Potential Hotel/Restaurant for Sale. Magnificient Moroccan Palace

Presentation

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 & 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:

• prestigious private house and
• a thriving  business location!

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 living area.

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 living rooms and
• a 2 floors’nice & large alleyway around a 45sq m patio.

Large terrace with hanged up garden, which can be improved.

International airport is at 15km, Marrakech & 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.