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Titled Riad For Sale Marrakech

By in Riads For Sale Marrakech with 0 Comments

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 colin@bosworthpropertymarrakech.com for further information.

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The absentee owner is motivated to sell. He has instructed me to put a headline price on the property of 1.5m dirhams, about £105,000. Expect to buy at a discount of at least 10%.

The house needs work to bring it up to international hospitality standards. It currently has six 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.

Riad for sale - investment opportunity Marrakech

Riad for sale – investment opportunity Marrakech

This is a good deal. The downside is that the house lacks personality – this 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 £160,000 – 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 colin@bosworthpropertymarrakech.com

Bosworth Property Marrakech works with local people to bring you the best deals in Marrakech Medina. We are your trusted property consultants in Marrakech.

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