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Apartment Building is for sale, it can be easily converted to a hotel or 15 studio units can be added, any option in 4 weeks!!!
OPTION A (20 rental units) - ROI 12 years
1 bedroom + living room with kitchen niche (20 units)
[Turkish Bath in every room, heated floors]
Note: For 20 units the price is 500.000$ as is & 50.000$ for the furniture
OPTION B (35 rental units) - ROI 10 years
7 studio rooms on the roof (after the explotation)
4 studios in the entrance floor + 4 units in the basement (after the explotation)
Note: For 35 units the price is 600.000 unfurnished and 50.000$ for the furniture
OPTION C (25 hotel rooms+Lobby+Cafe+Fitness+SPA) - ROI 5 years
Fitness and SPA center in the basement floor
2 stores/reception at the entrance floor
Note: For the hotel the furnished ready price is 750.000$
10 person lift
Can be sold furnished too (Add 50K$ on top for the whole furniture and appliances; two single beds, wardrobe, couch, tv unit, fridge, dishwasher, washing machine, tv, etc.)
Even if you rent out the whole building as apartments (150$ per unit per month), the rent returns in 12 years, if you run it as a hotel (20$ per person per night) this can go down to 5 years. The fitness and SPA alone itself can be rented out for 1000-1500$ per month (we have a ready tenant) or can be self operated. 10 parking spots included. Adding up all these equals 4500$ per month which will bring ROI down to 9 years for monthly based operating, if operated as a hotel with the occupancy rate of 50%.
We are guaranteeing you Turkish citizenship if you buy this hotel, 2 different families can benefit if they buy as partners (immediate relatives included).
The construction will end by the April 2021. All of the sales prices and the procedures will be transparent and legally based.
In 2023 there will be an EXPO in the city which the nightly prices will go up to 50$ per night per person for the whole year; 2 million people will flow to the town 5500 guests/day and this is 250% of the city hotel room capacity.
We can issue you a written guarantee for the income in case you demand (ROI of 12 years), but this is the worst case scenario as renting it out monthly. The hotel can be furnished totally with 100.000 $.
I am attaching link for hotel and rent prices in the region below.
(Price range is 25-50$)
DAILY RENT PRICES:
(Cheapest ones are 100TL)
*Ask for photos if you cannot open the link, from some countries it cannot be opened.
MONTHLY RENT PRICES:
(Cheapest ones are the ones which are 1000TL)
For more information, please contact us by using the form below.
Available as lease or with real property included
Accommodation and/or 5 units for the owner can be built on the roof
In Kahramanmaras city; with 1.1 million population, two universities within 5 km radius, skiing center 20 mins away by car, aquapark 15 mins drive away, amusement and cycling parks 15 mins drive away
Parallel to the main boulevard connecting the two main districts of the city
Hotel building on the own premises on its own land
Residential Permission is gained, hotel permits can be taken in a week
No hotels in 2 km radius, right in the middle of two districts; the business district in old town and the residential one in the new town.
Construction company sells its building to pursue new projects
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