Taksim apartment compound with full facilities

$ 146846

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Summary

  • Ideal investment in the heart of Taksim
  • Luxury interiors with branded appliances
  • Can be used as a short term rental with management included
  • Boutique hotel style facilities with glitzy lobby
  • Walking distance to all major hotspots of Taksim

About this project

Beyoğlu – if Fatih is the heart of the old City, Beyoğlu is the soul. This famous developer is constructing a boutique complex, in keeping with this tradition and history.

Luxury interiors with top class finishing is standard in all apartments, along with smart home systems. The complex is a residence, with a large lobby, reception, and full security provided. Being in the heart of the city, facilities are akin to a boutique hotel, with a spa, gym, and sauna.

Neighbours to the complex are big brands like Hilton, and many corporate offices have moved to this part of Beyoğlu. This neighbourhood has undergone major regeneration, with major road tunnels boosting the region significantly. A huge park is under construction in the grounds of an old mosque which will provide relaxing open-air views from the apartments.

Within a few minutes walking distance, residents of this complex will be at Taksim Meydan, and the Taksim hotel region is now expanding and merging with this part of Beyoğlu.

An investment here will bring immediate and significant rental returns. We anticipate with good management, a rental return of 7-8% which is outstanding for Istanbul. Capital appreciation in the short term will also be healthy, with the location undergoing major and wholesale regeneration. With such high demand in Taksim, these older quarters of Beyoğlu is proving attractive for normal Turks as well as businesses, hotels, and many other sectors. 

Facilities Breakdown

  • Sauna
  • Underground parking
  • 24 7 security
  • Turkish baths
  • Gym

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+0 37 sqm 37 sqm $ 133622 $ 137539
1+1 50 sqm 105 sqm $ 146846 $ 298278
2+1 89 sqm 108 sqm $ 262575 $ 419849

- 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.

Floor Types

Distances

  • Taksim 2 mins
  • Levent business district 15dk
  • Marmaray Metro 14 mins
  • Bosphorus bridge 10 mins
  • American Hospital 5 mins
  • Acıbadem Fulya Hospital 10 mins
  • Nigthingale Hospital 10 mins
  • Vodafone Besiktas Stadium 5 mins

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

This developer can be considered one of the biggest not listed on the stock exchange. Having created a trendy brand, it now has its "fanatic" investors, who will invest in almost every project they create. This developer has smartly stuck to central Istanbul - Sisli, Mecidiyekoy, Taksim, Nisantasi, Tesvikiye, these are all touristic regions, with exceptionally high demand from all sectors of the population - hence the developer has made a killing in buying up cheap land in the past, waiting for its appreciation, and now developing top class serviced apartments.