1 Bed Apartment in Fez, Morocco

Property reference

Sunset Apartments - 1 Bed

Property particulars

Prices from
EUR 38,347

Bedrooms:	1	Tenure:	Freehold
Bathrooms:	1	Property age:	Off Plan/ under construction

Property description

Sunset Apartments are located just outside the City and have stunning views of the medina and Zalagh Mountains, whilst across the boulevard is a sumptuous Sheiks Palace.

This gated development comprises 84 one, two and three bedroom apartments, distributed between four low rise blocks. The ground floor apartments have private gardens, whilst the penthouses have roof top terraces.

There are two communal swimming pools and for golf lovers the Royal Fez Golf Course is only 15 minutes away, another Golf Course is being developed in the centre of the City along with a water park and other tourist attractions. During the short winter period, skiing is available in the Michlifen Mountains only an hour away.

Fez International Airport is a pleasant 15 minutes drive from the development and regular, affordable flights are now available from UK airports.

Last year in Fez prices rose by as much as 40 %. Property prices in Fez are still at rock bottom compared to the other major cities in Morocco and should make an ideal investment.

Features:
Stunning views
Two Swimming pools
Private gardens - Ground floor apartments
Roof top terraces - Penthouses
Granite worktops & quality tiles
Quality floor tiles throughout
Gated Community
Close to Golf Course
Freehold
Rental Income
Mortgages available - Subject to Status

COMPLETION DATE: July 2008

Prices:
1 Bed Apartments from �38,347
2 Bed Apartments from �45,777
3 Bed Apartments from �60,224

Payment Plan:
Reservation Fee �2,000 Refundable within seven days
1st Installment 30% On signing Contract
Final Installment 70% On Completion

Mortgages are available - Subject to status

Annual charges: Between �400 & �500 p.a. - Depending on size of apartment

Morocco offers major benefits from a financial standpoint which makes it a highly attractive prospect for purchasers:
Property market booming - average rises of 15% per year achievable
Rental occupancy reaching 85% most years
Low property taxes
Safe Investment - Notary supervised property registration similar to France/Spain
Full repatriation of funds should you re-sell in the future
Only 20% on any capital gains
New tax benefits expected to be announced soon

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