Maha Beach
Buy to let investment with a 9% to 18% yield..
This stunning luxury investment opportunity consists of 160 2-bedroom apartment suites in a luxury boutique spa 4 star resort near Tétouan, Morocco, on the Mediterranean coast.
Prices from €154,800 - €300,000. It is completing in less than a year: December 2010.
Reasons to Invest in this Unrivalled Investment
- Buy to let investment with forecasted high yields and 3% to 10% net profit p.a.
- Over 25% below market value, ensuring strong growth potential for investors
- Capital growth over the medium to long term.
- Government investment in growing tourism and economic infrastructure.
- Morocco is multi-cultured, exotic, beautiful, and varied (sea to desert).
- A wide range of luxury facilities including a concierge service, and a 4 star hotel spa resort which is in an ideal location, ensuring high occupancy and premium rates.
- This is a completely 'hands off', hassle free investment as the hotel operator will manage the resort, your property, and get tenants for you.
Completion December 2010
The resort is near Tangier International Airport.
The Development
This resort is situated in Cabo Negro, which is famed for its pristine golden sandy beaches, and close to the historic city of Tétouan, perched in the hills overlooking the resort.
King Mohamed of Morocco holidays in Tetouan as well as many wealthy Moroccans. It is anticipated that the majority of the resort guests will be Moroccan.
There is only one three star hotel in Tetouan, the Ibis. Thus, there is clearly a demand for a luxury hotel and resort.
The resort is located next to the Royal Cabo Negro Golf Course - Northern Morocco's most prestigious course - with great fairways and views of the Mediterranean and the Rif Mountains.
A short drive away is the fashionable marina at Marina Smir, which offers the same first class facilities as can be found across the Mediterranean in on the Costa del Sol.
The resort will have a rental management programme through the hotel operator of on-site 4 star boutique Spa hotel.
Amenities include:
- Luxury spa and health suite
- Yacht club and marina
- Conference centre
- Swimming pools
- Full concierge service
- Restaurants with authentic Moroccan cuisine and bars
- Commercial centre with a selection of boutiques and shops
- Easy access of the sandy beaches of Cabro Negro
- Less than 100 metres from the reknowned Royal Cabo Negro Golf Course
The resort has been designed with space in mind with low density construction and extensive landscaped green spaces and communal gardens and features 3 large community swimming pools.
Apartment suites are spread over 10 blocks, each consisting of 16 individually designed 2-bedroom self catering suites, constructed with Moorish influences and in fitting with the natural environment and local architecture. The terrace areas will be magnificently enclosed with wooden pergolas and the natural tile roof areas blend in with the surrounding Moorish architecture. The apartment suites are constructed to a high standard using quality materials, and finishes include air conditioning, fully fitted kitchens with white goods, and granite work surfaces. The interior of the apartments will be finished in first class tiling, with varnished wood interior and exterior doors.
Why Invest in Morocco?
- Unspoilt white beaches - over 3000 kilometres of coast in Morocco
- Excellent climate
- First class developments built to European standards
- Recent stagnation and decline in traditional markets
- Exotic culture and exquisite cuisine
- Market benefiting from sustainable medium to long-term growth
- Variety of nationalities, not reliant on one economy
- Growing tourism
- Easy access from Europe
- Political stability and the Moroccan government's commitment to a liberal regime
- Massive investment in infrastructure and tourism
- Prices still far below UK and Northern Europe
- 'Plan Azur' focused on growing levels of tourism in Morocco
- Excellent capital growth
