property investment in Istanbul-Building for sale in Istanbul
the building located in the Kucukcekmece and close of the center of Istanbul
Brief of property investment in Istanbul
A lively area of excellence known for the famous lake connected to the Sea of Marmara and called (the first lake) in Istanbul.
This residential building is located in an area with all recreational services, social services and public transport by:
Ataturk International Airport 3 Km.
from the sea 1 km.
Atakoy Mall Plus 5 Km.
The metro station is 500 meters away.
Flora Mall 3 km.
University of Iden 1 km.
Kindergarten 500 meters.
Peroni Hospital 1 Km.
Dogan Hospital 1.5 Km.
Specifications of the property:
This residential building consists of 6 floors with a total of 12 apartments and a commercial store with the following distribution:
Two bedroom apartments and lounge area of 100 square meters with separate kitchen and two bathrooms and balcony (12 apartments).
Three-bedroom apartment with a lounge area of 135 square meters with a separate kitchen, two bathrooms, and a balcony.
Bedroom and lounge with kitchen, bathroom and balcony area of 55 square meters.
Commercial store on the ground floor with an area of 90 square meters with a facade on the street
Some apartments are fully furnished
The economic study of the whole building – property investment in Istanbul
All apartments for sale in Istanbul are fully leased with a total amount of 16.500 Turkish liras per month except one apartment consisting of two bedrooms, a lounge, and a shop.
The value of renting the two-room apartment and empty lounge today is 1500 TL per month.
The value of renting the empty shop today 1500 TL.
The total value of the full return (in case of total occupancy) = 19,500 TL.
At an annual rate of at least 8% of the rental value under the Turkish Real Estate Rent Law, the average rent for 10 years = 28.248 Turkish liras for construction.
The rate of return on investment during 10 years = 11.2% turnover cycle = 9 years, considering the price of the property in Turkish lira is 3 million Turkish Lira.
This is one of the best real estate investment offers in Turkey, where the construction price is very cheap for real estate prices for sale in Istanbul, especially since the building is located in a strategic area close to the famous University of Aydin, in addition to that there are many services and utilities.
In the case of calculating the price of one apartment with the shop = 230.000 Turkish liras while the price of old apartments of the type of two bedrooms and a lounge now in this region exceeds the value of 340,000 Turkish liras.
IMPORTANT NOTE: The selling price in Turkish Lira and the final price is 3 million Turkish Lira.
For more information please send a request via the form or contact us on the numbers and addresses.