I appraised one of Mecidiyeköy's most valuable shops
The owners of the furnished apartments I had previously rented in Beşiktaş Gayrettepe told me they were considering selling their Mecidiyeköy shop and requested a valuation.
I visited the shop in question, took measurements with my laser meter, examined its floor plan and location, and analyzed its comparable status against the potential for urban transformation.
I then developed my comprehensive appraisal and presented the marketing efforts I could conduct domestically and internationally to find the right buyer to the property owners.
Both the shop buyer and the shop investor are unique categories in their own right.
Shop investors know this: The tenant pays the withholding tax, there are no renovation costs, and the payback period is shorter than other real estate alternatives.
Those who buy a shop for use look at a minimum five-year lease, often 10.
In the real estate of valuable shops, all that matters is math. The math of financing, the math of reaching customers, and the math of returns.
It was a pleasure for me to conduct the valuation of one of Mecidiyeköy's valuable shops.
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