FEZ APARTMENTS (TLC)

 


1, 2 and 3 bedroom
Apartments available
Prices from
€ 33,029.00
Mortgage 50%
Deposits from
€ 16,514.50
VIEWING TRIPS AVAILABLE:

The Sunset Apartments are just outside the City with stunning views of the medina and Zalagh mountains. Fez International airport is a pleasant 15 minutes drive from the
development and regular flights are now available from Luton airport in the UK
For golf lovers Royal Fez golf course is only 10 minutes away. For Skiers, during a short winter period skiing is available in the Michlifen Mountains only 35 minutes away.

Features:
* The development will consist of 84 apartments
distributed between 4 blocks
* Low rise blocks of only 3 stories
* Two communal swimming pools will be on site
* The community will be gated
* Some ground floor apartments to have private gardens
* Roof top terraces on the penthouse apartments





For Westerners, Morocco holds an immediate and enduring fascination. Though just an hour's ride on the ferry from Spain, it seems at once very far from Europe, with a culture that is almost wholly unfamiliar.
Throughout the country, despite the years of French and Spanish colonial rule and the presence of modern and cosmopolitan cities like Rabat and Casablanca, a more distant past constantly makes its presence felt. Fes, perhaps the most beautiful of all Arab cities, maintains a life still rooted in medieval times, when a Moroccan empire stretched from Senegal to northern Spain, while in the mountains of the Atlas and the Rif, it's still possible to draw up tribal maps of the Berber population. As a backdrop to all this, the country's physical make-up is also extraordinary: from a Mediterranean coast, through four mountain ranges, to the empty sand and scrub of the Sahara.
In recent years the worst of the hustlers have been cleared off the streets (anyone who visited in the early 1990s will be amazed at the change) and the unofficial guides you encounter are fewer and more discreet.
Morocco is really an ideal place for the independent traveller. A week's hiking in the Atlas, a journey through the southern oases or into the pre-Sahara, or leisured strolls around Tangier, Fes or Marrakesh once you adapt to a different way of life, all your time will be well spent. It's also a safe and politically stable country to visit: The death in 1999 of King Hassan II, the Arab world's longest serving leader, was followed
by an easy transition to his son, Mohammed VI. It's difficult for any traveller to go for long without running into Morocco's equally powerful tradition of hospitality, generosity and openness. This is a country people return to again and again.
Tangier, Fez, Casablanca, Marrakesh... just the names of these cities stir a hint of spice in the nostrils. Morocco has been thoroughly mythologized and for good reason. Travellers extol the country's unique living history, its shimmering light and its
extraordinary art.

Fez is the cultural and spiritual centre of Morocco, the oldest of the three imperial
cities. The main attraction in this ancient city is the medieval Medina with it’s
countless bazaars and shops. The more modern part of the city is known as Ville Nouvelle, and has a decidedly French influence. A visit to the souks will undoubtedly lead to a stopover at Fez’s famous tanneries where one of the oldest arts in Morocco, and the world, is practiced to produce the soft leather that has been sought after for centuries. The best vantage point over the ancient walled city, which lies at the eastern end of the plain of Saiss, bordered by the foothills of the Atlas Mountains, is from the ruined Merenid tombs on a hilltop. From here it is posible to view the skyline, and to pick out some of the magnificent palaces, green-roofed holy placed and the Karaouine Mosque, all hemmed in by workshops and tenement, souks and squares. Exotic Fez is a city steeped in culture and history, Fez really is the true Morocco.


The Development:
 
 The Sunset Apartments are just outside the City with stunning views of the medina and Zalagh mountains. Just over the boulevard is a sumptuous Sheiks Palace.
Fez international airport is a pleasant 15 minutes drive from the development and regular flights are now available from Luton airport in the UK. For golf lovers Royal Fez golf course is only 10 minutes away. For Skiers, during a short winter period skiing is available in the Michlifen Mountains only 35 minutes away.
Property prices in Fez are currently at rock bottom and should make an ideal investment.

* The development will consist of 84 apartments distributed
between 4 blocks.
* Low rise blocks of only 3 stories
* 1,2 and 3 bedroom apartments available
* Two communal swimming pools will be on site
* The community will be gated.
* Some ground floor apartments to have private gardens.
* Roof top terraces on the penthouse apartments.






1 bedroom apartment … … … … ... 368,277 Dh ( € 33,029 @ 11.15 Dh/€ )
To reserve your apartment you will need to pay a HOLDING DEPOSIT of … ...40,195.75 Dh ( €3,605 ) Plus a Handling Charge of 750 €

When you receive your contracts you will need to pay the following:
1) Agency Fees … … … ... ... ... … ... ... 4.640 €
2) The balance of the 50% Deposit … ... ... … … ... 143,942.75 Dh ( € 12,909.66 )
The remaining balance of 50% is payable on completion … … … … … 184,138.50 Dh ( € 16,514.66 )
A mortgage will be available subject to status.

All properties are sold in Dirhams. The euro price is a guide only as exchange rates can vary.
We will offer all clients the services of our panel of bilingual lawyers in Spain and Morocco who will assist with the completion of the purchase. Services available will include translation of the final purchase contract and accepting Power of Attorney from purchasers who do not wish to be present in Morocco to sign the title deeds on completion. The lawyers are specialists in conveyancing of overseas property. Please note that there is no charge for legal services as provided by recommended lawyers.
All legal fees are included in the Agency fees.
You will need to budget for an extra 5% in addition to the purchase price to cover Notarial, Property Registration fees and bank charges for arranging a mortgage.

LEGAL:
 We will offer all clients the services of our panel of bilingual lawyers in Spain and Morocco who will assist with the completion of the purchase. Services available will include translation of the final purchase contract and accepting Power of Attorney from purchasers who do not wish to be present in Morocco to sign the title deeds on completion. The lawyers are specialists in conveyancingof overseas property. Please note that there is no charge for legal services as provided by recommended lawyers.
All legal fees are included in the Agency fees.

INVESTMENT:
Morocco offers major benefits from a financial standpoint which makes it a highly attractive prospect for purchasers:
Property market booming - average rises of 15% per year achievable.
Rental occupancy reaching 85% most years.
Low property taxes
Safe Investment - Notary supervised property registration similar to France/Spain.
Full repatriation of funds should you re-sell in the future.
Only 20% on any capital gains.
New tax benefits









Edited by ADMINWWP - 07 Jul 2008 at 8:31pm