|APARTMENTS FOR SALE IN MARMARIS
INVESTMENT FOR GUARANTEED RENTAL RETURN.
One rare opportunity where you will achieve a high rental yield in a market which averages between 3-4% p.a. rental yield, this building will provide close to 7% p.a. with its 23 one bedroom and one studio apartments.
Positioned in a central location of Armutalan in Marmaris and with the shops, restaurants, schools and public transport within very short walking distance makes this building attractive for long term tenants as well as for short term holiday rental or apart/hotel business.
The building sits on a generous size plot of 808.31m2 in size and comes with a large outdoor pool as well as female and male outdoor toilet facilities. On the roof there is a 20 collector solar energy system, each apartment has satellite antenna in both the livingroom and the bedrooms and the building also comes with a 9m well which never dries out for 12 months.
Some of the other features include firehose and fire alarm on every floor with cupboard and a high pressure water pump booster.
Each of the units come with a kitchenette, fully tiled bathrooms and also has good size balconies. The bedrooms are exceptionally large when compared to other apart/hotel buildings in Marmaris.
The building was built according to earthquake proof guidelines and also has infrastructure for air conditioning units so there is no need to drill holes in the wall when installing air con units.
All 24 units are currently occupied with tenants for long term rental so you will be reaping the rewards of good rental yield from the day you purchase this building. For investors who wish to buy to let for short term holiday lease, the existing tenants will terminate their contracts with a one month notice and will vacate the apartments.
24 TITLE DEEDS CAN BE OBTAINED FOR EACH UNIT INSIDE THIS BUILDING, AT WHICH TIME EACH UNIT CAN BE SOLD OFF FOR BETWEEN 380,000 - 450,000 TL EACH.
ON THE OTHER HAND, THERE IS A VERY STRONG DEMAND FOR FURNISHED QUALITY RENTAL APARTMENTS IN MARMARIS. IF RENTED OUT TO LONG TERM LOCAL RENTAL MARKET IT WILL AMORTISE ITSELF WITHIN 6-7 YEARS.
Please note the asking price is in Turkish Lira and its 8,500,000 Turkish Lira. The quoted Euro amount is subject to currency fluctuation. Please use our currency converter link above for a more accurate up to date equivalent price in your chosen currency.