+29

Good Return On Investment

Both long and short term rental will bring in 10% ROI.. Resale value after individual Title Deeds will gain just over 17% ROI..

Each Individual Apartment Is Registered

The buildings' single title deed can be sub divided into 24 freehold title deeds allowing new owner to sell each apartment individually in the future.

Large Corner Plot

The land is 840m2 and is a corner plot close to the centre of Armutalan.

Outdoor Swimming Pool

Solid Building

The building has been constructed with above average quantity of steel and concrete and is earthquake proof

Water Well

Property has a deep Water Well from which the garden can be watered.

Insulated Walls

Fiber Optic Internet Cable

Fast internet.

Home Properties For Sale Buildings Marmaris Building With High Returns On…

Property ID: 1455

Building With High Returns On Investment..,

For Sale Buildings

₺90.000.000

Marmaris

CONTACT

Adnan Menderes Ozcolak

BROKER

Bedrooms

Baths

Size

1065 m²

An excellent opportunity exists with this residential block featuring a total of 23 x 1 bedroom apartments and 1 studio apartment. Each apartment has its own private facilities and an... Read More

An excellent opportunity exists with this residential block featuring a total of 23 x 1 bedroom apartments and 1 studio apartment. Each apartment has its own private facilities and an open plan kitchenette. They come with tiled floors and fully tiled bathrooms.

The building sits on a generous 840m2 size corner plot of land in a prime location within the suburb of Armutalan in Marmaris with the local shops and restaurants only a short walking distance. The block also features a large outdoor swimming pool as well as outdoor male and female toilets. There is also a deep water well with plenty of never ending water which can be used for watering the garden.

This is a single title deed building, however, each unit inside the building has their own electric and water meters connected.

In 2019, the owner made use of the Planning Amnesty Law and appointed an architect to redraw the plans and apply for individual registration of each unit which allowed him to also register each unit inside the building. He has been granted a registration Certificate for all 24 units inside the building. These certificates will allow the new owner to apply for a freehold title deed for each of the units, hence, allowing for the sale of these units individually in the future..

There is a strong demand for such apartments from the low income earners. Should these apartments be put on sale individually, they can be sold for ₺4,500,000 Turkish Lira each for the one bedrooms and ₺2,000,000 Turkish Lira for the Studio. That represents just over 17% gain at time of purchase.

On the other hand, its advisable to hold onto the building for minimum 5 years as you will be exempt from capital gains tax after 5 years of ownership..

Marmaris has a very strong rental demand for both long term and short term holiday rentals.

This building represents excellent buy to let investment for both long term and short term rentals. If fully furnished with quality furniture and fixtures each one bedroom apartment can be rented on a long term rental contract of minimum 12 months in the local domestic market for ₺30,000 Turkish Lira per month and ₺20,000 Turkish Lira for the one Studio. At which time the annual gross rental return in this case would be ₺8,520,000 and ₺6,816,000 nett after tax. When taking into consideration the average y.o.y CPI, your return on investment will achieve 10%+

Your investment in this building will not disappoint...!

Read Less

Interior Features

Air Conditioning Infrastructure

Central Heating Infrastructure

Tile Floors

Built-in Wardrobes

High Ceilings

Natural Light

Unfurnished

WİFİ

Fiber Optic İnternet

External Features

Garden

Balcony

Terrace

Parking

Water Tank

Solar Energy

Communal Garden

Nearby

Airport

Seaport

Jetty

Marina

Beach

Harbour

City Centre

Markets

Shopping Mall

Banks

Restaurants

Bars

Hospital

Schools

Chemist

Main Highway

Public Transport

Bus Stop

Supermarket

Shop

Fruit and Vegetable market

Fish market

Kids Playground

Gym

Tennis

Volleyball Courts

Basketball Courts

Soccer Field

Indoor Sports Complex

Mosque

Cardinal Direction

West

East

North

Car Park

Open Air Car Park

Street Parking

Views

Forest

Mountain

City

Street

Property Age

26+ years

Climate Control & Energy

Air Conditioning

📍 Location

Armutalan Marmaris Turkiye

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Turkish Real Estate

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Highlights

Good Return On Investment

Each Individual Apartment Is Registered

Large Corner Plot

Outdoor Swimming Pool

Solid Building

Water Well

Insulated Walls

Fiber Optic Internet Cable

Building With High Returns On Investment..,

Interior Features

External Features

Nearby

Cardinal Direction

Car Park

Views

Property Age

Climate Control & Energy

📍 Location

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Welcome Back

Create Account

Search Properties

Highlights

Good Return On Investment

Each Individual Apartment Is Registered

Large Corner Plot

Outdoor Swimming Pool

Solid Building

Water Well

Insulated Walls

Fiber Optic Internet Cable

Building With High Returns On Investment..,

Interior Features

External Features

Nearby

Cardinal Direction

Car Park

Views

Property Age

Climate Control & Energy

📍 Location

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Exceptional Lifestyle And Investment Opportunity..,

Brand New Corner Apartment

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