Development For Sale Agadir Ad:770960

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Morocco > Souss-massa-draa > Ben Sargaou > Hay Lhassani

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MAD70,139,618

(EUR 6,500,000)

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Development
For Sale
Hay Lhassani, Ben Sargaou
Morocco

This is a very rare and exciting opportunity to purchase an exclusive apart hotel complex Les Terrasses D`Agadir, located on one of Morocco`s premier beaches in the major coastal city of Agadir.

A jewel in the crown of Agadir, Les Terrasses occupies 1, 5 hectare, third - row beach front, neighbouring the 5* Kempinski Hotel, the 5* Sofitel Royal Bay Resort, to name but a few, also the newly approved Conference Hall Complex. The development currently is in the final construction stage of phase one, awaiting internal installations and external landscaping, followed by procurement and fit out of designer FF&E, to January 2016, when the launch of the complex is envisaged.

The apart hotel complex consists of 8 buildings private gated development; with seven apartment buildings totalling 164 of one and two bed apartments, and a building housing the Club House, with a restaurant, SPA & Wellness Centre.
Les Terrasses D`Agadir, will be professionally managed and operated apart hotel.

The purchase price of the apart hotel complex is at 6.5 million Euros, in its current status of shell construction. To complete construction to hand over, a further 7 million Euros will be needed, and an additional 2-4 million Euros to fit it out to a high 4 star rating.

The developer will consider alternative purchase structures and / or JV partnership.
For more information, please contact Anita Gibson on

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