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Property for sale information

 
Sunset Apartments  
Reference nr: LH826571
Description:

Sunset Apartments are located just outside the City and have stunning views of the medina and Zalagh Mountains, whilst across the boulevard is a sumptuous Sheiks Palace.

This gated development comprises 84 one, two and three bedroom apartments, distributed between four low rise blocks. The ground floor apartments have private gardens, whilst the penthouses have roof top terraces.

There are two communal swimming pools and for golf lovers the Royal Fez Golf Course is only 15 minutes away, another Golf Course is being developed in the centre of the City along with a water park and other tourist attractions. During the short winter period, skiing is available in the Michlifen Mountains only an hour away.

Fez International Airport is a pleasant 15 minutes drive from the development and regular, affordable flights are now available from UK airports.

Last year in Fez prices rose by as much as 40 %. Property prices in Fez are still at rock bottom compared to the other major cities in Morocco and should make an ideal investment.

Features:
Stunning views
Two Swimming pools
Private gardens - Ground floor apartments
Roof top terraces - Penthouses
Granite worktops & quality tiles
Quality floor tiles throughout
Gated Community
Close to Golf Course
Freehold
Rental Income
Mortgages available - Subject to Status


COMPLETION DATE: July 2008

Prices:
1 Bed Apartments from €38,347
2 Bed Apartments from €45,777
3 Bed Apartments from €60,224

Payment Plan:
Reservation Fee £2,000 Refundable within seven days
1st Installment 30% On signing Contract
Final Installment 70% On Completion

Mortgages are available - Subject to status

Annual charges: Between €400 & €500 p.a. - Depending on size of apartment


Morocco offers major benefits from a financial standpoint which makes it a highly attractive prospect for purchasers:
Property market booming - average rises of 15% per year achievable
Rental occupancy reaching 85% most years
Low property taxes
Safe Investment - Notary supervised property registration similar to France/Spain
Full repatriation of funds should you re-sell in the future
Only 20% on any capital gains
New tax benefits expected to be announced soon

Bedrooms: Bathrooms: Price (€):
1 1 38,347
2 1 45,777
3 1 60,224
Features:
City
Private Swimming Pool
Submission Date:
02-14-2008
Last Update:
04-22-2008
Advertiser Details:


Name:
Laurie Hain

Company:
Off Plan Planet

Phone:
01517079335
Fax:
0870 141 2468
Mobile:
+44 0 7710 515144

 
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Calculators

 
Property price: €38,347
 

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