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We have a selection of 'HOT' Properties for sale in Morocco and Spain which can be great value for holiday lettings or investments.
Apartment in City centre
From 155,000 €
Apartment in Asilah
From 104,065 €
Apartment in City centre
From 150,000 €
Apartment in Asilah Tangiers, Morocco
Property Specification
Type: Apartment
Build: 50
Reference: SMR028A
Location: Asilah Tangiers
Bedrooms: 1
Bathrooms: 1
Price: 84,257 € Euros
Price: 66,883 Pounds (GBP) *
*Rate = Euros to the Pound.
Last updated: - data supplied by HIFX.
Additional Features:
Description
Little more than 30 minutes drive brings us to the Spanish/Moroccan town of Asilah - quaint yet lively with its medina and many restaurants.
Just outside Asilah, we reach our destination.
Morocco is a kingdom and his Highness King Mohamed VI has indicated that one of the principal
economic sectors he wishes to promote in Morocco is tourism. His aim is to have 10 million tourists
annually visit Morocco by 2010. This ambitious project which includes hotel and road construction,
improvement of infrastructure etc. will inevitably have a significant effect on property prices in prime tourist areas.
A Mediterranean type climate and lifestyle, less than 3 hours flying time and with property prices a fraction of those in nearby Spain (just 9 miles away) – it’s difficult to see how those with investment in mind can go wrong here!!
Those looking for rental income won’t be disappointed. High season rates in Northern Morocco often reach £100 per night.
The Development will consist of :
○ Numerous swimming pools
○ Beach Bars
○ Landscaped tropical gardens
○ Commercial centre with shops//boutiques//craft centre//supermarket
○ Luxury hotel with all facilities open to non residents
○ Rental and management office.. Maid & chauffeur service available
○ State of the art gymnasium & fitness centre
○ Free coach service to and from Asilah town and Tangier
○ Gated community with 24 hour security
○ Selection of international bars and cafes. Deluxe French restaurant
○ Water sports centre with jet ski, Kayak and pedalo hire
The Moroccan government is keen to encourage foreign property owners and offer the following
incentives to purchasers.
• No rental tax for the 1st 5 years of onership
• No capital gains tax if the profit is below £40,000 - 20% there after.
• After 10 years ownership capital gains tax is nil.
• No inheritance tax if property passes to a family member
• Full repatriation of funds if a property is sold.
Only 15 minutes from Paradise Golf resort is the Club Tanger de Tiro - a world class country club whose facilities are open to non-members. There are 3 restaurants serving both international and Moroccan cuisine plus a café bar. On a 50 acre site the Country Club has a tennis centre, mini-football pitch and kiddies play area. Also available is clay pigeon shooting and soon to be 18 hole Golf Course.
All properties are sold in Dirhams. The euro price is a guide only.
EXTRAS TO PURCHASE PRICE
Completion costs will also apply such as Notary charges, land registry charges, stamp duty etc. These costs will be summarised by the notary when the property completes and are usually around 5% the property's price.
The developer has now sold out and Siroco Estates have one of the largest selections of resales currently available. Please contact a member of staff for more details.
More Photos
Plans
The Development
an 18 hole golf course will be incorparated in the development
The apartments & villas will be constructed on gently sloping land - thus giving most properties at
PARADISE BEACH & GOLF RESORT views to the sea.
The site is in an area of great natural beauty and borders the Foret Diplomatique. A stroll around
the Golf Course accesses a virgin beach of golden sands.
Just 15 minutes drive from Tangiers and the airport in one direction and 15 minutes or so in the
opposite direction to the pretty fishing village of Asilah.
The PARADISE BEACH & GOLF RESORT will feature :-
○ Swimming pools & Beach bar
○ Landscaped gardens
○ On-site café/bar and mini-market
○ Gated community with 24 hour security
○ Rental and Management office
○ Gymnasium
○ Free bus service to and from Asilah town & Tangiers
○ Water Sports Centre with Jet ski, Kayak and Pedalo hire
EXAMPLE OF PAYMENT
All properties are sold in Dirhams. The euro price is a guide only.
THE CONSTRUCTION COMPANY
Caisse de Depot et de Gestion (CDG) is a wholly owned subsidiary of the Moroccan Government.
Amongst their other responsibilities CDG invests Morocco’s pension funds and is one of the country’s
leading institutional investors.
Last year alone the construction arm of CDG completed 50,000 individual dwellings.
Current flagship projects include:
1 $12 billion series of real estate agreements with Dubai International Properties
2 $2 Billion AMWAJ project already in progress in Rabat
3 $600 million Dubai Towers in Casablanca
With its vast experience and workforce of almost 3000 CDG is ideally placed to bring the Paradise Golf
& Beach Resort to fruition.
Construction work on the site is due to start late summer 2006.
A GOVERNMENT BACKED PROJECT
The Moroccan Government’s vision of major increases in both tourism and foreign investment over the next
four years is being partly achieved by zoning large tracts of (mainly beachfront) government owned land
for touristic construction.
With building consent already given, fast tracking of licences and financial incentives for developers,
Paradise Golf & Beach Resort will be one of the largest of such government backed projects in Northern
THE BANK
Groupe Banque Poopulaire is one of the leading banking groups in Morocco. They will provide much of
the finance for the Paradise Golf & Beach Resort.
In addition they will also make all payments for construction and development of the project. Using the
“Certification System” payments will only be made once the banks own technical experts and architects
have visited the site to ensure that all work has been carried out according to specification.
Groupe Banque Populaire will also provide mortgages to purchasers at Paradise Golf & Beach Resort
where required. These, of course, will be subject to status.
Groupe Banque Populaire offer the full range of banking services including: cash points, credit cards, insurance,
direct debits, internet banking, etc.
A new Branch of the bank will be opened at Paradise Golf & Beach Resort with English speaking staff.
Resales
The developer has now sold out on the paradise golf and Beach resort, Siroco Estates has one of the largest selections of resales currently available.
Development Plans
UK Free Phone: 0800 10 77 808
Llamar al: 952 582 340
e-mail: enquiries@sirocoestates.com
This document has no contractual value
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For reference use only, for more information call +34 952 582 340
UK Free Phone: 0800 10 77 808