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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 Asilah
From 104,065 €
Apartment in Asilah
From 135,399 €
Apartment in City centre
From 155,000 €
Penthouse in Asilah, Morocco
Property Specification
Type: Penthouse
Build: 87
Reference: SRM0043P
Location: Asilah
Bedrooms: 2
Bathrooms: 2
Price: 130,660 € Euros
Price: 103,718 Pounds (GBP) *
*Rate = Euros to the Pound.
Last updated: - data supplied by HIFX.
Additional Features:
Description
From the bustling port of Tangier with it's airport and ferry connections, we head south along the
beautiful Atlantic coast.
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, the Asilah Marina Golf site.
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 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 Asilah Marina Golf 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.
Payment example
2 BED Penthouse - €130,660 €
To reserve your apartment you will need to Pay a HOLDING DEPOSIT of € 3,600
2 weeks later you will need to pay the following:
Agency Fees € 4,640
The remaining balance of the 40% Deposit € 48,664
Upon Completion of the property:
The remaining balance of 60% by low interest Mortgage: € 78,396
THE MORTGAGE
A mortgage of 60% has already been agreed by a leading local Bank. Proof of income is required. e.g.
A P60 if you are employed or last year’s Tax Return for self-employed persons.
(No Mortgage repayments necessary until the Title Deeds are signed and you take possession of your apartment).
EXTRAS TO PURCHASE PRICE
You will need to budget for Moroccan VAT (IVA) which is 14% of the purchase price, payable at the signing of the title deeds.
Miscellaneous 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 minimal in comparison to the property's price.
More Photos
Plans
The Development
One can arrive at Tangiers airport by direct flight from one of a number of airports or alternatively (and considerably cheaper) fly into Malaga or
Gibraltar and take the inexpensive ferry (around £40 return) from Algeciras or Tarifa to Tangiers.
A brand new motorway accesses Asilah from Tangiers in around 30 minutes – or take the longer and more scenic coastal route.
There are plenty of taxis to make the trip from Tangiers - or hire a car. There is also a bus and train service if required.
Royal Air Moroc will open it’s airspace to the budget airlines this year. The likes of Easyjet, Ryanair & Monarch are expected to charge little more than
for flights to Malaga.
Asilah is an elegant coastal town with a rich history and a population of around 20,000. First impressions are of the wonderful ramparts and turrets built
by the Portuguese in the 1500’s. There are wide avenues and a pretty palm-lined seafront boulevard, here can be found some of the towns best
restaurants – many operated by Spanish owners.
Casa Garcia, Casa Pepe and Al Kasabah are among the better known, all serve superb fish and shellfish dishes at a fraction of prices at home. There are
plenty of little cafes to choose from plus a discothèque at the Hotel al Khaima.
The Medina or old quarter has ancient but well kept blue and white houses. Little shops with friendly shopkeepers sell a variety of Moroccan
handicrafts. Every facility is available in Asilah including banks, chemists, church, numerous hotels with bars open to non-residents and a hospital.
The fishing port is a pleasant place for a stroll and there are plans for a yacht Marina. The Mayor of Asilah is also the Moroccan ambassador to the USA
and during the late 1970’s this forward thinking gentle man inaugurated an annual summer Arts Festival attended by musicians, painters, poets and
writers from all over the world.
The financial impact of both tourism and the Arts Festival has transformed Asilah and the town is now extremely clean and prosperous. Evidence of this
appeal are signs on houses in the Medina “This house not for sale”!!
• All amenities close by
• Amazing location!!
• Breathtaking views
• Cafe and Bar
• Large residents' pool
• 2 Salt Water Swimming Pools
• 4 Restaurants
• On Site Bank
• Health Centre
• Promenade
• Water sports
• Frontline Ocean Development
• 9 Hole Golf Course
• Water Park
• Moorish/Andalusian style Architecture
• Over 1 km of beautiful coast
Development Plans
UK Free Phone: 0800 10 77 808
Llamar al: 952 582 340
e-mail: enquiries@sirocoestates.com
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