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Property for sale information

 
Apple Gardens, Marrakech, Morocco  
Reference nr: JM864269
Description:

Conveniently placed just outside Marrakech, Apple Gardens is a fully self-contained luxury resort. The project has been designed by one of the country's top architects and consists of 51, three bedroom villas of 130 - 140 sq m living area with additional terraces and roof terraces.

Built in a traditional Moroccan style these properties benefit from cultural design influences but also feature stylish, contemporary interiors, which incorporate all the latest modern conveniences.

• 26% under current open market value
• Up to 40% instant equity on completion
• Full rental returns program
• Good capital growth - 15% expected
• 60% finance at Euribor rates
• No Capital Gains Tax after 10 years
• Fully bank guaranteed.
• 15 minutes from central Marrakech

With a current void for this type of property in the area, the spacious properties at Apple Gardens are set to capitalise on a gap in the market and therefore form one of the most attractive investments in the area.

Situated just 14km from mainland Spain, Morocco is the gateway between Africa and Europe. It's convenient location offers the excitement of a long haul destination, with the relative ease of a 3-hour short haul flight. A vibrant and exotic country, Morocco has been attracting international travellers since the 19th century and since the 1942 film, Casablanca, it has remained one of the most fashionable retreats for the rich and famous.

This diverse country boasts some of the world's best boutique hotels, amazing beaches, private beach clubs, world class international restaurants and incredible shopping. Activities and facilities include premiere golfing, superb skiing in the Atlas Mountains, casino bars, night clubs, 5* marina facilities, every conceivable water-sport, as well as hunting, hiking and even camel trekking.

"A mixture of sensuous luxury and aesthetic simplicity, the historic Moroccan city of Marrakech attracts a fashionable crowd of winter sun seekers. The dusky, pink-walled Medina, the 'old city', boasts a greater density of chic boutique lodgings than possibly anywhere else in the world and the multitude of emporia will keep shopaholics busy for days. Even non-shoppers will be amazed by the colour, diversity and vibrancy surrounding the souks. In short, fabulous nightclubs, new-wave riads and radical new Moroccan food makes this the coolest place to be." Conde Nast Traveller.

Three bedroom villas from € 222,000 to € 262,000
Prices subject to currency fluctuation, all contracts take place in euros

Bedrooms: Bathrooms: Price (€):
3 2 222,000
Features:
City
Submission Date:
01-31-2008
Advertiser Details:


Name:
Joanne Murphy

Company:
Future Properties

Phone:
(0)1 669 4652
Fax:

Mobile:

 
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Calculators

 
Property price: €222,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations