Full Description

Prices from 77,544 Euros (£58,000*) with a three year 10% rental guarantee

Real Miraflores

Real Miraflores is a luxurious new apart-hotel project in the centre of Tangiers. This project is being constructed and managed by one of the most respected developers in the area.

The project offers an extremely attractive 10% NET guaranteed rental yield for three years while the and the owner has use of the apartment for up to four weeks per annum. In addition, the first three years are exempt from tax on rental.

The development includes 72 one bedroom apartments on nine floors with various choices of design layout and size with a competitive furniture package, while the ground floor is dedicated exclusively for a residence concierge, a complete spa with indoor swimming pool, Jacuzzi, steam bath, sauna, gym as well as a trendy café style food and beverage service with covered terraces.

> Luxury apart-hotel project in Central Tangiers
> 72 top quality one-bedroom apartments
> Inc: Indoor pool, Jacuzzi, Steam bath, sauna, gym
> Café and covered terraces in building

A Hassle-Free Property Investment

> Owners have a luxurious vacation home in a premier location while they benefit from the expected substantial property price appreciation. This is in addition to the obvious advantages from annual rental revenue which clearly helps off-set any costs of ownership.

> The Real Miraflores development has excellent features and services that enhance the appeal to potential buyers as well as future renters. Services include reception, housekeeping and other facilities and amenities.

> Miraflores offer hassle-free vacation home ownership. The on-site management company takes care of all upkeep and maintenance as well as interaction with guests.

> Owners of Real Miraflores apartments have the right to resell their apartment at any time and make the full profit from derived appreciation, thus Miraflores rental program combine vacation home ownership together with maximum investment potential.

Tangiers, the most progressive city in the region

Tangiers is without a doubt the only city for investment in the Mediterranean region. A city that is developing one of the most impressive and modern ports in the world in addition to new conference facilities, infrastructure, and a pleasure port, Tangiers is most certainly a city on the move. However the city is lacking hotel space and this is what makes Real Miraflores such a tempting property investment.

Strategically situated at the mouth of the Mediterranean at the gateway between Europe and Africa, Tangiers is a city currently being reborn. Massive government and private investment of over $8 billion is flowing into the city with strong political backing. As the king seeks to position Morocco as a key tourist destination under the Plan Azur, Tangiers has been recognised as a key factor in achieving this goal.

A new state of the art pleasure port is being built at a cost of $2 billion and will create 100,000 jobs. New motorways serving the city are also being constructed in addition to a new high speed train link to Marrakech and Casablanca. A new marina and new conference centres and hotels are also works in progress, so everything points to a bright economic future for Tangier.

The imminent arrival of low cost airlines to Tangier is also estimated to boost property prices by around 30%. Buying in advance of the low cost airlines is a successful overseas property investment strategy that we have seen work time and time again, so get ahead of the competition and reserve your Tangier property now.

Payment schedule

> Reservation Deposit – 3000 Euros (£2300)
> Pre contract signing – 25% minus reservation deposit
> 8 months later – 25%
> 14 months later – 25%
> Title deeds and key delivery (completion) – 25%

*Prices and availability is correct as of time of writing but can be subject to change without notice. Properties are priced in Moroccan Dirham and currency equivalents quoted are correct as of time of writing and are subject market fluctuations. **Terms and conditions apply. ***Please note that we are not a tax adviser, for advice on tax issues please seek independent advice from a qualified tax adviser.