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Property for sale information

 
Cabo Negro, Tetouan, Morocco  
Reference nr: LO929053
Description:

Pre-release of this latest price beater property in Tetouan/ Morocco – Cabo Dream Apart-Hotel! LIMITED AMOUNT OF UNITS AVAILABLE ONLY!GREAT INVESTMENT OPPORTUNITY – ONLY EURO 30,637 / £22,716. The price of these units will never be lower as this is a pre-release. Maximum capital growth is possible if you book your viewing trip now! Only 10min from Tetouan Airport.


*Compact units ensuring maximum affordability
*1 bed studio-style units
*1 en-suite bathroom
*Residents' swimming pool
*On-site Bar and Restaurant
*On-site tennis court
*18-hole Royal Golf Course Nearby
*Opposite riding school (with its own hotel and bar-restaurant)
*5 minutes to Cabo Negro Beach
*7 minutes to Golf Course
*9 minutes to huge Tesco-style supermarket
*Conveniently located for amenities
*10 minutes to Tetouan Airport
*Massive rental market demand for apart-hotel units
*95% summer rental occupancy predicted
*Shuttle Bus to beach and golf (5 minutes)
*Set on the boundary of protected forest


Only EURO 12,026 / £9,086 as deposit payment for this unit.


The development occupies a strategic location in an elevated position, offering incredible and truly panoramic views of the Mediterranean, Cabo Negro Golf Course, the Rif Mountains (snow-capped in the winter) and the magnificent Tetouan river valley. Above and behind the development is a large area of national parkland, on which further building is not permitted.
CABO DREAM is accessible via the sleepy Cabo Negro Boulevard, running past the lower part of the project.
Immediately in front of the development, La Ferma Equestrian centre offers a bar (open all year round), restaurant, hotel and superb horse riding facilities, including beach treks and even midnight treks!
The Meridiana Restaurant is a short stroll away, arguably serving the best food for miles around. The adjoining pub is also popular. A Pizzeria and French Restaurant are within walking distance, whilst the nearby Mirador Golf development offers 2 bars, restaurant and a supermarket.
Shops, banks, medical facilities, newsagents and all amenities are available in the town of M’Diq – 5 minutes drive from the development.

The development itself will comprise low-density, low-rise apartments (4 storey) set in lush tropical gardens.
High standard construction will ensure that purchasers receive the best quality property.
1 bed apart-hotel units are available in this section of the development. The incredible price of these units ensures a superb investment opportunity.
With the strong rental market, owners in the region have reported rental occupancy of over 95% in the summer months.

Off-season these apartments are the ideal owner's weekend getaway, or indeed for a golf weekend in sunny Morocco.

FEATURES:
Type: Off-Plan
Property Beds: 1
Baths: 1
Terraces: 1
Surface: 28 m²
Terraces Surface: 6 m²

Starting from Euro 30,637 for studio-style unit / £22,716 [Estimated conversion of actual MAD347,554 price]


PLEASE CONTACT OUR OVERSEAS DEPARTMENT FOR FURTHER DETAILS ON 01-6771188.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 30,637
Features:
City
Private Swimming Pool
Submission Date:
03-10-2008
Advertiser Details:


Name:
Locations - Overseas Department

Company:
Locations

Phone:
+353 (0) 1 6771188
Fax:
+353 (0) 1 677 11 98
Mobile:

 
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Calculators

 
Property price: €30,637
 

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