Gumbet Bar Street 2+1 Apartment for Sale | Sea View, Bodrum

Located on Gümbet's famous Bar Street, directly above Sami Hotel, this 60 m² 2+1 mid-floor apartment offers sea views, step-free rear entrance, and independent title (Kat Mülkiyeti). Positioned in the heart of Gümbet's tourism axis — Bodrum's highest-volume seasonal rental zone — this is a high-yield investment opportunity. 7,500,000 TRY (~200,000 EUR).

About the Property

Gümbet is one of Bodrum's highest-occupancy seasonal districts, with the longest daytime beach and the most active nightlife axis on the peninsula. This apartment sits at the core of Gümbet's tourism dynamic — on Bar Street, directly above Sami Hotel — within walking distance of the beach and at the center of the restaurant-bar-accommodation strip. The location offers a rare concentration for seasonal rental.

The 60 m² 2+1 layout suits couples or small families; for seasonal rental, it forms an ideal 4-person-capacity Airbnb/Booking product. The building has a step-free rear entrance (no stairs) — an important comfort feature for elderly guests, luggage-carrying tourists, and mobility-limited users. The mid-floor position balances distance from street noise with preserved sea view.

For Bodrum Center and Gümbet market dynamics, seasonal performance, and price segments, see our Bodrum Center 2026 Investment Guide.

Property Features

EUR equivalent is indicative based on current exchange rates and may vary at the time of transaction.

Location Advantages

Gümbet's Bar Street is the Bodrum peninsula's most intense and longest-season tourism axis. This apartment is positioned at the center of the street, directly above Sami Hotel:

• Gümbet Beach: Walking distance (3-5 minutes)
• Restaurants, bars, nightclubs: Steps away
• Markets, currency exchange, pharmacy: Steps away
• Bodrum town center (Cumhuriyet Avenue, Castle, Marina): 5-7 minutes by car, 15-20 minutes walking
• Bitez Beach: 10 minutes by car
• Milas-Bodrum Airport: About 35-40 minutes
• Public transport: Frequent service on main road (dolmuş + minibus)

The strongest feature of Gümbet's tourism axis is its foreign tourist concentration: for British, Dutch, Scandinavian and Eastern European travelers, Gümbet is Bodrum's best-known and most-chosen district. This translates to rapid visibility on international booking platforms (Airbnb, Booking, VRBO) for seasonal rental.

Investment Analysis

This apartment offers a rare formula in Bodrum for rental-yield-focused investment: low entry cost + high location premium + ready infrastructure.

Seasonal Rental Income Potential

In Gümbet's Bar Street segment, 4-person-capacity 2+1 apartments typically achieve weekly seasonal rental rates between TRY 30,000 and 55,000 (depending on location, view, equipment, and season period). The season runs 18-20 weeks from mid-May to end of September. Typical calculation:

• Average weekly rate: TRY 40,000
• Season length: 18 weeks
• Occupancy assumption: 75% (realistic for Gümbet Bar Street segment)
• Gross annual income potential: ~TRY 540,000
• Gross annual yield: ~7.2%

These figures are gross. After deducting agent commission, cleaning-reception, tax, maintenance fees and upkeep, net annual yield typically lands in the 3.5-4.5% range. With self-management (without an agent), net yield can reach 5%+. For deeper analysis, see our Bodrum Rental Yield Guide 2026.

Payback Period and Liquidity

The TRY 7.5 million entry cost places this property in the lower band of Bodrum's investment market — providing two advantages: (a) Payback period is relatively short (~14 years on gross yield, ~22 years on net yield), (b) On exit (resale), the buyer pool is wider — investors with limited capital seek apartments in this price band.

Who Is This Apartment For?

This apartment suits:

• Turkish investors with low-to-mid budgets seeking high-yield seasonal returns in Bodrum
• First-time Bodrum investors who want to operate in a proven, high-demand location
• Property owners seeking ready visibility on international booking platforms (Airbnb, Booking)
• Those planning a model with minimal personal use and maximum seasonal income
• 2-4 person small-family vacation users (couples, child-free families, friend groups)
• Investors seeking independent title, loan-eligible, fast-liquid property
• Users requiring step-free access (elderly guests, luggage-carrying tourists, mobility-limited situations)

Frequently Asked Questions

Is a permit required for seasonal rental in Gümbet?

Per Turkey's 2024 "Tourist Rental of Residences" law, properties rented out more than four times within the same calendar year for periods shorter than 100 days require a Ministry of Culture and Tourism Permit. The permit application requires approval from the apartment/building management. In tourism-focused districts like Gümbet, most building owners are themselves rental property holders, so this approval is generally obtainable — but building management rules and unanimity requirements vary case by case. For this building's specific situation, the management resolution document must be reviewed; we can guide you through the legal process and permit application. Unpermitted rental, if detected, results in significant administrative fines.

How does the Bar Street location affect noise and lifestyle?

Gümbet Bar Street is active until late at night throughout the season (May-September); the street is relatively quiet during daytime, with intense music and social activity from evening until 02:00-03:00. Off-season (October-April), the street largely quiets down. For seasonal rental, tenants accept this condition as a given — the Bar Street location is their primary booking motivation. For buyers planning personal use, noise is an important consideration; mid-floor positioning and rear entrance provide some buffer compared with street-facing units, but full silence should not be expected. In this respect, the apartment is optimal for investment-oriented, seasonal-rental-focused buyers.

What is the typical seasonal occupancy rate for a 60 m² 2+1 apartment, and which channels can be used for rental?

For well-equipped 2+1 apartments in Gümbet Bar Street location, typical seasonal occupancy ranges 70-85% (over 18-20 weeks May-September). The first year typically starts at 50-65%, reaching 80%+ in years two-three as visibility develops (review count, photo quality, price optimization). Rental channels: (a) Airbnb — primary platform for individual tourists and foreign guests; (b) Booking.com — for tourists seeking conventional hotel-style arrangements; (c) VRBO — for family-oriented foreign tourists; (d) Local agencies — for the Turkish segment seeking local contact and guarantee. Professional management services typically take 20-25% of gross income as commission.

Viewing and Contact

To view this Gümbet Bar Street investment apartment in person, evaluate the view and entrance, examine seasonal rental potential in detail, and obtain information about the building management situation, please contact us. Properties acquired before the season may offer the possibility of renting out the current season.