Excellent Investment Opportunity

Located just a short walk from the center of Armutalan, this building—constructed on an 840 m² plot—features twenty-three one bedroom apartments with open-plan kitchens and one studio apartment as well as an open air swimming pool.  

It represents an excellent investment opportunity for operating an apart-hotel or generating long-term rental income.  But the biggest reward is on its resale value when each unit is sub divided and individual title deeds are obtained.

The building is currently held under a single title deed but has benefited from the zoning amnesty; "Building Registration Certificates" have been obtained for each of the 24 independent units, making them ready for the issuance of 24 separate title deeds.

Once the separate title deeds are issued, each one bedroom apartment can easily be sold individually for between ₺5,500,000 and ₺6,000,000—depending on its location within the building—enabling you to realize significant profits in a very short time.

If you furnish the apartments to international standards, you can easily rent out each one bedroom apartment for ₺35,000 and the studio apartment for ₺25,000. In this scenario, your rental income would be:

(₺35,000/month x 23 units) + ₺25,000 = ₺830,000 per month; ₺830,000 x 12 months = ₺9,960,000 in annual rental income.  Considering that rents increase year by year, your investment effectively pays for itself in as little as 8 years!

In its current unfurnished state, the annual rental income is ₺7,080,000; factoring in the CPI (Consumer Price Index), the unfurnished rental yield offers a 10% return on your investment.

This corner building, situated on a main avenue with road frontage on three sides, was constructed using 225-dosage ready-mixed concrete, a raft foundation, 100% ribbed rebar, and a ribbed slab (asmolen) system.  Even the garden walls were built using 216-dosage ready-mixed concrete. Ranked among the most structurally sound buildings in Marmaris, it comprises four floors with six apartments per floor.

Exterior thermal insulation (using the DYO system) was applied in 2018.

Features include a rooftop solar energy system with 20 collectors, a central antenna system wired to the living rooms and bedrooms, a 9-meter garden well that never runs dry, and a swimming pool plus children's pool equipped with a NASA-developed ion disinfection system (the only pool in Marmaris that is chemical-free and features water three times cleaner than drinking water standards).  

Additional amenities include a 5-ton antibacterial "Maavi" clean water tank, a high-power Baymak booster pump, and fire hose cabinets and fire alarms on every floor.  Electrical wiring for air conditioning was installed during construction, with wall switches already in place, eliminating the need for demolition or surface-mounted cabling (a key-card system can also be implemented by simply installing a switch).

The garden includes separate restrooms for men and women, and the pool area is equipped with drinking water and wastewater plumbing connections.

An occupancy permit (İskan) has been obtained.  Thanks to the beam-free ribbed slab construction, interior walls can be easily reconfigured to expand or reduce room sizes.

A lucrative and excellent opportunity for the investor.