Prime Location Building in Beyoglu 40 Rooms

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Property Description

Prime location apartment block in Beyoglu Galata 2,100m2 build area residential and commercial property combination with approved restoration project. The property is located 100 metres to Galata Tower, 300 metres to Istiklal Avenue, Beyoglu and 100 metres to metro, tramway and sea port.

Further details
300m2 footprint
2,100m2 build allowance
Approved restoration project at hand
Panoramic Bosphorus view

The property comes with an approved restoration project:

7 floors
3 duplex apartments
12 apartments
7 shops on the ground floor

Long term view with rental income
Total annual rental potential min GBP 400,000
Expected annual yield over 11% net

After restoration - market value of the building is expected to be circa GBP 5.5m. Restoration costs are estimated as GBP 0.4m

For further details on the approved restoration project, please contact Place Overseas on + 44 (0) 20 8371 0059 quoting Galata Panorama

Property Overview

Price:    £3,666,000 / €5,012,888
Reference: IST6487COM
Completion Status: Resale
Category: Investment property, Renovation property,
Tags: Commercial property in Istanbul city centre, Istanbul
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Swimming pool: Not Applicable
Distance to beach: Within 1mile
Bedrooms: 40
Bathrooms: 40
Floors: 7
Units in estate: 1-20
Sq metres built: 2100
Sq metres plot: 300
Sq metres terrace: N/A
Furnished: Empty
Type of parking: Off Street Parking
Security: Not Applicable
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