Property for Sale: Entire apartment block in Kas, Turkey

Reference: PT3186 - Date Added: Thursday 29th January 2009

Entire apartment block - Cerciler, Kas
4 apartments (sold as 1 lot)
Four properties for the price of one and all with sea views.
Butterfly Place
The property is structurally sound and water tight.
It needs updating, but at this price one would expect to spend a few bob.
Each of the floors have excellent sea views.
The property is less than 5 minutes from the centre of Kas with all its amenities.
This property is an investors dream.
* Three 3 bedroom apartments
* One 1 bedroom penthouse
* All have sea views
* All have fitted kitchens and bathrooms
* All 3 bedroom apartments have 2 balconies
* Penthouse has extensive terrace
* Separate water and electric meters for each dwelling
Renovation work - we estimate that an expenditure between £20,000 - £30,000 will modernise the property to a good standard.
A private pool can be built from £12,000.
The property is in a generally good condition.
Kitchens and bathrooms require updating
Locally (in Cerciler) 3 Bedroom apartments have a market value of between £60k and £90k.
Rental prospects are good as Kas is an upmarket resort town that attracts cultural and adventure tourists. in the 2008 high season almost 100% of holiday rental stock was occupied.