Property for sale in Marrakech - 30287534 - Advertised on propertyO by Five Quadrant

Bulk Buy Residential for sale

£5,845,588

Marrakech-Tensift-Al Haouz, Marrakech, Marrakech-Medina, Marrakesh, Morocco Property ID: 30287534


Property features

  • Purchase price: €6.670M
  • 50% below market value
  • Fully titled units sold freehold with no associated debts
  • 50% LTV easily achievable to leverage capital & improve the ROI
  • Delivers 100% cash-on-cash return if sold in 12 months
  • Amenities include private pool- tennis & basketball courts- gymnasium

Property description

We have been instructed by a major Moroccan bank to dispose of 38 well-maintained villas within a private gated residence to the East of Marrakech.

LOCATION

The villas are adjacent to the Amelkis Golf Course, 5 minutes’ drive to the Royal Golf Course, The Al Maaden Golf and Residences, as well as the Mandarin Oriental Hotel.

DEVELOPMENT

On-site facilities in this well-kept community include a clubhouse with private pool and gardens, gymnasium, games room, tennis court, children’s playground and basketball court. The properties are in good condition, needing only light cosmetic work to ready them for sale.

MARKET

A full market study has been carried out, analysing villas on sale in the district of between 200m2 and 300m2. Prices typically range from around 1000 euros per m2 up to approximately 1900 euros per m2, depending on the location, style and condition of properties. These villas are built to good specifications on good sized plots, in a nice environment, giving them a realistic valuation of 1350 euros per m2. A target price of 1225 euros per m2 has been suggested for resale, to ensure the units sell quickly.

MORTGAGES

Finance is available both for the primary investor and to end-users, both Moroccan resident and international.

FINANCIAL MODEL

A full financial model and cash flow simulation are available to investors on request.

 

PROJECT SUMMARY

Purchase Price: €6.670M
Transaction Fees: €450K
Refurbishment Cost: €200K
Total Resale Value: €12M

Villas: 38 totalling 9854m2

35 x 4 bed – 264m2 on plots of 391-752m2
2 x 3 bed – 206m2 on plots of 301-328m2
1 x 2 bed – 202m2 on a plot of 396m2

INVESTMENT HIGHLIGHTS

  • Purchase direct from a Moroccan bank with no commission to pay to intermediaries
  • Bulk transaction at 15% discount to bank’s price, up to 50% below comparable prices
  • Fully titled units sold freehold with no associated debts
  • 50% LTV easily achievable to leverage capital and improve the ROI
  • Target resale value of 1225 euros per m2, approximately 10% below market value

PROFITABILITY FORECAST

  • 12-month target timeframe to resell all units
  • Delivers 100% cash-on-cash return if sold in 12 months
  • Investment IRR of 448% based on standard mortgage terms

Contact Five Quadrant about this property

Enter details
  1. Keep me updated with similar properties
  2. CAPTCHA

Similar properties for sale nearby

50+ more properties in Marrakesh

© www.propertyo.com All Rights Reserved.24 Jacks Place, Shoreditch, London, E1 6NN.
Terms & Conditions | Privacy Policy