Budget Moroccan House / Home Available To Buy - Ref 590926
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House/Villa Description
Type: 1 bedroom Apartment, Studio
Cabo Dreams
Golf or Beach, The choice is yours at Cabo Dreams !
1 bed aparthotel units are available in this section of the development. The incredible price of these units ensures a superb investment opportunity.
With the strong rental market, owners in the region have reported rental occupancy of over 95% in the summer months.
Off-season these apartments are the ideal owner's weekend getaway, or indeed for a golf weekend in sunny Morocco.
The development occupies a strategic location in an elevated position, offering incredible and truly panoramic views of the Mediterranean, Cabo Negro Golf Course, the Rif Mountains (snow-capped in the winter) and the magnificent Tetouan river valley. Above and behind the development is a large area of national parkland, on which further building is not permitted.
CABO DREAM is accessible via the sleepy Cabo Negro boulevard, running past the lower part of the project.
Immediately in front of the development, La Ferma Equestrian centre offers a bar (open all year round), restaurant, hotel and superb horse riding facilities, including beach treks and even midnight treks!
The Meridiana Restaurant is a short stroll away, arguably serving the best food for miles around. The adjoining pub is also popular. A Pizzeria and French Restaurant are within walking distance, whilst the nearby Mirador Golf development offers 2 bars, restaurant and a supermarket.
Shops, banks, medical facilities, newsagents and all amenities are available in the town of Mâ??Diq â?? 5 minutes drive from the development.
The development itself will comprise low-density, low-rise apartments (4 storey) set in lush tropical gardens.
High standard construction will ensure that purchasers receive the best quality property.
1 & 2 bedroom apartments are available, along with luxury 1 bedroom penthouse units.
FEATURES:
1 Bed studio style units
1 en-suite bathroom
Massive Rental market demand for aparthotel units
95% summer rental occupancy predicted
5 Minutes from the Beach
5 Minutes from Royal Golf Course
Panoramic views
Highly sought-after area
Conveniently located for amenities
18 Hole Royal Golf Course Nearby
15 Minutes from Tetouan airport
Shuttle Bus to Beach & Golf (5 minutes)
On-Site Swimming Pools
On-Site Bar, Restaurant & Hotel
On-Site Tennis Court
Set on the boundary of protected forest
HOW MANY APARTMENTS ARE AVAILABLE?
The initial release comprises 2 blocks of 12 apartments per block
WHAT DOCUMENTATION IS IN PLACE FOR THE DEVELOPMENT?
Building licence and land title are both in place
HOW LONG WILL THE BUILD TAKE?
Build time is expected to be around 18 months from the time of breaking ground
The Payment Process is as follows :
1. 2,000 GBP reservation holding deposit (part of the 40% down payment)
2. 40% deposit of the purchase price
3. £2,000 developer purchase/admin fees (this includes: Legal fees at Snyder & Associates for processing the reservation contract and legal fees for the compromise de vent, that is, promise of sale)
4. 60% that is remaining of the purchase price
5. Approximately 5.5% closing costs (detailed below).
CLOSING FEES
What is the breakdown of the 5% closing fees (according to the notary, sometimes this can be up to 6%) ?
* 2,5% - Registration charges
* 1,0% - Fees for New Title Deed
* 0,5% - Public Notary tax
* 0,5% - Public Notary honorarium
* 0,5% - Stamps and miscellaneous
Click Here to download the Brochure on Cabo Dream
Click Here to view the dedicated Photo Gallery of Morocco
Click Here to view the short photo Slideshow of Morocco
Click Here to download the Brochure on â??Why Invest In Moroccoâ??
Any information in this email, has been supplied by the developer and is believed to be correct at t
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€36,964 | £30,926 | US$49,118 (Currency and Foreign Exchange services supplied by  )
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| Type |
House / Home |
| Bedrooms |
1 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Innovative investment strategies offering 25% annualized returns regardless of market conditions
Find out more >> |
Map of Tetouan, Region de Tanger-Tetouan, Morocco
Real Estate Agent Listing this Property
Towns located close to Tetouan, Morocco
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Price: £30,926
Latest Property News in Morocco
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Price of Property in Tetouan, Morocco
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Tetouan |
Tetouan |
Tetouan |
| Apartment/Flat |
99,500 |
41,000 |
99,500 |
1,775,777 |
347,554 |
152,435 |
| House/Villa |
75,000 |
75,000 |
160,000 |
4,200,000 |
- |
1,540,000 |
| Other |
30,000 |
9,250 |
160,000 |
4,200,000 |
46,479 |
554,309 |
* Calculations based on 14 properties for sale in Tetouan and 680 properties for sale in Morocco |
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