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Discount Moroccan Apartment - Flat Available To Buy - Ref 577697

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Apartment/Flat Description


Ideally situated only 7 minute walk from the beach and marina, and in the centre of the main shopping area of Tangier, everything you could wish for is at your disposal with Tangier Boulevard. Only £6000 down is required to reserve your luxury apartment!!

This is a unique opportunity to invest in a city/beach lifestyle resort in Tangier. The development consists of a range of specifically designed apartments and penthouses for high life style living, achieving high quality finishes whilst still keeping in with the Moroccan theme.


This quality development is ideally situated within walking distance to the new super marina replacing the old port of Tangier. The marina is designed to compete with the likes of Porto Banus, Marbella, with yachts and cruise liners visiting. The marina will consist of local and boutique shops, bars and restaurants that will be accessible at your leisure. ?Construction has already commenced on the project and the Developer has contracted to deliver the project as a single phase on completion. The completion date for the project is June 2010. If the completion is delayed the Developer has agreed to pay penalties direct to the purchasers. Tangier Boulevard is built over 8,000 square metres of commercial facilities, including a range of high end designer shops and boutiques, bistros, cafes and bars serving the local Moroccan delicacies. There is a pool for residents to enjoy a swim in the heat of the Northern Morocco sun. All properties are designed keeping in mind the stunning sea and beach views for anyone staying at this resort whether for business or pleasure.


Payment Terms:

£3,000 reservation deposit
20% on signing of contracts
10% within the first year
70% on completion. (June 2010)


Mortgages:

70% loan to value mortgages available with WAFA bank with rates of 5%-6% subject to status.


Prices:

1 beds from 892,000 MAD (approx £54,390)
2 beds from 1,221,000 MAD (approx £74,451)
3 beds from 1,463,000 MAD (approx £89,207)

To give an example, a well placed 2 bed apartment with a sea/marina view will be around £85K

There are also parking spaces available at around £4,300.

* Inspection trips available upon request

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€65,036  |  £54,390  |  US$85,777
(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 577697 
Town Tangier 
Region Tanger-Assilah 
Province Region De Tanger-tetouan 
Country Morocco  
Type Apartment/Flat
Bathrooms
Bedrooms
Build Size 8000 
Category Off plan 
Listed over 1 year ago
Looking at property as an investment? ...   Find out more >>

Property Characteristics

  • Pool:  on site
  • Parking:  on site
  • Distance to Beach:  7 min walk
  • Distance to Shops:  on site

Map of Tangier, Region de Tanger-Tetouan, Morocco


Towns located close to Tangier, Morocco

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Price: £54,390

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Purchase this Apartment/Flat in Tangier for

MAD1,740p/m

(70% LTV, 7% Interest Rate, 25 years)

(Subject to status. Information given for guidance purposes only.)

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Price of Property in Tangier, Morocco

Property Type Min Price Max Price Median Price
(All prices in EUR) Tangier Morocco Tangier Morocco Tangier Morocco
Apartment/Flat 84,950 41,000 1,775,777 1,775,777 110,862 152,435
House/Villa 80,000 75,000 2,700,000 4,200,000 804,400 1,540,000
Other 35,000 9,250 2,700,000 4,200,000 230,963 554,309

* Calculations based on 72 properties for sale in Tangier and 680 properties for sale in Morocco




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