63 m² suite, part of a hotel complex in Istanbul, which is transferred to the hotel management (Renewable 20-year lease with rent payable in US dollars. Rent is paid quarterly (every 3 months). The owner is allowed to stay in the room for 2 weeks only in a year.
▪ Final price: $ 285,000.
▪ Additional costs:
• 2% fee for title deed ($ 5,700)
• 1% VAT ($ 2,850)
• Additional expenses: $ 550 (Iskan, expert report, subscription to utilities),
Fee for issuance of a title deed).
▪ Rental income for the 1st year:
- Before taxes: $ 19,950.
- Net amount after taxes: $ 15,960.
- afterwards, rental income will be paid out in the range of 4%-9%, depending on the annual financial results of the hotel.
