750 Turkish Lira until August of 2020 after which the rent is increased to 11,200 Turkish Lira in accordance with recommended increment by the Central Bank of Turkey.
Accordingly, the feasibility study based on the table below shows an annual return on investment (ROI) of 11.5% even though annual increase was calculated at 10% after 2020.
The current contract tenure is 10 years with 7 years and 8 months remaining until expiry as of 10 December 2019.