Fully furnished 4 - star apartment - hotel development
· 2-year guarantee rental return at 8%
· All revenue surplus (13-15% predicted) is split on a 50/50 basis
· 50% guaranteed finance package
· Development adjacent to Kings Palace, international exhibition centre and Morocco largest retail centre.
· All dilapidation costs paid by Hotel
· 30 days free usage per annum
· Price: €109,800 - €124440-fully furnished etc

The development
Situated at alluring Agadir on Morocco’s exclusive Atlantic coast, ‘Les Terraces d’Agadir’ presents an investment opportunity in a fully managed and furnished apartment-hotel in a prime location. The first of its kind in Agadir, this apartment-hotel development offers a range of facilities befitting its 4-star status. The development is due to complete in December 2009. (It is worth noting that of the 147 apartments being built, the developer is only offering 45 for sale.)

Location
Just 20 minutes from Agadir airport on Morocco’s southern coast. (Flight time from London is less than 3 hours.) Agadir benefits from being a year-round tourist location as it boasts around 300 sunny days per year with hot summers and mild winters. Agadir offers the one of the best development infrastructures in Morocco, including a new 500-berth marina.

On-site facilities
147 one and two-bedroom apartments
Moroccan-themed modern spa
State-of-the art fitness centre
Three swimming pools
Restaurant / pool bar
Conference and banqueting centre
Landscaped gardens
24-hour security
Onsite parking
Access to all hotel services
400 metres to beach via promenade.

Local amenities
All the following amenities are located within a short walk of the development:
10km of beautiful sandy beaches
International exhibition centre & shopping centre
Marina with over 500 mooring docks
3 stunning local designer golf courses
Promenade with over 15 beach clubs
Dive centre, yacht club, water sports
A choice of restaurants, hotels and casinos.

Why invest in Agadir?
Property in Agadir has a wealth of potential for both the investor and the second home buyer as it offers a range of options from an immediate income stream to long term capital growth.

The Moroccan property market is growing at a fast, sustainable pace. The low cost of living makes a luxury lifestyle affordable at a relatively small expense. There are no restrictions on foreign ownership of property and capital growth over the past three years has been in the region of 20-30% per annum.

There is large-scale government investment to develop tourism under the Plan Azur – by increasing the number of visitors to the country by 10 million as part of the Vision 2010 project. Agadir is one of the coastal towns on the Atlantic Coast that looks set to benefit quickly as it already has in place some of the best infrastructure in Morocco.

Key development investment points:
Attractive profit share of revenue generated by tourist rentals
Hassle-free investment option, as all rentals are fully managed by an International hotel brand.
All units come fully furnished and decorated, and are maintained to 5-star standards on a daily basis.
Excellent capital appreciation prospects for investors looking to resell.
No tax on rental income for the first 5 years.