Luxury Marrakech Riad 1
- Reference: MR550001
- Price £470,000 • €550,000
- Established, reputable B&B for sale
- 5 en-suite bedrooms
- Surface area: 164 m²
- Patio: 50 m²
- Parking: 150 m
- Very high specification, fixtures and fittings
- Air conditioning
- Viewing recommended
Interested? Contact us for further details
Located in the lovely quarter of Ben Slimane, this traditional riad has been renovated to a luxury standard and with 5 bedrooms and is being run very successfully as a guesthouse. It is connected for Internet and satellite TV. Includes reception room, large patio with fountain, lovely bhou with fountain, several living rooms with fireplace, 5 en suite bedrooms (1 master suite), a fully fitted kitchen, Hammam room, large roof terrace with lounge, solarium and shower.
1) Investment opportunity with great return - income-earning property.
2) Immediate cash flow.
3) Double-digit returns.
4) Established B&B, 5 bedrooms, located in the heart of Marrakech's medina (old city) - declared a UNESCO World Heritage Site.
5) Buyers just take over the overall supervision of riad operations with trained staff and reservations agent in place doing the day-to-day operations.
6) Trained staff include manager, night manager, cleaner and cook - and our reservations agent is based in France. The manager and night manager are English-speaking (as well as French).
7) Already established on several good websites and guides.
8) Full, clear registered title.
9) All necessary permits obtained.
10) Ongoing maintenance costs very low.
11) Buyers can establish a new company and take advantage of tax breaks offered by the Moroccan government for a period of 5 years.
12) No need to live in Marrakech - current owners operate from overseas using internet, e-mail and telephone. You can be anywhere to run the business as long as you have internet access. 99% of bookings are made via the internet.
13) Great gross and net return on investment, proven double-digit returns gross and net on investment of 550,000 euros (£500,000).
14) Occupancy rate between 70 and 80%.
15) Price negotiable.
16) Price includes most furnishings.
17) Current owners English-speaking.
18) Reason for sale - owners wish to retire.
19) Beautifully restored property - quality renovation work - combining wonderful Moroccan handiwork and modern conveniences to make an interesting and comfortable stay for tourists wanting to see the real Morocco.
20) Marrakech is a year-round destination with great climate.
21) Marrakech is constantly developing and offering more sophistication every year with lots of new boutiques, restaurants and spas opening that offer great value for money and wonderful experiences - a mix of the exotic and the familiar for tourists.
