paradise golf and beach aparthotel
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Details for paradise golf and beach aparthotel
Country: Morocco properties, Region: Northern Morocco
Location: Tangier - Asilah (Location Map)Type: Apartment Hotel,Apartments, Beds: 1 Baths: 1
Status: Off-plan
Progress: Selling quickly
Mortgages available: 50% approx
Price from: (14% VAT included in price)
Full description
IN-BUILT RENTAL PACKAGE
An in-house Management Company will deal with all aspects of running the hotel; marketing, collaborating with travel agencies and general hotel management. The Management Company will use the suites to accommodate guests of the hotel whilst unoccupied by the owner, thus generating income.
50% of the income from the rental of the suite will be paid to the owner annually. See ‘Estimated Rental Income” below. A guaranteed minimal income of 5% of the purchase price for the first 3 years is on offer with the rental package, however it is expected that the income will be over 3 times this.
The rental package sets aside 52 days a year for personal use (excluding 15th July-30th August), however this will be negotiable allowing purchasers freedom to use their property for rental income or personal use, according to individual requirements. Any change to the 52 days allotted for personal use, will in turn of course affect rental income.
The suites will be booked on a rotary system, excluding desired times for the owner’s stay, ensuring a fair distribution of income. This is a low maintenance investment with high anticipated returns.
The properties are leaseholds, 99 year renewable, free to renew, re-sellable and inheritable. In addition to the annual income, owners will benefit from capital appreciation. The value of the suites is certain to increase in line with the year on year significant growth in tourism.
This investment ticks all the right boxes:-
- Bargain price
- Impressive returns
- Capital appreciation
- High demand
- Low maintenance
- Little competition
- Personal use
ESTIMATED RENTAL INCOME:
Government figures show that Hotels in Tangiers have an impressive 60% rental occupancy level and demand is increasing significantly each year. Similar hotel room rates are between 70 €/£50 and 115 €/£80 per night. The following estimate is based on this information:-
60% occupancy
50% of income
Annual community fees
ANNUAL PROFIT
219 days
7.665€
-900€
6.765€
219 days
£5,913
-£692
£5,221
*This example is based on a conservative room rate of just 70 €/£54, rates are likely to be up to 115 €/£88 bringing the annual profit to 11.693 € / £8,995.
TOURISMS’ SLEEPING GIANT
Already becoming known as the ‘Golden Mile’ the stretch of Atlantic coastline between Tangier and Asilah is set to become the jewel in the crown of Moroccan tourism and an investors dream.
Within the surrounding area of the Paradise Golf and Beach Resort a number of world class complexes are at the planning stage. Further Golf Courses, Marinas, Hotels, restaurants and residential developments will enhance this fabulous location and add to the attraction of the area. Of further importance and essential to bring the region to prominence in terms of tourism and investment is the proximity of the airport of Tangier.
The “Freedom of the Sky’s” agreement will offer up Moroccan airspace to the budget airlines. Ryan Air, Easy Jet and Monach are all expected to provide low-cost flights to Tangier from many major airports.
Development Features
- Fantastic on-site facilities
- 18 hole Golf Course
- Close to virgin beaches
- Sea views from many suites
- Guaranteed rental income
- High rental demand
- State of the art gymnasium & fitness centre
- Selection of international bars/cafes
- Deluxe French restaurant
- Commercial centre with shops/boutiques/craft centre/supermarket
- In-house management office. Maid & chauffeur service available
- Beach bars and water sports centre with jet ski, kayak and pedalo hire
- Year round rentals - summer tourism & winter golfers
- 15 minutes from Tangier airport, 10 minutes to the popular town of Asilah
- Communal swimming pool
Properties Specifications
EXTERIOR AND LEISURE:
Gated complex with24 hour security
Garden areas and swimming pool.
Walkways and parking areas.
Commercial areas with cafés, bars, restaurants, supermarket, gymnasium and management office.
Beach bar and water sports hire centre.
Luxury hotel facilities.
18 hole Golf Course.
FOUNDATIONS AND STRUCTURE:
All building with reinforced concrete.
FLOORING AND TILING:
Top quality ceramic floors.
Non-slip tiles to bathroom floors.
TERRACES:
Exterior terraces will have rustic style tiling.
INTERIOR:
All walls plastered and finished with plastic paint.
WINDOWS AND DOORS:
Windows will be in lacquered aluminium.
Security type entrance door with multi-locks.
PLUMBING AND SANITARY WARE:
Top quality sanitary ware.
All plumbing to current regulations.
ELECTRICAL:
Full installation to current regulations.
TV and telephone point.
Air-conditioning.
INTERIOR CARPENTRY:
Wardrobes fitted as per layout plans.
Interior doors and wardrobes in varnished timber.
FURNITURE:
Suites fully furnished
Example Payment: Hotel suite (Golf or pool view) - 43,000 € (£33,076 @ 1.3 €/£)
To reserve your suite you will need to pay a FULLY REFUNDABLE holding deposit of 3.500 € (£2,692). Plus a FULLY REFUNDABLE Handling Charge of 650 € (£500)
30 days later you will need to pay the following:
Balance of deposit 50% approx
Remaining balance by low interest mortgage 50% approx
approx 18.000 € (£13,846)
on completion 21.500 € (£16,538)
All prices are in euros. The sterling price is a guide only and may fluctuate with the exchange rate.
Sea view suites 47,300 € (£36,385) 50% deposit plus agency fees, 50% on completion.
Master suites 80,000 € (£61,538) 50% deposit plus agency fees, 50% on completion.
FULLY REFUNDABLE DEPOSITS: For a limited period we are offering the opportunity to reserve a hotel suite with a fully refundable deposit. Once you have viewed, if you are not absolutely delighted with your selection, you may switch your reservation to an alternative property, or request a refund - in which case THE DEPOSIT YOU HAVE PAID WILL BE REFUNDED IN FULL – YOU CAN’T LOSE!
The Mortgage:An mortgage will be available - subject to status. Proof of income will be required. e.g. A P60 if you are employed or last year’s Tax Return for self-employed persons.
Extra to purchase price:You will need to budget for an extra 6% in addition to the purchase price to cover Notarial, Property Registration fees and bank charges for arranging the mortgage.
LegalitiesWe will offer all clients the services of our panel of bilingual lawyers in Morocco who will assist with the completion of the purchase. Services available will include translation of the final purchase contract and accepting Power of Attorney from clients who do not wish to be present in Morocco on completion. The lawyers are specialists in conveyancing of overseas property. Please note that there is no charge for legal services as provided by recommended lawyers. All legal fees are included in the Agency Fees.
Contact Details
Additional Information
The above technical description has been composed by the developer and the architect with the maximum care. Nevertheless there might be small changes to materials which should not affect the quality of the building. The developer reserves the right to change materials when not available or due to legal regulations. The appearance of the suites, must at all times be maintained in a good state of repair and consistent with the specified standards of the hotel.
This document has no contractual value. Prices are subject to exchange rate fluctuations and prices may be increased without notice.
Due to currency (exchange rate) changes prices might differ slightly. The EURO (€) prices is the correct price for this development and other currencies should be seen as an indication only. Every effort is taken in providing accurate and up to date prices on a daily basis.
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