Gardens of Fedala 1
Morocco · Marrakech-Tensift-El Haouz · Marrakesh · Marrakesh area
Price
€318,087
Bedrooms
2-3
Type
Villa
Ref
P103513
Property Details
- Country
- Morocco, Marrakech-Tensift-El Haouz
- Location
- Marrakesh, Marrakesh area
- Type
- New
- Style
- Villa
- Bedrooms
- 2 - 3
- Size
- 0 sq m
- Garden
- Yes
- Terrace
- 1 Terrace
- Furnished
- Furnished
Gardens of Fedala 1
Designed by a well known local architect all units will be based on a traditional Moroccan design, with ceramic tiling and authentic wooden detailing. There will be a host of amenities on site, including a small boutique hotel with a sauna, communal pool, restaurant & bar, club house & health centre offering 24hr medical attention, to name but a few.
Marrakech and the surrounding area is awash with cultural and historic sites. The medina is a Unesco World Heritage Site, one of eight in the country. The city is dotted with museums, palaces, mosques and cool gardens, the most famous of which Jardin Majorelle was restored to its former glory by Yves Saint Laurent. Marrakech boasts hot summers and mild winters with an average of 320 days of sunshine every year.
All villas come with a nine year rental guarantee from the management company at 7% nt per annum. This is backed by world leading insurers AXA and starts from completion. The 7% garantee is on the purchase price, so all purchases which include swimming pools will benefit from this being on the mortgage.
One of the many benefits of purchasing into this development is being able to occupy the villa for two weeks each year, without charge and without affecting the rental guarantee. In fact, all Clients can choose to stay at any of the other Gardens of Fedala resorts in Morocco instead of their own, to include Fez, Mirleft and the Mediterranean coast. Also free annual return flights from Europe for three years after completion, including airport transfers.
Key selling points:
All terms of the contract and guarantee are fully transferable
70% lan to value full status mortgages available
9 year 7% NT rental guarantee backed by AXA Insurance
Annual property taxes, maintenance fees & utility costs all paid for by the developer
The villa will be cleaned and maintained free of charge during the Clients annual stay
Clients can stay at any Gardens of Fedala resort for two weeks each year free of charge
Annual return flights from anywhere in Europe free of charge
Villa types and sizes available:
Riad = 2 Bed Villa (inc. Balconies and Terraces) 181m2 build area prices from �189,000 (approx. �131,609)
Duplex = 3 Bed Villa (inc. Balconies and Terraces) 246m2 build area prices from �249,000 (approx. �173,390)
Payment structure (assuming the use of the 70% mrtgage):
Reservation fee of �3,750 approx. �2,600 (on registration) 15% o the purchase price (at contract) 20% a foundation stage (approx. 6mths after contract) 35% a walls stage (approx. 9mths after contract) 20% a closed & covered stage (approx. 12mths after contract) 10% o completion (mid 2009)
