Real Estate in Turkey - Reha Medin Global

Commercial Building for sale in Harbiye Istanbul Turkey

Real Estate in Istanbul Turkey - Reha Medin Global

COMMERCIAL BUILDING FOR SALE IN HARBIYE- Istanbul commercial real estate for sale

The building for sale is located in Harbiye, Şişli between the most popular areas of Istanbul, only 7 minutes walking distance of internationally renowned designers’ boutiques, the cities best restaurants and most popular cafes, distinguished galleries and the trendiest nightspots in Nisantasi as well as 7 minutes walking distance to Istanbul’s famous Taksim Square where there is always action in 7 days/24 hours with its shops, cafes, restaurants, bars and nightclubs.  Old town, Sultanahmet district is 20 minutes and the airport is 30 minutes away.

Apartments of the building have been provided for rental service in the short and midterm periods. 

Each apartment comes with a bathroom and private kitchen that includes cooking hob, kettle/ tea maker, microwave and a refrigerator. Featuring light interiors, the apartments are decorated with modern furniture. They all include air conditioning and central heating. They all have a seating area with a comfortable sofa and satellite 32 “LCD television TV and free Wi-Fi internet access.  

The current owner of the building provides rental management service for this building and some other buildings. If the new owner prefers, he is willing to discuss to provide the management service for the new owner. The current owner having a global perspective has been in tourism for years and has a good network in the sector for business development. The new owner basically will take over the up-running profitable system with a high capital gain potential.     


  • Located in Harbiye,Şişli, İstanbul
  • In the heart of Istanbul between two most popular parts
  • 1 minute walking to the main street; however, in the quiet part
  • 5 minutes walking to subway (Osmanbey station) and main buses
  • 5 minutes drive to main roads and Bosphorus Bridge
  • 7 minutes walking distance to Taksim Square, Nişantasi and Şişli where you can find İstanbul’s important business centers, hospitals, shopping malls and social activities-restaurants, cafes, boutiques, art galeries, antics, bookstores, concert areas, theaters, bars and night clubs.
  • 20 minutes to Old Town ( Sultanahmet area), 30 minutes to the airport


Average gross m2 of a unit: 55 m2

Average net m2 of a unit: 40m2

Number of apartments for rent service: 12

  • Nine 1+1 type apartments
  • Two studios (One with a nice terrace and one in the half basement)
  • One 1+1 type duplex apartment with a nice terrace

Current operation of the building: Short-Midterm rental service

Average daily rent: 70Euro

Rent price includes : Electricity, water and gas consumption, weekly flat cleaning and weekly replacement of fresh linens ,free wireless cable and wireless internet ,Satellite  32 “ LCD television, Air Condition and laundry/washing machine.

Average monthly net income after expenses such as property management, marketing, cleaning, utilities, etc: 10.833Euro

Price of the building with furniture: 1.490.000  Euro

Ground area: 105m2

6.5 floors on the front side and 8 floors on the back side


  • Designed and built for providing rental service
  • Voice and heat isolation
  • Elevator, emergency stairways, laundry and stainless water depot
  • Central heating system by dual boiler system

Financial Strengths:

  • Current management office on the first floor either will rent out as a studio apartment or rent out to the property management company. That will increase the current income.
  • High expectation of title deed status change soon from residential to commercial
  • Instant 20% capital gain when title deed status changes
  • Higher capital gain compared to the rest of Istanbul due to the high demand for the neighborhood  
  • Possibility to increase the rent income 10%
  • Option to continue with the current rent management
  • Higher income potential to shorten the rental period as the management has been successfully doing in the past few months
  • Possibility to add one floor with the new floor area ratio


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