Historic Dar and two vacant lots in the heart of the Fes Medina (MD617262)
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This is a property with amazing potential just off the Talaa Kebira, the main avenue through the medina. The existing building covers 350 square meters plus two adjoining vacant lots of 240 square meters. The dar features a rooftop terrace with a view over the medina, spacious courtyard, zellij tile work, cedar doors and trim, and beautiful plaster finishing. The owner will guarantee clear title and approval to remodel and construct a new building. The potential size is 950 square meters, approved for a boutique hotel consisting of 19 en-suite rooms and a 3m x 7m swimming pool. There are plans already drawn up for the finished building. This is an incredible investment opportunity for a project that has been proven to be successful in the Fes Medina. This is a rare chance to combine new construction with an existing traditional building.
Asking 700,000 Euro.
Please contact Chip Maxwell for additional details and information:
Mobile - 212-617496853
Email - chip@fesproperties.com
www.fesproperties.com
* Price: 700,000 EUR (~ $ 794,641 USD)
Date & Time Listed: 2011-01-21 11:50:19 GMT
For more details about this listing please click here to access the webpage provided by listing owner.
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Fes Properties (Real Estate Agent) from Morocco
About Fes Properties
Fes Properties is the premier foreign-owned real estate agency in Fes. We have an outstanding reputation for service and integrity. Our understanding of the local real estate process combined with fluency in Moroccan Arabic and French allows for better communication and a smoother transaction. Living and working in Fes has enabled us to establish a network of contacts to better serve our clients.