Buying commercial property is an ideal choice for investors who are prioritizing ROI above all other factors. It is well known that commercial properties grant higher and more stable income in comparison with the residential properties. Tenants who are occupying shops and offices are usually companies and investors, with long term renting contracts, and big-budget supporting their business, chances for them being behind their payments are extremely low.
It is important though for investors to know that commercial properties are suitable for business purposes only, and can’t be used on the personal level. The only two available options for the investors who buy commercial properties, are to use these units for their own business or rent them out.
Similar to the residential properties, commercial properties won’t only grant an income from renting them out, but also will gain value appreciation especially when buying them in strategic locations.
It can be argued that the first and the most important factor determining the price of the commercial property is its location in Istanbul. Whether it is located in a crowded residential compound or a strategic location on a fancy street. The location will determine the demand and the renting price of the commercial property which determines the property’s price.
The property’s size, age, and the quality of the constructions are also important factors affecting the prices of the commercial properties in Istanbul. Commercial property prices in Istanbul are relatively higher than the residential property, due to its higher renting value in comparison with the residential units.
Istanbul is a huge city, and it is considered to be the industrial capital of Turkey. Various ranges of commercial property for sale in Istanbul can be found in different areas of the city. The main types of commercial properties are shops, offices and hotel apartments.
Nowadays residential compounds in Istanbul have their shops and restaurants, for some huge compounds even shopping malls, office blocks, and hotel apartments can be found inside the compounds as well. Commercial units in the residential compounds have a huge competitive advantage, as they are open to the public, and have their customers who are occupying the residential units inside the compounds. These types of commercial units provide investors with risk-free investment opportunities.
Shops in Istanbul represent one of the most profitable and stable investment opportunities in the city, they grant remarkable returns for the investors and, they are being occupied by the biggest commercial brands of Turkey. Having such powerful tenants will protect the investment from most of the risks involved in the investment process.
Our portfolios have a wide range of different shops all around Istanbul additionally, our shops are already rented which means the existing rental agreement will be switched to the investor when buying the shop. These shops are perfect for overseas investors, as no managing and renting efforts will be required from them.
Offices for sale in Istanbul can be found in different areas of the city. The city of Istanbul is divided into several business centers, some of these business centers are located in the centric areas of the city such as Sisli and Maslak. Offices located in the centric business centers are considered to be the most expensive offices in the city. However lower prices for offices can be found in the developing areas, which are considered to be the new business centers such as Basin Express area. Basin Express is being boosted remarkably by Istanbul’s new airport, the subway lines reaching that area, and the biggest shopping mall in the city (Mall of Istanbul). Investing in the new business center would grant the investors not only a remarkable income but also a huge value appreciation within a short period.
The concept of hotel apartments is relatively new to Istanbul, and most of the hotel apartments started to be delivered within the last few years. Hotel apartment’s concept has proved to be a successful investment all around the world, and have started to be developed in Istanbul; especially after constructing Istanbul’s new airport, and the massive number of tourists visiting the city from all around the world every year. Hotel apartments are quite suitable for foreign investors, as a local experienced managing partner will be taking care of managing, and renting operations.
Lands for sale in Istanbul can be found in several areas of the city. Lands for sale which are located in the central areas of Istanbul are relatively smaller and more expensive than those located in the suburbs of the city. Land’s value all around the city is increasing dramatically, due to the high demand for new construction, and the powerful transportation networks, which are boosting the value of the lands even in the suburbs. Turkey has witnessed higher demand for farms in the last decade. Investors are buying or renting farms for different purposes. The Turkish government is also providing more facilities and subsidies for farm investors.
Unless you are buying commercial property for your own business with your criteria, please check our step by step guide for buying the most profitable commercial properties in Istanbul;
Our first and most important goal is client satisfaction. CCT investments is well known is the real estate market with hundreds of loyal and satisfied clients. For us it is not just business, it is building a long last relationship with our clients based on transparency and right advisement.