Small apart hotel for sale in popular Ovacik resort
Turkey · Muğla · Fethiye · Ovacik
Price
£189,000
Bedrooms
6
Type
Commercial
Ref
P196801
Property Details
- Country
- Turkey, Muğla
- Location
- Fethiye, Ovacik
- Type
- Resale
- Style
- Commercial
- Bedrooms
- 6
- Size
- Not Specified
- Garden
- Yes
- Terrace
- Yes
- Tenure
- Freehold
Small apart hotel for sale in popular Ovacik resort
The original plans of this complex show a small block of 4 apartments over 3 floors. The current UK owners converted the apartments into 2 x en-suite bedrooms with rear facing balconies (c16m2)overlooking the mountains and 4 one bed apartments (c35m2) with open-plan living and kitchen area with pool facing balcony off, a double bedroom with front facing balcony and a bathroom. The current owners have run the complex successfully for 5 years and are now looking to sell to relocate back to the UK.
The property is entered via the gardens into a small hallway with stairs leading up and down to one side. The lower ground floor is self contained and currently used as staff accommodation and storage. It has 2 large rooms (currently bedrooms), a depot/storage room used to keep stock and laundry and a bathroom. The entrance floor has 2 x 1 bed self-contained apartments accessed via a hallway. The upper floor homes a 1 bed apartment overlooking the pool and 2 x en-suite bedrooms. The 1 bed apartments currently gain between £150 and £200 per week in rentals throughout the summer season (May to October). A higher rental yeild is certainly possible if the complex was modernised. The hotel is not marketed heavily at present and relys on word of mouth and referrals to gain income. It is currently fully booked from July to September.
This hotel block makes up part of a larger complex including a larger block of 10 privately owned 1 bed apartments and one villa, again privately owned sharing beautiful mature rose gardens and a large feature pool with childrens section.
There is a garden bar with small back kitchen and 2 wcs that come as part of the hotel and has an established following with locals and ex-pats throughout the summer months.
A great price for an established business in a highly sought after tourist area just 10 minutes drive from Oludeniz beach and lagoon.
