Wedding salon for sale in Antalya Turkey

Wedding salon for sale in Antalya Turkey

An exclusive investment opportunity from United world is available for sale with a high monthly return on investment.

Location Overview of wedding salon for sale in Antalya Turkey

The multi-event hall is located in the area of Kepez Antalya within a residential and commercial neighborhood and is considered as one of the best opportunities in real estate investment in Antalya offering a 10-year rental lease.

Wedding salon is strategically located from:

• Public transportation: few meters
• Antalya city center: 4 km
• The coast: 7 km
• Antalya Airport: 20 km

The overall area of the Wedding salon is 600 sq.m. consisting of one level and is fully equipped with audio and visual pre-wiring in addition to a separate kitchen.

The Wedding salon has a capacity for 45 round tables which can accommodate up to 450 guests.

There are 3 main toilets in the Wedding salon, two are designated for guests (Ladies/Gents) and one toilet is designated for staff.

Buyers of this property can qualify for acquiring the Turkish citizenship

Feasibility study of the project:

This commercial property is leased to a major wedding and events organizer in Antalya for a monthly rent of 20,000 Turkish Lira starting in May 2020 and the current rent is 32.000 Turkish Lira per month.

The tenure of the lease agreement is 10 years with 9.5 years remaining on the expiry of the contract which expires by the end of May 2029.

The rent is subject to an automatic annual increase according to inflation rates specified by the Central Bank of Turkey, but not less than 17%.

The asking price for this property is 8.500,000 Turkish Lira.

Based on the asking price, the current monthly rental income and a 10% annual rent increase the below table was compiled.

P.S.: The Wedding salon furniture, audio and visual equipment.