This Riad Guesthouse For Sale Marrakech is wonderfully located in the up-market Sidi Abdelaziz district of the Medina. 6 en suite bedrooms. Plunge pool. Terrace with views over the Atlas Mountains. Hammam. It comes with future bookings and all goodwill. And it’s new on the market at just E399K (Dhms 4.3m £345K). It’s the perfect opportunity to get into the boutique Riad market and to hit the ground running.
The rooms are spacious and comfortable
In a quiet and private Derb in the heart of the buzzing tourist quarters of Marrakech Medina you will find this lovely Riad Guesthouse For Sale Marrakech. It has a footprint of 189m2, giving over 350m2 of living space as well as wide, sunny terraces. It is a titled and authorised Riad Guesthouse.
The dining/sitting room
The entrance hall leads you into the sunny patio courtyard with it’s generous plunge pool. Set off the patio you will find a comfortable Bhou summer lounge, a good kitchen, a dining/sitting room and one en suite. There is also a working wood-fired hammam for your guests to enjoy!
The first floor has a little room for the staff as well as four further en suite bedrooms, all accessible from the wide coursives running around the patio.
A first-floor en suite bedroom
The terrace boasts lovely views over the Medina and the Atlas Mountains beyond. Your guests have space for sunning and can use the charming Caidal Tent for shade and cocktails.
A lovely sunny terrace with great views
So call me now on 00212658025028 or mail colin@bosworthpropertymarrakech.com to arrange a viewing of this Riad Guesthouse For Sale Marrakech.
The entrance hallThe ground floor suite has a fireplace. All the others have air conditioning and heatersA good sized kitchen in this Riad Guesthouse
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In a quiet Derb close to the Mouassine Fountain and all the wonderful attractions of the great souks, lies this charming Riad For Sale Marrakech – Mouassine. It is a beautiful Riad To Renovate, with over 150m2 footprint and space to develop good size en suites. The asking price is a tentative 2.4m dirhams (E222k £192K) with plenty of room for discussion.
Real charm and authenticity
There are two entrances to this old family Riad. The main entrance takes you into the shady and colonnaded patio courtyard, with it’s orange trees and it’s central fountain. Note the old woodwork throughout, including old doors. The walls on the ground floor are nearly a metre thick, providing robust stability as well as cool Summer temperatures.
A snug and cosy Riad to Renovate in a beautiful part of the Medina
Around the patio are set two traditional Salons and a little room, as well as the second entrance hall. The first floor is currently configured on two side of the patio. On one side there is a little “appartment” with two small rooms, one bedroom and another room giving access to one of the terraces. On the other side you will find two further rooms and access to the second terrace.
This Riad For Sale Marrakech – Mouassine – would be perfect as your family holiday home and would be easy to rent out once restored. So call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing.
Some lovely original features to conserve
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This utterly Unique Investment Opportunity Marrakech Medina is an ancient Riad right on the Dar El Bacha High Street. 380m2 footprint of massive strategic importance. It is the last great development opportunity in Dar El Bacha and will sell for just 9.5m dirhams (E889K £765K). There is nothing else like it in the Medina. Perfect location for a luxury hotel. Backs onto the Bulgari Riad. Neighbours include Dar Donab Palace Hotel. Serious investors only.
A+ location for this development opportunity. The Bulgari Riad is right next door.
New on the market and priced for a quick sale, this astonishing property belonged to the Caid of Essaouira. He imported the stone from the coastal town in the 18th Century to build his palace in the very best part of the Medina. A stone’s throw from the Royal Palace and right on the main Dar El Bacha street. The remaining patio is a stunning testimony to refined taste and great political influence.
The Essaouira stone arcades are truly remarkable
This Unique Investment Opportunity Marrakech Medina is a once in a lifetime chance for the serious investor to make a statement in Dar El Bacha. As a luxury hotel development, an upmarket restaurant, a luxury Spa … or as a private palace. There is no better address in Marrakech. The Marrakchi family that owns this Riad is selling for personal reasons. Don’t let this one get away.
This gorgeous property is ripe for development.
Don’t hesitate. Call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange an immediate viewing. It is your chance to acquire premium real estate in Marrakech Medina.
There are plenty of original features to conserve. This is the original entrance hall with it’s high ceilingA fabulous and strategically located property
Bosworth Property Marrakech gets you straight to the best properties in the Medina at local prices. We are your trusted Medina specialists. Owners trust us. Buyers recommend us. Our client focussed approach and customer care make us the number one Marrakech Medina real estate consultant.
