This Titled Riad For Sale Marrakech is in one of the best parts of town – Riad Laarous. Easy access. There’s parking just 50m from the front door. It’s a 162 square metre titled Riad with six bedrooms and a spacious terrace – ideal as a guest-house or as a pied-a-terre within easy walking distance of all the major attractions. Call me +212658025028 or mail [email protected] for further information.
The absentee owner is motivated to sell. Hence the price of only 149’000 euros (£127’000 U$167’000). That is fantastic business for a house of this size and in this condition.You can get a taxi to within 30 metres of the front door!
The house needs some work to bring it up to international hospitality standards. It currently has seven bedrooms. One would have to be sacrificed to make space for en-suites throughout. The building itself is sound throughout. It’s mostly hard-built, it’s solid and healthy. The terrace is really cool – spacious and airy, with great privacy. And the possibility to put in a Jacuzzi or a little plunge pool.
This is a good deal. What the Riad currebtly lacks in personality could easily be remedied with a little creativity. The upsides are many – location, price, structure …
It’s the sort of property that a family could come into and get up and running in a short time. The total investment in making a funky little boutique hotel would be in the region of 110’000 Euros – that’s a really good deal in today’s market. Alternatively, a strategic investor will look at this and consider the massive ROI potential of a quick refurb and flip. This will sell. To own this Titled Riad For Sale Marrakech call me now on +212658025028 or mail [email protected]
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- Central Location
- Easy Access
- Great development opportunity
- Medina View
- Patio Courtyard