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PALM BEACH RESORT-MOROCCO
1 Bed, 2 Bed, 3 Bed Apartments with Private Gardens
1 Bed Corner Apartments and Penthouses
2 Bed Penthouses
3 Bed End Apartments and Penthouses
Palm Beach Resort will feature all of the following on-site facilities:
* Swimming pools
* Landscaped gardens
* On-site cafe/bar and mini-market
* Gated community with 24 hour security
* Rental and Management office
* Gymnasium
* Water Sports Centre with Jet Ski, Kayak and Pedalo Hire
Right on the Atlantic Coast, 30 minutes from Tangiers, 15 minutes from the airport of Tangiers and only 3 minutes from the town of Assilah.
Assilah is an old coastal Moroccan city through which Phoenicians, Romans, Idrisies, Normandy pirates, Merinies, Portuguese and Spanish have all passed through. It is well known because of its artistic and cultural festival which in 2003 celebrated its 25th Edition.
The project Palm Beach is composed of three parts according to various zones which the plot is composed by
1 Residence in R+5 in the zone T4
1 set of residences in R+3 and R+2 in the zone T2
The Liveliness Zone on the beach: Swimming pools, restaurants and a cafeteria.
The development consists of 652 apartments and penthouses with beach views accompanied by a mini market, security office, rental office, restaurants and bar on the beach.
The completion date of this project is 24 months, the construction will be carried out exclusively by the best Moroccan Development Company.
The plot 10 hectares or 26 acres in size.
Palm Beach Resort will compose of :
Properties with 1, 2 or 3 bedrooms. Penthouse with 1, 2 or 3 bedrooms with solariums ranging from 45 to 90 SqM.
Apartments with 1, 2 or 3 bedrooms from 50 to 100 SqM on the ground floor with private gardens.
Apartments with 2 bedrooms will have terraces from 18.5 to 26 SqM
Description:
Properties:
* Structure built of reinforced concrete
* Proper insulation between the exterior and interior walls
* Flooring of ceramic tile of the finest quality
* Bathroom fittings of the finest quality
* Windows in lacquered aluminium
* Entry door in metal with security locks
* Doors and front panels of wood cabinets with varnished finish
* Furnished Kitchen
* Installed Telephone system and TV in the living room and main bedroom
Common Areas:
* Gated community with 25hr security
* Social club with restaurant, bar and pool
* Office for resales of properties, rentals and property maintenance
* Beach club with restaurant, coffee and piano bar, 2 pools
* Exterior parking space for each owner
* Community Gardens
* Centre for water sports: Jet Ski, Kayak and Wind Surfing
* Golfers will be pleased to know that the 18 hole par 70 Tangier Golf Course is being built next to the site, expect to pay around €15 a round.
INVESTMENT
Morocco is a kingdom and his Royal 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.
Purchasers at the Palm Beach Resort with its ocean front location and diversity of on-site leisure facilities plus its proximity to the Airport and a charming Moroccan town will benefit considerably in terms of escalating property prices as the tourist boom filters through the economy.
A Mediterranean type climate and lifestyle, less than 3 hours flying time from the UK and with property prices a fraction of those in nearby Spain - 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 often reach 100 euro's per night.
An on-site rental and management office will offer a complete range of services.
The Moroccan government is keen to encourage foreign property owners and offer the following incentives to UK purchasers.
* No rental tax for the 1st 5 years of ownership
* No capital gains tax if the profit is below €40,000 - 20% thereafter.
* After 10 years ownership capital gains tax is nil.
* No inheritance tax if property passes to a family member
* Full repatriation of funds to the UK if a property is sold
Exclusive Exchange Bond Programme:
* 20% Deposit
* 20% Financed over 12 months Interest Free
* 60% Low Interest Mortgage
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