Bank branch with a 10-year lease, Istanbul, Turkey

Additional information is provided after the signing of an NDA

Bank branch with a 10-year lease, Istanbul, Turkey

1,559,000 $
3,118 $ /m²
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  • Total area
    500 m²
  • Yield
    3.8 %
  • Rental rate (m²/month)
    10 $
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: 59,023 $
Tenants
  • Fully let
  • End of lease: 2030
Transaction costs
  • Broker: 2.0 %

Commercial space on the ground floor in Istanbul.

Description

The total area of the space is 500 m².

The space is in excellent condition and doesn't need repairs or renovation.

Purchase of this commercial property guarantees the acquisition of Turkish citizenship for the owner and his family.

Tenants

The tenant is one of the largest banks in Turkey with more than 600 branches throughout the country.

The lease agreement is valid for 10 years.

Location

Istanbul is the largest city in Turkey, the main commercial, industrial and cultural center, the main port of the country. It is located on the banks of the Bosphorus Strait, dividing it into European (main) and Asian parts, connected by bridges and tunnels. In terms of population, it is the first millionaire city in Europe with more than 15 million people.

The economy is mainly based on engineering, including shipbuilding, chemical, cement, food, light, printing, electrical, woodworking, paper and glass industries, trade and tourism. 80% of exports go to Turkish sweets, souvenirs and clothes.

According to studies, by 2025 the city will occupy the 14th place in the world in the list of GDP of cities for PPP, and the nominal growth at this point will be about $ 291.5 billion. Istanbul's per capita GDP is 70% higher than the national average, and its productivity as a region is about 50% higher.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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Anna Kurianovich
Anna Kurianovich
Investment consultant in Istanbul
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