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Real Central Tangiers is a luxurious new apart-hotel project in the heart of Tangiers. This project is being constructed and managed by one of the most respected developers in the area. Shortage of quality hotel space in Tangiers plus the influx of locals and expats to the city due to its massive expansion in infrastructures makes this one of the best city centre investments on offer.
The project offers the buyer an extremely attractive 10% NET guaranteed rental yield for three years (bank guaranteed) as well as allowing the owner use of the apartment for up to four weeks per annum. In addition, the first three years are exempt from tax on rental.
The development includes 72 one bedroom apartments on nine floors with various choices of design layout and size. The ground floor is dedicated exclusively for a residence concierge, a complete spa with indoor swimming pool, Jacuzzi, steam bath, sauna, gym as well as a trendy café style food and beverage service with covered terraces.
Luxury apart-hotel project in Central Tangiers
72 top quality one-bedroom apartments (no maintenance costs charged to owner)
Inc: Indoor pool, Jacuzzi, Steam bath, sauna, gym
Café and covered terraces in building
nb: Management company will be able to offer comprehensive furniture packs at approx 10.000€
A Great Property Investment
Owners have the use of a luxurious vacation home 4 weeks per annum in a premier location while they benefit from the expected substantial property price appreciation. This is in addition to the obvious advantages from annual rental revenue which clearly helps off-set any costs of ownership. The on-site management company takes care of all upkeep and maintenance as well as interaction with guests.
The development has excellent features and services that enhance the appeal to potential buyers as well as future renters. Services include reception, housekeeping and other facilities and amenities.
Unlike lease-back systems, owners of the apartments have the right to resell their apartment at any time and take the full profit from their capital appreciation.
Tangiers, the most progressive city in the region
Tangiers is a key city for investment in the Mediterranean region. A city that is developing one of the most impressive and modern ports in the world in addition to new conference facilities, infrastructure, and a pleasure port, Tangiers is most certainly a city on the move. However the city is chronically lacking in quality hotel space and this is what makes an aparthotel such a tempting property investment.
Strategically situated at the mouth of the Mediterranean at the gateway between Europe and Africa, Tangiers is a city currently being reborn. Massive government and private investment of over $8 billion is flowing into the city with strong political backing. As the Mohamed 6 seeks to position Morocco as a key tourist destination under the Plan Azur, Tangiers has been recognised as a key factor in achieving this goal.
A new state of the art pleasure port is being built at a cost of $2 billion and will create 100,000 jobs. New motorways serving the city are also being constructed in addition to a new high speed train link to Marrakech and Casablanca.
The imminent arrival of low cost airlines to Tangier is also estimated to boost property prices by around 30%. Buying in advance of the low cost airlines is a successful overseas property investment strategy that we have seen work time and time again, so get ahead of the competition and reserve your Tangier property now.
Payment schedule
> Reservation Deposit – 3000 Euros (£2300)
> Pre contract signing – 25% minus reservation deposit
> 8 months later – 25%
> 14 months later – 25%
> Title deeds and key delivery (completion) – 25%
*Prices and availability is correct as of time of writing but can be subject to change without notice. Properties are priced in Moroccan Dirham and currency equivalents quoted are correct as of time of writing and are subject to market fluctuations.
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