Istanbul Hotel Excellent Investment 12 rooms 8 Floors for sale

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Property Description

Istanbul Hotel in Taksim. Excellent investment in the heart of Istanbul,Close to famous Taksim Square.

Istanbul, as the official cultural capital of Europe, is now even more popular with tourists and more exciting for investors.

Long Family Establishment,12 Rooms, 8 Floors, Hotel also includes a Restaurant & Cafe.

Daily Rate per room is 60 Euro
Annual ncome from rooms around Euro 216,000
Daily income from the Restaurant & Cafe is Euro 400
Annual income Euro 120,000
Total Annual revenue around Euro 336,000
At 40% Margin, this gives Euro 134,000
Which is approx 7% annual net yield.

This can be improved to 8-9% (hence pay back period of around 11 years) by some modernizations and upgrade. Average daily rates for hotels in Taksim area is around Euro 85.

Property Overview

Price:    £1,650,000 / €1,864,500
Reference: IST2607HOT
Completion Status: Resale
Category: Investment property,
Tags: Hotel for sale in Istanbul city centre, Istanbul
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Swimming pool: Optional extra
Distance to beach: Within 1mile
Bedrooms: 12
Bathrooms: 14
Floors: 8
Units in estate: 1-20
Sq metres built: 900
Sq metres plot: 400
Sq metres terrace: 30
Furnished: Fully Furnished
Type of parking: Private Parking
Security: 24/7 Security Provided
  • Air Conditioning
  • Basement
  • Double Glazing
  • Equipped Kitchen
  • Fitted Kitchen
  • Lift
  • Satellite
  • Separate access
  • Sound System
  • Storage
  • Terrace
  • Utility room
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