Getting a mortgage to finance your Real Estate Investment in Morocco is remarkably accessible, whether you are a resident or not. The Government is making real efforts to open the Real Estate market to foreigners and one way they are doing this is by facilitating Mortgages, and finance more generally.
This article will focus on the market here in Marrakech where I live and work. However, the same basic rules and conditions apply throughout the Kingdom. Finance Real Estate Morocco.
As a non-resident, you might be considering the purchase of a holiday home or a buy to let property. You might also just be looking to get into the Marrakech Real Estate market as an investor. Now is definitely the time to buy as we are seeing the first upward price pressure in a decade http://www.prweb.com/releases/2017/02/prweb14072921.htm Whatever your motivation for financing your investment here in the Red City, this article will put you on the right track to a quick and easy mortgage.
Mortgages are even available on Riads To Renovate
Most commercial banks in Marrakech offer mortgages to non-resident foreigners. You can either go straight to a branch and discuss with the bank manager or you can go through a mortgage broker. Conditions are broadly similar across the big banks. I tend to recommend the BMCE Bank as they are very experienced in dealing with foreign investment. In any case, you will need to open a Convertible Dirham account with the bank you decide to work with. Here are the BMCE Bank conditions for non-resident mortgages: http://www.bmcebank.ma/front.aspx?SectionId=928 Other good banks providing mortgages in Marrakech include the CIH Bank in Bab Doukalla, the Banque Populaire and the Attijariwafa Bank. The French bank Credit Agricole also does a good package.
My experience shows me that there is a great deal of flexibility in these outlined conditions, notably concerning the amount to put down as a deposit. A non-resident client recently obtained a 70% mortgage on a Riad in Marrakech Medina, way above the stated 50% available in the conditions. Much will depend on your proven income in your country of residence.
It is also noteworthy that banks will only lend against titled property – that is a property that is registered with the Land Registry (Conservation Fonciere). Also, if you are looking to renovate a property with the finance obtained, the amount lent will depend on the current value of the property and not it’s finished worth.
If you want to shop around for the best conditions, it could be wise to go through a local mortgage broker. CAFPI Maroc are experienced and successful brokers in Marrakech. Ask for Mr Saad Chraibi and mention Bosworth Property to get prompt and efficient service.
Now is the time to buy in this thriving tourist destination. Sunshine and exoticism in a stable beautiful country just 3 hours from London.
If you are a resident here in Morocco mortgage conditions are also very accessible. Once again, just drop into your bank and ask the branch director. Or go through a registered broker.
Interest rates on mortgages are coming down, though still relatively expensive compared to Europe. The BMCE is currently offering 4.5% pa, Banque Populaire is probably the cheapest at around 4.1% pa. The Government has promised to align Moroccan interest rates with those in Europe by 2025, so it might be prudent not to fix your rate for too long a period. Go with flexi rates if you can.
Mortgages are typically accorded for between 5 and 25 years. There is an upper age limit of 70 years on repayment, however. Obtaining your cash for your property purchase through a mortgage will typically take between 1 and 3 months. So plan ahead. If you have your eye on a property, get a promise of sale signed and then get to work on your finance.
To resume, getting a mortgage in Morocco is a relatively simple affair. All the big banks offer packages to non-resident foreigners for the purchase of titled property. Deposits are generally between 30 and 50%. Interest rates are in the mid 4% range. The whole process can take between 1 and 3 months, depending on your bank or broker.
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This Riad For Sale Marrakech Perfect Location is exclusive to Bosworth Property! 128m2 titled footprint in Riad Zitoune Lkhdim right by the iconic Jemaa El Fna square. Riad to renovate. New on the market at only 1.5m dirhams (E139k £119k). Great business opportunity!
Columns in the patio courtyard
Located less than 300 yards from Jemaa El Fna, in one of the absolute best quarters of Marrakech Medina, this old Riad For Sale Marrakech Perfect Location couldn’t be better situated. The house was built circa 1780 and will probably have to come down. Some of the old brick walls could be restored and some of the wrought iron features and old doors could be recovered.
