Riad For Sale Marrakech – running Guesthouse
This lovely Riad For Sale Marrakech – running Guesthouse – is a tremendous investment opportunity. With a titled 180m2 footprint just a stone’s throw from the Spice Market, and with all authorisations, it is a bargain at just 2.75m dirhams (E257K £218K).
The Moroccan family owners are selling for health reasons. The Riad has just 4 en suite bedrooms, yet is authorised because it has been running for many years. The Riad needs a bit of refresh – just painting and a few minor repairs. It is easily improvable as a Guesthouse and represents real value in a sought after district near the Sidi Ishaq vegetable market.
It is sold as seen, fully furnished and equipped.
The entrance hall leads you past the utility room and into the charming patio courtyard. There is a pleasant plunge pool and a statue fountain. Set around the courtyard you will find the equipped kitchen, a summer seating area and two en suite bedrooms. The bedrooms are charming, with many original features.
On the first floor is a generous sitting room with it’s working fireplace, two further en suite bedrooms and an office. The Riad is charming, with loads of nooks and crannies, many with ornately carved stucco. There is good quality cedar wood on many of the ceilings. The owners have decorated this Riad For Sale Marrakech – running Guesthouse – with some beautiful local features: a rare water seller’s costume stands out. The finishing is of good quality throughout the building.
The terrace is rambling and multi-level – there is plenty of room for your sunbeds and breakfast areas. There are good views over the Medina roofscapes and beyond.
This Riad comes with some future bookings and all goodwill. It is highly rated on Booking.com, Expedia and TripAdvisor. The marketing could easily be improved and the prime location means your guests have easy access to the great souks, Jemaa El Fna square and all the major attractions in this thriving destination.
So call me now on 00212658025028 or mail colin@BosworthPropertyMarrakech.com to arrange a viewing of this fine Riad For Sale Marrakech – running Guesthouse. And remember to get your copy of my Free Guide to investing in the Red City by clicking on the banner just below. Thank you!