Apartment - Flat for Sale in Istanbul > Turkey - Ref 531567
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Apartment/Flat Description
We are pleased to announce that we are now able to release our Gallery Hotel development in the fantastic vibrant city of Istanbul, Turkey. This 36 room boutique hotel is situated in the tourist district of the city and is close to all the historic attractions that Istanbul is famous for. Istanbul will be the European Capital of Culture in 2010 and is attracting foreign investors from all over the world who are attracted by the extremely high rental occupancy levels and stable capital appreciation.
Situated in the centre of the historic Sultanahmet district of Istanbul & close to all the tourist attractions such as Topkapi Palace, The Blue Mosque, Hagia Sophia & The Grand Bazaar, the Gallery Hotel is an ideal opportunity to invest in this thriving city where demand for accommodation is amongst the strongest worldwide.
The Gallery Hotel is a refurbished historic building, retaining many original architectural features that add to the attractive facades. A short walk to the historic attractions mentioned above, Gallery Hotel is ideally situated for both business & tourist guests alike.
£90,000 per hotel room
10% rental guarantee NET per annum for 10 years
Payment structure is as follows
£2,000 reservation deposit
20% with signed contracts in 14 days
30% three months from the date of contract 50% - £2K six months after completion.
Investment quotation
£2,000 + £18,000 (20%) = £20,000
+ £27,000 (30%) = £47,000
80% mortgage on completion = £72,000
Returning back £29,000
We anticipate a very high level of interest with this development and there are only 36 rooms available. Therefore prompt reservations are advised to avoid disappointment. A £2,000 refundable reservation deposit is required to reserve a room. Contracts will be issued within 2 weeks.
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€107,617 | £90,000 | US$141,936 (Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment/Flat |
| Bathrooms |
1 |
| Bedrooms |
1 |
| Category |
New Build |
| Listed |
over 1 year ago |
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Map of Istanbul, Istanbul, Turkey
Real Estate Agent Listing this Property
Towns located close to Istanbul, Turkey
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Price: £90,000
Latest Property News in Turkey
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Price of Property in Istanbul, Turkey
| (All prices in EUR) |
Istanbul |
Istanbul |
Istanbul |
| Apartment/Flat |
18,400 |
8,720 |
370,000 |
3,000,000 |
76,666 |
69,000 |
| Studio |
34,995 |
18,900 |
37,000 |
57,000 |
- |
28,900 |
| New Development |
25,700 |
25,700 |
25,700 |
3,600,000 |
- |
17,000 |
* Calculations based on 81 properties for sale in Istanbul and 1722 properties for sale in Turkey |
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