The current terrace
Interestingly, there is the possibility to build a ground floor and two additional stories, given that the neighbours have built up around this Riad. Adjacent properties are mostly traditional hotels and boutique guesthouses in this much sought after location. After renovation this Riad could become a five or even six en suite property with a generous patio courtyard and panoramic terraces. It would offer at least 300m2 of living space!
Existing external windows are a positive planning element for a renovation
You could estimate the cost of getting this Riad up to spec and qualified as a Guesthouse at a further 1.25m dirhams – so for just 2.75m dirhams you could have a fabulous Riad boutique hotel in the perfect location. That is excellent business. Bosworth Property Marrakech gets you straight to the hottest properties in the Medina. Our ever expanding local network means that we can offer you amazing Riads at rock bottom prices. Don’t let this opportunity pass you by!
Fantastic Business Opportunity Marrakech Medina
Call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing. This Riad For Sale Marrakech Perfect Location is priced to sell. And remember to click on the banner below to get your free guide to investing in this fabulous location. Thank you!
This lovely Riad For Sale in Marrakech Medina is a fabulous rental opportunity. 145m2 titled footprint. Car access to within yards of the front door. 3 en suite bedrooms. Big pool with jacuzzi. Lovely sunlit terrace. Modern, equipped kitchen. Close to the golf courses whilst having all the charm of the old City. It could be yours for just 1.75m dirhams (E163k £141k). Brilliant business.
The entrance hall leads you into the very cool patio courtyard where you will find the pool and a Bhou summer seating area. Around the patio are set a very nice little dining room and a sitting room with it’s working fireplace. There is even a little sauna fitted at one end of the sitting room. There is also a big, modern kitchen.
A bright and modern kitchen
On the first floor, this Riad For Sale in Marrakech Medina boasts three en suite bedrooms and a washing room. All the rooms are comfortable and well appointed. There is air conditioning in all the bedrooms.
The bedrooms are comfortable and well equipped
The sun-drenched terrace boasts an electric roof, providing shade in the Summer and warmth on those chilly Winter evenings. There are great areas for getting that sun tan. There is also a pergola for relaxing with an evening drink.
Charming terrace with a view over the Palm Grove
So call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing of this Riad For Sale in Marrakech Medina.
Some great design features in this RiadA thoroughly successful renovation with quality everywhere
And remember to click on the link just below to get your copy of my Free Guide to Investing in Marrakech. It’s packed full of useful information on buying property in this fabulous location. Thank you!
This Astonishing Ancient Riad For Sale Marrakech is a part of the architectural heritage of this great city. It is a rambling building with some stunning original features, including a very rare Reception Salon and a gorgeous master suite. It’s in the highly sought after Ksour district, just a stones throw from the main square – Jemaa El Fna. It could be yours for the ridiculously low price of just 5.5m dirhams (E515k £450k). Don’t let this one get away!
The beautiful Reception Salon – very rare to find
The Riad has two patio courtyards and a little pool. The main entrance winds it’s way to the principle courtyard. Set around the courtyard with it’s original Khoka doors you will find a beautiful bureau, a big kitchen, a visitors loo and a lovely traversant double salon. Going through the double salon you arrive in the smaller second courtyard with a little pool. A second entrance to the Riad is found behind this patio. There is also a little ground floor en suite bedroom.
The views from the sun-drenched multi-levelled terrace are truly iconic. The Kotoubia Mosque and the Atlas Mountains
On the first floor of this Ancient Riad For Sale Marrakech, accessed by two staircases, you will find the wonderful Reception Salon, the incredible Master Suite (a part of which you can see in the main photo at the top of this piece) and two further en suite bedrooms. One of these is a duplex.
Rare and beautiful detailing in this cedar wood cupola in the Master Suite
The terrace is on three levels with panoramic views over the Kotoubia, the Medina rooftops and the High Atlas Mountains. There’s a lovely cupola for breakfasts.
Original Khoka doors in the somewhat overgrown main patio courtyard
There are noble materials everywhere you look – historical Zellige tiling, marble, tadelakt chalk plaster, hand painted cedar wood ceilings and cupolas, beautiful old doors, original hand carved plasterwork … The Ancient Riad For Sale Marrakech needs a little work, although it’s perfectly fine to live in right away. The courtyards need a tidy up and some of the paintwork could do with a refresh. At the asking price, this is a real beauty.
One of the bathrooms
So call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing. And remember to click on the link just below here to obtain your copy of my Free Guide to Investing in Marrakech. Thank you!
