Istanbul Directorate Auctions Commercial Property in Bayrampaşa

The Istanbul Real Estate Sales Enforcement Directorate is initiating an auction for a valuable commercial property located in the Bayrampaşa district of Istanbul. This property, identified as a mezzanine shop within the C-29 Block of a multi-block business center, is situated on parcel number 20619 in the Sağmalcılar neighborhood. With a substantial estimated value of 17,000,000.00 TL (plus 20% VAT), this is a significant offering in the Istanbul real estate market. The auction process is structured in two stages to ensure competitive bidding. The first auction period is scheduled from June 18 to June 25, 2026, followed by a second round from July 16 to July 23, 2026, should the property not be sold in the initial phase. Detailed information, including visuals and terms, is available on the official esatis.uyap.gov.tr platform under file number 2025/565 TLMT.