Commercial real estate investments in Turkey are the most profitable investments among real estate. Commercial properties such as restaurants, bars, hotels, shops and offices always make a profit in terms of rental income and because it appreciates in value over time.
This type of property is bought at affordable prices based on the square footage of the property. The most important question here is the location of the property. Investors make high profits by renting commercial properties, buying them at affordable prices, or selling them when they appreciate in value after a few years.
Buying and renting places like hotels, offices, restaurants or cafes with home loans offers much greater advantages. You can take advantage of home loans with affordable interest rates and payment plan options that suit you.
Things to consider in commercial real estate investing
business area
If areas such as warehouses or basements of the workplace are also sold when buying commercial real estate, it should be checked whether these are included in the title deed. Since places such as warehouses or cellars are used as kitchens, especially in the case of objects used for gastronomy, the certificate should be checked carefully. Some apartments are then converted into workplaces and sold. These dwellings must be shown in the basic deed as places of work.
Parking and transportation to work
Preferably, there is a workplace parking space for the employees or for you or a parking space that you can use in the immediate vicinity. The proximity to public transport such as a bus stop, subway station or a taxi rank makes the property more valuable. It is an advantage in every respect that the employees and you have easy access to the workplace.
interior design
At first glance, customers determine the quality of the workplace based on the design and layout there. A pleasantly designed workplace that uses luxury goods makes customers happy. A renovated and spacious workplace will be attractive to customers.
Legal Approvals
There are different business areas in the commercial real estate industry. Sometimes it is necessary to obtain special permits depending on the work you are about to do or will be doing. For example, selling alcohol within 100 meters of a school or mosque is prohibited in Turkey. Failure to comply with the ban will result in the alcohol license being revoked from the workplace. Special situations and legal questions like these should be clarified and the necessary special permits for the workplace should be obtained in advance.
location
Location is the most important and critical issue for the workplace. The location should be chosen very well depending on the type of workplace to be opened. Your property should be in a central location, easily accessible for people and suitable for the type of business. Keep in mind that although high streets and central locations are more expensive, you will earn more in the future.
Benefits of Commercial Real Estate Investment
Investing in commercial real estate usually always pays off. The benefits of commercial investment can be explained by 3 reasons;
First; The rental yield for commercial investments is always much higher than the rental income for residential properties.
Secondly; While the apartment rental contract is concluded for one year, the workplace rental contract is usually concluded for 5 or 10 years.
The third reason is; Business owners are cheaper than homeowners. Homeowners must carry out repairs themselves in the event of repairs. However, if you rent out the workplace, you have to bear all the costs of the workplace and pay the taxes.
How can I make a commercial investment in Turkey?
If you are considering buying commercial property in Turkey, as Antalya Homes we are at your side in all processes. For reliable and accurate information you can contact us by phone or email and find out all the details about commercial real estate.
In addition, you can follow the investment opportunities in Turkey on our website and contact us to evaluate the investment opportunities that are suitable for your budget.