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Yearly 8-25% Income, 2 Turkish Citizenships Bbtaining Building For Sale

Kahraman Maras, Turkey
Freehold Price:
$649,000 (USD)
Lease Asking Price:
On request (USD)
Sales Revenue:
$180,000 (USD)
Cash Flow:
$120,000 (USD)

www.efsus.eu

BUILDING FOR SALE - YEARLY RENTAL INCOME 8-25%
BASEMENT + GROUND + 5 FLOORS + ROOF FLOOR (GROUND + 5 FLOORS FINISHED)

BASEMENT - FREE SPACE 150M2 (CAN BE FURNISHED AS A SPA/MASSAGE CENTER)
GROUND FLOOR - 100M2 (CAN BE FURNISHED AS CAFE AND LOBBY/RECEPTION)
5 FLOORS - 4 X 1 BEDROOM APARTMENT UNITS ON EACH FLOOR WITH BALCONY
ROOF FLOOR - CAN BE DONE 2XKING SUITES OR 4 X 1BEDROOM UNITS OR 7 X STUDIOS

650,000$ FOR THE BUILDING AS IS PRICE
75,000$ FURNISHING OF 20 APARTMENTS

UPGRADE 1/A
75,000$ LOBBY, 3-7 x ROOF SUITES, BASEMENT SPA CENTER INSTALLMENT FEES

UPGRADE 1/B
You can put 4 x studios in entrance floor + 4 studios in the basement + 7 studios in the roof floor

UPGRADE 2
50,000$ HOTEL DOCUMENTATION AND RELATED UPGRADE FEES
(THIS UPGRADE IS NOT OBLIGATORY IF YOU DO NOT WANT A 3 STAR HOTEL, YOU CAN OPERATE THE BUILDING AS A PENSION)


FEATURES OF THE BUILDING
Turkish Bath in every bathroom
Heated floors in all of the apartments
10 people lift

Can be sold furnished too (the whole furniture and appliances; two single beds, wardrobe, couch, tv unit, fridge, dishwasher, washing machine, tv, etc.)

INCOME DETAILS
Rental Income
30$ per apartment per night = 15,000$ monthly income (%60 occupancy rate)
*(if hotel then 20$ per person per night)

2 Front Desk + 1 cleaner (1500$ total salary monthly)
10% of the total income for utility bills and outsourced expenditures(laundry etc.)
or
Can be rented out monthly = 150 x 27 = 4000$ monthly
(1 worker is enough, cleaning is outsourced)

Spa & Café
5 Thailand massagists = (1000$ daily gross income)
5 massagists + 1 cleaner + 1 café personnel (25% of the gross income for expenditures)
or
Can be rented out for 1500$ monthly


TURKISH CITIZENSHIP
We are guaranteeing you Turkish citizenship if you buy this hotel, 2 different families can benefit if they buy as partners (close relatives included).

All of the sales prices and the procedures will be transparent and legally based.

BONUSES
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.

ABSENTEE OWNERSHIP
We can issue you a written guarantee for the income in case if you demand it; (ROI will be 15 years with guaranteed income), in this option we will be sharing income
or
You can sell some of the apartments and operate it for your clients and they can get Turkish residency based on ownership (after 5 years they become citizens too)


For more information, please contact us by using the form below

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

If 66% is paid in advance then the rest can be financed, but the price will go higher

Living Accommodation:

Accommodation and/or 5 units for the owner can be built on the roof

Location:

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

Premises Details:

Hotel building on the own premises on its own land

Size in square feet:
10,000
Planning Consent:

Residential Permission is gained, hotel permits can be taken in a week

Business Operation

Competition / Market:

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.

Reasons for selling:

Construction company sells its building to pursue new projects

Trading hours:

24/7

Employees:
3
Years established:
2021

Other Information

Support & training:

We will establish the whole system for you with the official permits

Financing available:

If 66% is paid in advance then the rest can be financed, but the price will go higher

Furniture / Fixtures value:
$150,000 (USD)
Website:
Login or register to view link
Related Documents:
Lease asking price:
On request (USD)
Home based:
This business can be run from home.

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