Front line sea view property in Karagozler

£1,105,000
ForLux. Karagozler, FethiyeArea 1Baths 3Beds YesParking Login

INVESTMENT OPPORTUNITY – Front line sea view property in Karagozler

OCEANWIDE PROPERTIES EXCLUSIVE!

Location: Karagozler is a central Fethiye suburb less than a 5 minute drive along the seafront from Fethiye town centre. The area has attracted the local wealthy and elite for many years due to its fabulous bay views and close proximity to the town centre. Karagozler stretches up the side of the pine clad mountains with a main through road running along the seafront where this property is located.

The area homes a good number of luxury and boutique hotels, some high end properties and a few mini-markets along the front. The rear is largely residential with a variety of apartments and villas in elevated positions making the most of the glorious sea views. The ‘dolmus’ local bus service runs from outside the property allowing for easy access into Fethiye and other areas locally. A number of private beaches are tucked into coves a few minutes’ drive from the property and a small private marina with restaurant lies opposite.

In brief: This is a dated property and would benefit from renovation if kept. Alternatively the 572m2 prime land plot could be used as an investment to build 2 x semi detached modern villas, a small apartment block or maybe even a small boutique hotel. The property as it stands comprises a reception room, hallway, kitchen, large lounge/dining space and cloakroom/wc on the first floor.

The upper floor homes 3 good sized double rooms, 2 with clear sea views, a family shower room and a large storage cupboard. The property sits on 572m2 land with a traditional stone outhouse/ wood storage with open fire. The garden stretches to the side and rear of the property over 3 split levels.

Accommodation in full:

This sea view property in Karagozler is accessed via steps up through a small front garden from a public path opposite the seafront. There is ample on street parking outside.

GROUND FLOOR

Property entrance via double patio doors from the front sea view patio. This leads into a reception room, currently used as second sitting room. This is a good space that could be used as a dining room with double internal doors leading to the lounge on the right. To the rear is a door leading into the hallway.

Hallway is L-shaped with door to the rear leading into the back garden. Doors lead to;

Lounge stretches the entire length of the property with ample space for seating and furniture. There are glorious views across Fethiye bay to the front, and the back garden to the rear.

Kitchen is in need of renovation. It is currently galley style accessed via an arch from the hall.

WC/Cloakroom is located under the stairs with wc and washbasin.

FIRST FLOOR

Hallway is L shape with large storage cupboard at the top of the stairs. From here you find;

Bedroom 1 (Master) is a generous double with French doors and Juliette balcony offering views straight out over Fethiye bay

Bedroom 2 is another good sized double with built in wardrobe, French doors and Juliette balcony again offering wonderful sea views.

Bedroom 3 is a good size currently used as a twin room. Juliette balcony overlooks the garden to the rear.
Family Bathroom benefits from a double shower, washbasin, WC and plumbing for a washing machine.

PROPERTY EXTERIOR

The front of the property has a small garden leading from the roadside path with steps up leading to the property entrance. Here you find an elevated sea view terrace with space for table and chairs – the ideal place to enjoy a glass of wine or coffee and take in the stunning sea views.

The rear of the property has a small traditional stone outhouse with stone fireplace; this would probably have been an outdoor kitchen at some point. Current owners use this for wood storage and as a pantry.

The garden is large stretching to the side and rear of the plot over three stepped levels. At present it is overgrown with a wide selection of fruit and olive trees, vines and shrubs.

INVESTMENT POTENTIAL

This sea view property in Karagozler is in a truly wonderful and highly sought after sea front location. Properties like this, in this area, rarely come on the market – the investment potential is excellent. This property, or the plot, offers a number of options:

Existing Property Renovation. This property is dated and in need of renovation. The gardens are overgrown and need tending but the basics are all in place. The rooms, bar the kitchen, are all a good size. The garden needs clearing and landscaping. A good interior designer, builder and a little creativity could bring this property to life.
New Build of 1/2 Properties. This property is in a prime location. It sits on the sea front opposite a private marina amidst luxury boutique hotels, the homes of Fethiye’s elite and the holiday homes of wealthy yacht owners. It may be possible to demolish the current property, level the plot and build 1 large villa, or perhaps 2 semi-detached properties on the 572m2 plot. We understand that the building allowance in this area is 40% leaving a possible footprint of 228m2.

Small Apartment block. Another option may be to build a small high-end apartment block of 2/3 units to maximise return making use of the full building allowances.

For more information on this sea view property in Karagozler and others in the Fethiye area, please contact Oceanwide Properties.

Private Pool Shared Pool Furnished Part Furnished Unfurnished Terrace / Balcony Garden Fireplace / Heating Air Conditioning Solar Panels / Hot Water Heater Security Bars / Camera Sea View Mountain / Forest View City / Town / Resort View Rental History Airport Within 1 Hour Near Healthcare / Hospital Near Sports Facilities Near Shops / Market Near Marina Near Golf Course Near Restaurants / Bars Additional facilities on site Beach within 15 minutes
Property Address: Karagozler, Fethiye
Pin Code : 4281436
Property City : FETHIYE REGION (ALL)

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