- 2+2 Rooms
- 63 m² sq ft
Features
- All appliances
- Bathroom Furniture
- Car park
- Close to the bus stop
- Comfort +
- Concierge
- Dry Cleaning
- Elevator
- Fitness room
- Great location
- Household cleaning service
- Indoor pool
- Internet
- Luxury real estate
- Minimarket
- Outdoor parking lot
- Pilates and yoga room
- Prestigious district
- Property maintenance company
- Reception
- Recreation area
- Restaurant
- Satellite television
- Sauna
- Security
- Shop
- Shopping center
- SPA center
- Steam room
- Supermarket
- Swimming pool
- Turkish Bath
- TV
Description
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 issuing a certificate of ownership)
▪ 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.
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