Old Riad For Sale Marrakech – Spice Market
This Old Riad For Sale Marrakech – Spice Market – has a generous 296m2 footprint in a fabulous location. It’s a fantastic investment opportunity as a Riad To Renovate. The Moroccan owners are asking a negotiable 2.5m dirhams (E232k £197k). That’s a very good price for this prime location in the heart of the tourist district. Exclusive to Bosworth Property!
Just a stones throw from the Rahba Khedima Spice Market, this lovely old building would make an excellent Riad boutique hotel guesthouse. There is room to have five or even six generous en suite bedrooms as well as a big patio courtyard with a plunge pool.
There are some original features that could be conserved and masses of potential for development. At just over 8k dirhams per square metre of footprint, this Old Riad For Sale Marrakech – Spice Market – is a great investment. Call me now on 00212 6 5802 5028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing and see for yourself the tremendous business that can be done here.
You should budget a further 1.2m dirhams (E110k £95k) for the renovation project. So for your total investment of less than £300k you will have a five or six en suite Riad boutique guesthouse in the heart of the souks, close to Jemaa El Fna and all the major attractions in this thriving destination. That’s good business.
And remember to click on the banner just below to get your copy of my Free Guide to investing in Marrakech Medina. It’s full of important and useful information for the first time buyer as well as the seasoned investor. And it’s FREE! Thank you.