8 GREAT TURKISH INVESTMENTS


THE BUSINESS OPPORTUNITY Ephesus, €495k (£423,300) (with company car)


Successful small boutique hotel in a traditional village near Ephesus, 11km from Kusadasi.


T e Muses House hotel off ers fi ve en-suite bedrooms, with a pool and smaller property in the grounds. It comes furnished and as a going concern (with relevant licences). Occupancy for the current year is 51 per cent, with typical gross revenue for the past three years being €50,000 for six months of operation (€20,000 to €30,000 net aſt er staff , running costs and living expenses deducted).


T e co-owner Nick Justice says: “T e idea of buying a business might sound intimidating to potential buyers, but in fact is easier and cheaper than a private property transaction. If the buyer doesn’t want to run a hotel, there are alternative scenarios: the smaller house could be let, whilst a family inhabits the main house, or both could be let out together as a ‘villa that sleeps 11 persons’. T is property does give a potential buyer immense fl exibility, beyond just a holiday home.


“We only run the hotel six months a year. If the hotel was open for a longer season, revenue could be extended to €75,000 or more, with perhaps more focus on the restaurant side. T is investment is ideally suited to a couple who have hospitality and food backgrounds.” (museshouse.com)


122 | aplaceinthesun.com


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