"6% net guaranteed rental return (from £5,616 pa)
A WORLD CLASS INVESTMENT IN AN EXOTIC LOCATION
Only 40% capital commitment, mortgages available LTV.
* An exclusive development consisting of 46 luxury apartments
* 1, 2 and 3 bedroom fully furnished apartments with air conditioning
* Roof Top Pool overlooking the Atlas Mountains
* Duplex apartments with private swimming pool
* Luxury Fully Furnished
* Plasma Wide Screen TV´s Lounge and Bedroom
* Italian Bathroom fittings
* Spoiling yourself with excellent spa and jacuzzi facilities
* Private car parking
* 24 hour Security
* With a brand new lakeside golf course only 10 minutes away
* 10 minute walk to Djemma El Fna Square
* 10km to Aiport
* 80Km to Atlas Mountain Ski resorts
* Completion March 2009
Luxury Furniture and Fittings
KITCHEN
* Dishwasher
* Oven and Hob
* Fridge-Freezer
* Washing Machine
* Kitchen Pack including cutlery, dishes, crockery pans, kettle, iron and ironing board, toaster, glasses
LOUNGE/DINING ROOM
* 3 or 2 seater sofa
* Armchair
* Coffee table
* Plasma Wall mounted TV
* Lamp Table
* TV Table
* Dining Table and Chair
* Table Lamp and shade
MASTER BEDROOM 1 (bedroom 2 and 3)
* Double Bed 135 x 190 and Mattress.
* 2 x Bedside Tables.
* Headboards.
* 2 x Bedside Lamps and Shades.
* Linen pack x 2
* Plasma TV to Master bedroom
* All lighting as required
* All soft furnishings as required to windows
BATHROOMS
* Vanity Cabinet and Mirrors
* Towel rails
* Towel Pack
* Italian luxury bathroom fitments
LOCATION.
Marrakech is a sophisticated, exotic, vibrant city, rich in culture, history and simply bursting with tourism.
Marrakech has long been a popular choice with Franch and Spanish property Investors, looking for a special holiday home for income generation. Now the rest of Europe is catching on.
Since the arrival of low cost airlines. Marrakech has gained in popularity as a tourist destination. The online travel website Opodo recently named Morocco as third in its top ten destinations for 2007.
Marrakech is also a symbol of the Morocco that once was, and which still survives here. The streets of the old and pink city have been too narrow to allow the introduction of cars, and tourists searching for the ""real"" Morocco have turned the medieval structures of Marrakech into good business.
The hordes of tourists that come here all through the year have still not managed to change its character. Actually their high number contribute in a positive way to preserve one of the greatest monuments of the Morocco that once was. And the people of Marrakech love their city even more.
Marrakesh is above all a city of drama. Its spectacular setting against the snow-capped High Atlas Mountains lingers long in the minds of most travellers, and the famous Jemma el-Fna square provides perhaps the greatest open-air spectacle in the world. Be drawn back into a world of frenzied motion, where jugglers and storytellers jostle for position with snake charmers, magicians and acrobats. Your nose will guide you to row upon row of open-air food stalls whose pungent smoke fills the air with mouth-watering aromas.
FINANCIAL INFORMATION
A luxury apartment in the heart of Marrakech, a common sense investment
* 1 Bedroom from 1,555,400 MAD (£93.635)*
* 2 Bedroom from 2,443,980 MAD (£147,128)*
* 3 bedroom duplex with private swimming pool from 4,030,026 MAD (£242,609)*
* Capital commitment 40%
* 6% net guaranteed rental return (from £5,616 pa)
* Up to 70% LTV mortgages available
*Properties are purchased in Moroccan Dirhams.
INVESTMENT BRIEF
Net 2 Year rental return 6%
Rental Income Tax 0%
Capital Commitment 40%
Capital Growth 20 – 25%
Repatriation of funds 100%
Payment terms
* 3,000 euros holding deposit
* 40% on private contract (within 4/6 weeks) from £35,452 approx
* 60% on completion (March 2009 approx)
" |
