Tenant-Occupied Shop + Office for Sale in Gümbet | Separate Titles

Located in Bodrum Gümbet on parcel 307/2, this commercial property comprises a 140 m² shop unit (including storage) and a 70 m² first-floor office configured as a 1+1 apartment. Each unit holds a separate title deed and can be purchased individually or together. Both units currently have active tenants generating a combined monthly rental income of TRY 80,000 – 100,000.

This property offers a fundamentally different structure from residential investment: tenant-occupied, actively income-generating commercial real estate. The buyer begins receiving rental income from the moment of purchase, with no vacancy risk. Gümbet's position as one of Bodrum's highest-traffic tourist districts supports long-term tenant retention for commercial properties.

Property Specifications

Yield Analysis

This commercial property's strongest feature is its concrete, calculable return structure. Unlike residential investments where rental income relies on projections, here the income stream is verified by existing lease agreements.

Combined Purchase Scenario (TRY 16,000,000 / ~€400,000)

6.0–7.5% gross annual yield is notably above the average residential rental yield in the Bodrum market (typically 3–5% gross). Commercial properties structurally deliver higher rental-yield ratios compared to residential holdings.

Individual Purchase Scenario

Location Advantages

Gümbet sits immediately adjacent to Bodrum centre and ranks among the peninsula's highest-traffic tourist districts. High pedestrian and vehicle traffic directly supports demand density for commercial properties. The concentration of hotels, restaurants, shops, and entertainment venues strengthens commercial real estate's tenant-finding capacity in the area.

Commercial property in Gümbet benefits from high turnover potential throughout the tourism season. The district's partially year-round activity (hotels, bars, and restaurants operating to some degree in winter) ensures commercial rental income is not solely summer-dependent.

Bodrum town centre is 5–7 minutes by car, and Milas-Bodrum Airport is 35 minutes away.

Investment Analysis

• Existing tenants = zero vacancy lead time: Both units are currently tenanted. The buyer avoids any tenant search period; income flows from day one. The shop tenant's 3-year lease provides medium-term income predictability.
• Separate title flexibility: The separate title deeds give the buyer future flexibility to sell one unit while retaining the other. Separate saleability also increases liquidity — selling two smaller units is generally easier than selling one large property.
• Commercial yield advantage: While residential properties in Bodrum typically generate 3–5% gross rental yield, commercial properties reach 6–8%. This property's 6.0–7.5% gross yield aligns with commercial real estate averages.
• Inflation protection: Commercial lease agreements in Turkey typically include annual CPI or PPI-linked rent increases. During high-inflation periods, rental income adjusts upward in nominal terms — strengthening real estate's inflation-hedge advantage over fixed-income instruments.
• Storage adds value: The shop's integrated storage area is a significant operational feature for tenants. Commercial properties with storage find tenants more easily and command higher rental potential than storage-free equivalents.

Who Is This Property For?

• Passive-income investors: Investors who prefer not to manage property actively and want regular rental income from a tenant-occupied commercial asset.
• Portfolio diversifiers: Investors looking to balance a residential-heavy property portfolio by adding commercial real estate with a structurally higher yield profile.
• Budget-splitting buyers: The option to purchase units separately allows phased budget deployment. Acquiring the office first (TRY 5M) then the shop later (TRY 12M) is possible.
• Commercial-asset seekers in Bodrum: Business owners or investors wanting to acquire physical commercial assets in a high-traffic district like Gümbet.

Frequently Asked Questions

Will existing tenants remain after the sale?

Yes. Under Turkish law, tenant rights are strong; existing lease agreements are unaffected by property sales. The new owner assumes the existing contract terms. The shop tenant holds a 3-year lease, the office tenant a 1-year lease. This is advantageous for investors as the income stream continues uninterrupted post-sale. When contract terms expire, the renewal or new-tenant process begins.

Is the tax burden on commercial properties different from residential?

Yes. Commercial rental income is subject to different tax treatments compared to residential rental income. Withholding tax is applied to commercial rents, and VAT may apply. Detailed tax advice from a certified accountant is recommended when calculating net yield. As a general framework, approximately 75–85% of gross rental income remains as net; however, this varies by individual tax circumstances. House Bodrum can provide general process guidance; a financial advisor is recommended for tax specifics.

Is it possible to purchase the two units at different times?

Yes. Since both units hold separate title deeds, they can be purchased independently. Buying the office first (TRY 5,000,000) and the shop later (TRY 12,000,000) is feasible. However, the combined price of TRY 16,000,000 (instead of TRY 17,000,000) applies only when both units are purchased simultaneously. Individual prices apply when purchased at different times.

Viewing and Contact

To schedule a viewing or request further details about this property, please contact the House Bodrum team. Viewings of commercial properties are coordinated in liaison with existing tenants.