Advert ID:350 / Type:Miscellaneous Opportunity / Sector:Tourism / Location:Africa
Magnificient Ocean Moroccan Palace waiting to be Transformed into a Thriving Businessation
Opportunity Summary
Main Reasons why this maginificient palace project is an excellent opportunity
Presentation
Essaouira’s medina is part of UNESCO's world heritage.
Built in XVIIIth century for Fez’ Pacha, a former italian Consulate, this artistically refurbished authentic riad is quasi ready for business.
It is very well proportioned and sunny, one of the biggest in town.
The living area is more or less 850sq meters. Ground floor + 2 floors+ large terrace.
Extremely well situated, at 50m from the main square, 200m from the beach and harbour. It can be a:
Ground floor, 295sq meters titled, included large patio & 16 arches, could be used for example as
- restaurant
- one nice shop.
This area can be exploited for any commercial activity or spacious livingroom.
The two other floors are ideal as guest house which are sunny, include:
- 8 spacious suites
- 2 extra bathrooms and 2 reserve rooms (2 others suites, even a third one could be added)
- 2 large livingrooms and
- a 2 floors nice and large alleyway around a 45sqm patio.
Large terrace with hanged up garden, which can be improved.
International airport is at 15km, Marrakech and Agadir at 180km.
Royal Golf is in creation.
Tourism in Morocco, especialy in Essaouira, is on the increase ; its a governmental strategy (3 golfs, 6,500 beds in construction…). Because king's counsellor is born in Essaouira, the town is well referenced and benefits from advantages as publicity, organisation, infrastructure, ,....Europeans & especially English people love Essaouira where they come more often and for longer periods.
Life and business in Essaouira are made easier because Essaouira is caracterised by:
- surfing spots
- golf courses (one Royal on plan)
- cultural events & spirit (4 annual music festivals -famous World & Gnaoua one-, primitive painting school, movies festival on plan...)
- open mind and mixed people town (former jewish)
- important European community in business (french school)
- Moroccan aspire to european living of way
- excellent moroccan tourism schools.
Property is freeholder& titled. Owner is european who is in duty bound to come back in national country .
- Asking price is 1.3M€.
For more information and to buy this great opportunity, please reply to this posting
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