Hotel residence in the heart of Taksim

$ 1,110,705

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Summary

  • A boutique residential complex.
  • Modern Residence Facilities.
  • Unique architectural design .
  • Sea and greenery view.
  • Premium Location in Taksim hotel district.

About this project

A boutique residential complex with a unique architectural design with 112 Residential units,15 Offices and 5 Commercial units.

High end interior finishing is combined with smart home technology installed. The eye catching exterior design is based on a honeycomb, and blends in seamlessly with the environment. Common spaces are built to five star hotel standards, and indeed this is the target of this complex.

The residence is built in Taksim, the center of Istanbul and close to the Turkish TV giants Show TV and Habertürk buildings. Rixos Taksim, Elysium Taksim projects are its high class neighbours, and the region is Taksim's hotel quarter.

The project offers modern residence facilities in a region mainly used by tourists. The residences in the project are all designed with balconies and the apartments on the upper floors have terrace areas.

The Residence offers a dynamic and elite life in the triangle of Beyoglu, Istiklal and Taksim, offering an excellent investment opportunity for luxurious, spacious and prestigious life seekers with its proximity to business, living and entertainment areas. It will provide high premium to the investors.

*** Prices are currently 35% under the market value, an exclusive to Pera Property***

Facilities Breakdown

  • Sauna
  • Underground parking
  • 24 7 security
  • Gym
  • Child play areas
  • Indoor swimming pool
  • Outdoor swimming pool

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 88 sqm 131 sqm $ 885612 $ 1517683
2+1 115 sqm 160 sqm $ 1110705 $ 2034949
2+1 115 sqm 160 sqm $ 1110705 $ 2034949

- Price ranges last updated 18/11/2018
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.

Payment Plan

This product is available as full payment in cash only, with short term payment plans by negotiation only.

Distances

  • 5 minutes walking distance:
  • Taksim square & Metro station
  • Grand Hyatt / Bosphorous HIlton
  • ITU Architecture school
  • Acibadem private hospital (opposite)
  • Rixos Hotel (directly opposite)
  • Istiklal Avenue
  • Within 10 minutes by car:
  • Dolmabahce Palace
  • Besiktas Inonu football Statium
  • Macka & Istanbul University
  • Besiktas square
  • Galatasaray historic college
  • Most international consulates
  • Fatih

Regional information

Beyoglu, the soul of Istanbul, encompassing Taksim, the balcony of the Bosphorus. Where history is made, where legends were born, Beyoglu has gone through hundreds of transitions.

Everyone knows Beyoglu, yet high quality modern housing is almost out of the question. Almost all of Beyoglu is protected by law, so finding residences like this one is a rarity - hence the pricing. Bringing you walking distance to all essential touristic parts of Istanbul. This is an investors dream, targeting the extremely dense tourist market. 

Investment information

Beyoglu provides outstanding investment potential of course. A bouyant short term rental market means the average return on investment is just 13 years, making rental income nearly 8% on average. Demand far outstrips supply due to the huge restrictions on construction in the area. With almost everything in the region having historic value, renovations or demolitions are exceptionally difficult. Most new stock is provided by the demolition of poorly built stock from the 70s, meaning any new stock is exceptionally expensive.

An investment in Beyoglu is pricey, yet one of the easiest to make in Istanbul. Selling on is quick and easy compared to other districts, with the region always in high demand.

Developer Background

Building in Taksim requires a titan of a developer, and these guys are just that. To get a building permit in this region is nigh on impossible, without the right contacts. This developer is one of Turkey's biggest, regularly deliverying thousands of homes a year. This construction is probably its smallest undertaking, yet one that has seen the highest of demands due to its location.