District of Istanbul Bahcelievler (Yenibosna). This is a very developed and densely populated area of Istanbul, with convenient transport interchanges, there are metro bus stations and metro, many bus routes run through this area to almost any point in Istanbul.
The area is very profitable for both residential and commercial construction.
On the site there is a building of 7000 square meters (2 floors of 3500 square meters), which is rented under the factory for the production of paint.
The new owner can maintain the current lease (the factory rents the premises for several years). The rental income is 35,000 Turkish liras per month, which is equivalent to $ 9,500 or $ 114,000 per year.
It is also possible to terminate the lease contract and demolish the factory building.
There are new development plans for this land.
It is possible to build a residential complex (residence) with the number of apartments from 120 to 250. The cost of apartments in this area of Istanbul is on average from
$ 160,000 to $ 270,000 for a residential unit. (120 square meters x 160,000 $ = 19200000 $)
Or in this area it is possible to build a new office building with premises from
100 sq.m and a lot more.
The minimum cost of offices in this area is $ 160,000 (100 square meters)
This object, without tax and any other debts, has all the necessary documents and is completely ready for sale.
