Full Description

Morocco – Les Terrasses d’Agadir, Agadir  Fully furnished 4-star apartment-hotel development

 Price: €109,800 - €202,520  50% guaranteed finance package
 2-year minimum rental return at 8%  All revenue surplus (predicted 13-15%) is split on a 50/50 basis
 30 days free usage per annum
 Projected capital appreciation estimated at 15-20%
 Full rental management for hassle-free ownership
 No tax on rental income for first 5 years
 Growing number of charter flights from the UK to Agadir
 All dilapidations costs paid by hotel operator
 Development is adjacent to King’s Palace, international exhibition centre and Morocco’s largest retail shopping centre
 Development just 20 minutes from the airport, 3hrs from London
 Hotel occupancy in Agadir up 10% in 2007, year on year
 Moroccan government committed to increasing tourism
 300 days of sunshine per yea: Hot summers, mild winters

The best-developed infrastructure in Morocco Situated at alluring Agadir on Morocco’s exclusive Atlantic coast, ‘Les Terraces d’Agadir’ is an opportunity to own part of a distinctive new development – a fully managed and furnished apartment-hotel. The first of its kind in Agadir, this secure development offers a range of facilities befitting its 4-star status.

On completion in December 2009, the development will have 147one- and two-bedroom apartments with ocean and mountain views, a Moroccan-themed modern spa with treatments, state-of-the-art gymnasium, a choice of three swimming pools, tennis courts, restaurants and bars. There will also be a conference and banqueting centre on site and promenade access to the beach.

Les Terraces d’Agadir is situated in a prime location just a short stroll (400metres) from Agadir’s idyllic sandy coastline. The development is adjacent to the King’s Palace, an international exhibition centre and Morocco’s largest retail shopping centre. Within an easy walk from Les Terraces d’Agadir guests can access 10k of beach, three designer golf course points, casinos, beach clubs, dive and water sports centres, the yacht club and Agadir Marina as well as a range of hotels, restaurants, cafes and bars.

With a government committed to investing in tourism (Plan Azur / Vision 2010 project) from an already thriving base (6.5million tourists in 2006), a stable and strong economy, and low inflation, Morocco is currently attracting billions of dollars of direct foreign investment. Character-packed and cultural coastal towns such as Agadir are expected to play a big role in the future of Morocco’s tourism industry. On-site facilities 147 one and two-bedroom apartments (developer only selling 45!) Moroccan-themed modern spa State-of-the art fitness centre Three swimming pools Restaurant / pool bar Conference and banqueting centre Landscaped gardens 24-hour security Onsite parking Access to all hotel services 400 metres to beach via promenade.

Local amenities: All the following amenities are located within a short walk of the development:

 - 10km of beautiful sandy beaches
-  International exhibition centre & shopping centre Marina with over 500 mooring docks
 - 3 stunning local designer golf courses
 - Promenade with over 15 beach clubs
 - Dive centre, yacht club, water sports
 - A choice of restaurants, hotels and casinos.

Why invest in Agadir?
Property in Agadir has a wealth of potential for both the investor and the second home buyer as it offers a range of options from an immediate income stream to long term capital growth. The Moroccan property market is growing at a fast, sustainable pace. The low cost of living makes a luxury lifestyle affordable at a relatively small expense. There are no restrictions on foreign ownership of property and capital growth over the past three years has been in the region of 20-30% per annum. There is large-scale government investment to develop tourism under the Plan Azur – by increasing the number of visitors to the country by 10 million as part of the Vision 2010 project. Agadir is one of the coastal towns on the Atlantic Coast that looks set to benefit quickly as it already has in place some of the best infrastructure in Morocco.

Key development investment points:
 Attractive profit share of revenue generated by tourist rentals (estimated at 8-10% ROI)
 Hassle-free investment option, as all rentals are fully managed by an International hotel brand.
 All units come fully furnished and decorated, and are maintained to 5-star standards on a daily basis.
 Excellent capital appreciation prospects for investors looking to resell.
 No tax on rental income for the first 5 years.