This property in Istanbul has it all – location, beauty and great investment returns. –
The Karamanyan is a beautifully renovated historical Ottoman Istanbul timber mansion, which consists of four stunning apartments, located on the island of Heybeliada just off the mainland of Istanbul south of Kadikoy. Heybeliada is the second largest in a group of four Islands known as “The Prince’s Islands” found in the Marmara Sea off the coast of Istanbul.
It is like stepping back in time and is an amazing contrast to the hustle and bustle of central Istanbul, which, with the fast boat is only 30 minutes from Bostanci and 50 minutes to Kabatas.
It is located on the Island’s main street on the way to the prestigious Halki Palace Hotel, two doors away from the Island Museum (Once In”nu’s house) and just a five-minute walk from the gorgeous Private Beach Club. The building, which stands at over 60 ft tall is one of the most impressive buildings on the Island and on the street, which translates as “Street of the Mansions”, this one is a show-stopper.
This amazing piece of Istanbul real estate was once a dormitory for the Monks living on the Island and attending the nearby Monastery, however today it is used as a boutique apartment holiday rental. The apartments themselves are full of original detail and charm and consist of two or three bedrooms; they have been completely re-furbished and re-designed from top to bottom. Each apartment boasts its own unique qualities and include grand ornate living rooms and bedrooms, private gardens, open and covered terraces and enjoy beautiful sea and mountain Views. Although each apartment is independent from one another with its own gas central heating, water and electricity, the development was created with the notion of friends or family sharing the overall property, so this is why the residence is being sold complete one mansion.
This Istanbul property stands on a plot of 320 square metres and the property boasts almost 500 square metres of internal living accommodation. This beautiful old timber building was built in 1875 as ‘Grand Bretagne Hotel.
When this hotel re-opened in 1898, the original hotel was sold to the English family the Splins and Kastriadises, later the ownership changed to mining industrialist, banker, amateur Aram, Hrant and ArtinKaramanyan brothers.
The present owners are British citizens. One is a filmmaker and the other a frequently publicized haute couture fashion designer. The building has been restored with enthusiasm and beautifully furnished by the owners, with great respect to its history. The renovation was completed in August 2008, and is fully insured for building and contents. Kitchens and bathrooms are fitted with luxury units. Many of the furnishings have been hand-picked by the owners in Europe and imported.
The season is April to October and on the present pricing structure and running at full capacity the turnover could be approximately 95,000GBP. The apartments are also popular over Christmas and New Years Eve and have even had bookings in November and March.
The property price includes all of the bespoke furniture, high spec kitchens and bathrooms each of which has been decorated and designed with local Turkish tiles. The sale also includes the website and rental sites with the history of bookings and business growth from the past 4 years – This is an invaluable foundation to build on for any buyers interested in carrying forth the lucrative rental business.
This truly is a unique opportunity to own an opulent Istanbul residence and a part of history, on an exclusive Island in Istanbul surrounded by the sea and natural beauty.
This rarely found mansion property in Istanbul is ready for enthusiastic and interested new owners and would be ideal to live in permanently, use as a family holiday or rent out as an investment property.