This amazing historical Sultanahmet Hotel is located in CemberlitasNear the famous old Turkish bath CemberlitasHistorical buildingMain tourist locationBrand new luxury furniture20 roomsLuxurious Ottoman style interior 380 m2 Land size200 m2 Living area1500 m2 Gated area180 m2 Size of backyard and restaurant 2 min. to Blue Mosque and Hagia Sophia5 min. to streetcar stop5 min. to Sultanahmet Square5 min. to Eminonu7 min. to sea and boats5 min. to all stores and markets8 min. to Grand Bazaar8 min. to Suleymaniye Mosque9 min. to Topkapi Palace10 min. to Karakoy and Galataport10 min. to Taksim Square12 min. to Bosphorus and Ortakoy40 min. to Istanbul AirportA great opportunity for investment
Characteristics
Property type
Commercial
Object type
Hotel
Price
7 122 276 $
FAQ
How can I get a residence permit by buying property in Turkey?
In Turkey a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Istanbul; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Turkey?
Banks in Turkey finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
What taxes and fees apply when buying in Turkey?
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
How is the title checked in Turkey?
A title search at the land registry of Turkey takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Can I rent out property after purchase in Turkey?
Yes. Rental income tax is 5–25% depending on the regime. In Istanbul short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (7 122 276 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Turkey?
A typical transaction runs 30–90 days, averaging 45 in Istanbul: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
Set on a 2,100 square meter plot of land, the hotel consists of three separate residential blocks offering a total of 40 rooms. There is a swimming pool and spa on site....