Hotel for Sale in Istanbul

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£1,650,000 GBP

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Ref 1910238 | Istanbul, Istanbul | Hotel

Currency services provided by Excel Currencies £1,650,000 GBP  |  €1,916,154 EUR (Approx)  |  Approx. US$2,050,668 USD
  • Type: Hotel
  • Location: Istanbul
  • Province: Istanbul
  • Country: Turkey
  • Bedrooms: 12
  • Bathrooms: 12

This fantastic hotel investment project is for sale just moments away from the popular Istiklal Caddesi area of Taksim, Istanbul. The hotel is planned to have 12 hotel rooms and a reception area over 7 storeys and 683sqm.
This hotel is currently under construction and scheduled to be completed ready for the tourism season of 2015, the property is to be sold in rendered state and the internal decoration is the responsibility of the new purchaser. There are two opportunities for this investment; to purchase now, complete and decorate the hotel and sell on as a ready business or to purchase and operate the property as a hotel, where the invested funds are expected to be recovered in 8 years.
This property is ideal for high flying business executives and city professionals, located in the Beyoglu district in the heart of Istanbul, close to Taksim Square, the financial district and within walking distance of all major Metro Lines. The neighbourhood is a popular residential area with manicured parks, historical buildings, pretty narrow streets and many cafe bars. Over the last 40 years this area has become a favourite place to many artists and intellectuals.
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.
Please note 6% agency fee applies.

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