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This beautiful, expansive six storey historic building has many original features including high ceilings which give a feeling of space and grandeur. Spanning over a vast area of 3,000 m2 which includes gardens to the rear. Planning permission has been granted for hotel use which would give an investor upto a maximum of 60 rooms. Alternatively permission has been obtained for residential use comprising of 44 one bedroom apartments. In addition there are 4 shops which can rented as a seperate entity. FOR A FULL BREAKDOWN OF INVESTMENT RETURNS PLEASE ENQUIRE FOR DETAILS. This fantastic investment is located in the Italian quarter of Istanbul in the heart of the Galata district close to Taksim Square. The neighbourhood of Galata, on the shores of the Bosphorus is the perfect place to watch the cruise ships dock and an important transport point to many parts of Istanbul both on land and via the Bosphorus ferry. This much sought after elegant area with manicured parks, historical buildings (including the 14th century Genoese Galata tower), pretty narrow streets, boutique hotels and stylish cafe bars is the place to see and be seen. The famous Galata bridge close by links the area the major sights of Istanbul such as Sultan Ahmet, The Grand Bazaar, Hagia Sophia, The Blue Mosque all being a mecca for tourists. Just moments away from one of the most famous streets in Turkey, Istiklal Caddesi, which welcomes up to 3 million visitors over the course of a single day. The historical architecture along this 3km avenue houses exquisite boutiques, book stores, café bars, restaurants, art galleries and a wide array of shopping opportunities. This elegant pedestrian area is located in the Pera district of Beyoglu, Istanbul and has an authentic red tram transporting its visitors along Istiklal Caddesi. This property is ideal for high flying business executives and city professionals. Say goodbye to long commutes with this fantastic apartment in the heart of Istanbul...
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