LES TERRACES DE GUELIZ

Ref: 50018

Type: Apartment (New, Offplan)

Location: Gueliz, Marrakech, Morocco

Price: 136836 to 478443 EUR (136836 to 478443 EUR)
* Estimated price; conversion of actual MAD (Moroccan Dirham) price made on 04.02.08 at 1 MAD = 0.088 EUR

1 bedroom, 1 bathroom

Recommended, guaranteed rent, portfolio

Pool
Garage
Solarium
Furnished
Air Conditioning

Distance to golf course: 10 km
Distance to airport: 10 km
Distance to town: City Centre location

Images

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 & Bedroom
• Italian Bathroom fittings
• Spoiling yourself with excellent spa & 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 & 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 & Chair
• Table Lamp & shade

MASTER BEDROOM 1 (bedroom 2 & 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 & 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

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)

About Morocco

Sitting on the very edge of Europe, Morocco enjoys miles of un-spoilt beaches and the same warm sunny climate as other Mediterranean resorts. The country is undergoing continuous improvements to its infrastructure and is becoming increasingly accessible for western Europeans. Morocco is fast becoming known as the most exotic short-haul tourist destination for Europeans.

Tourism is, and will continue to be, of critical importance to the country’s economy. The Moroccan government has developed a new national tourism strategy, vision 2010, which will see Morocco’s tourism industry transformed within the next decade and its contribution to the national economy considerably enhanced. Not surprisingly, the tourism sector is experiencing strong growth and last year it grew by 18%.

The main objectives of the Moroccan national tourist strategy, Vision 2010, are to:

• Attract 10 million visitors annually to Morocco by the year 2010
• Build new roads
• Develop regional airports
• Increase direct flights from all over Europe
• Create 6 new coastal resorts
• Create 600 000 new jobs in the tourist sector

Quality real estate development is just beginning and property prices are very affordable compared to other European resorts.

Climate and weather in Morocco

The weather in the coastal regions of Morocco is good virtually all year round – very similar to the Costa del Sol. Average temperature in summer is 35ºC and in winter it’s 22ºC.

Inland in the high Atlas mountains the weather and climate are much influenced by height. The Atlas mountains here are at their grandest with the highest point rising to 4,163 m/13,655 ft. Winter snowfall can be heavy and the highest areas are snow-covered well into the summer. Cloud in the Atlas mountains also reduces summer sunshine to some extent.

Inland at lower levels the summers are very hot, while in winter and spring winds blowing off the mountains can cause some very chilly days. At medium altitudes the climate of Morocco is healthy and very pleasant around the year. Summers are hot but the humidity is quite low while the winters are generally mild and sunny despite some spells of changeable weather.

Daily hours of sunshine on the Atlantic coast average nine to ten as compared with up to twelve inland in the desert. In the north, winter sunshine hours range from five to six a day to as many as eight south of Agadir.

A Guide to Buying Property in Morocco

Despite being only a short trip away from Spain, and being in the same time zone as the UK, Morocco seems a world away from Europe. This is a fascinating country where ancient beliefs and customs exist happily alongside modern, cosmopolitan attitudes. The natural, physical beauty of Morocco is also diverse, ranging from a Mediterranean coastal environment through scenic mountain landscapes to the empty wilderness of the Sahara. Your home in Morocco will give you the perfect base from where you can explore this mysterious corner of Africa, and discover the vacation destination of your dreams. Morocco’s natural, historical and cultural richness turn it into a paradise waiting to be discovered. If the whole country represents a great investment opportunity in tourism, Saïdia, right by the Mediterranean, is the best choice for those who wish to enjoy nature in its pure state and for investors wishing to purchase in a new, up-and-coming area.

Why to buy in Morocco

• This is an exciting opportunity to invest in a new growth area.
• Morocco is less than 3 hours flying time from England and most other European cities.
• Recognized by the rich and famous as the place to be seen - much like Marbella in the 70’s.
• The Moroccan government is actively supporting and promoting resort areas to attract foreign owners
• Morocco aims to attract over 10 million visitors by 2010.
• Cost of living is low - so you can afford to spoil yourself.
• The climate is warm and sunny with extremely low rainfall.
• The countryside is stunning and mountainous, with beautiful Mediterranean beaches.
• Golf courses, marinas, commercial centres and sandy white beaches.
• There are lots of interesting places to visit and explore.

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