Morocco Property Forum - Property investment in Morocco - View Single Post - Alcudia smir

btlwinner · 24-09-07, 11:06 PM

Tootsie,

I’ve bought on this development and at the moment I am confident that not only is it a good buy for a holiday home but also as an investment. There are a number of reasons for this i.e.

I have a 2 bed penthouse on the third floor with direct views of the sea, which I paid an excellent price at approx 1,000 Euros Sq. M.
Compare this to a lot of other projects in the Mediterranean, it is very good value for money.
The build quality may not be all that great, but remember the development is 4 star and not 5 star like the other projects demanding silly money.
The resort is located on Morocco’s to be ‘Golden Mile’, one of the most exclusive tourist regions in the country.
It is just 5 minutes from the famous Marina Smir and Tamuda Bay where Morocco’s King Mohammed and the Saudi Royal Family have holiday homes
The property is almost 10 minutes walk to the long sandy beach.
All terraces are subtly elevated and enjoy dynamic sea views.
Southern Spain is only half an hour away via the ferry at Ceuta, and Tangier airport is within reasonable driving distance.
There are excellent opportunities for capital growth and rental yields in the long term, even though there may be 1000 or so apartments in the area.

Also, there may be no dedicated car parking (there is ample communal) and no lifts to carry the butane gas bottles, but as I’m still relatively young I’m sure I can cope going up 3 flights of stairs on a few occasions…

The only thing that does concern me a little is the cemetery you mentioned… Not that’s, worrying…..

24-09-07, 11:06 PM	#4 (permalink)
btlwinner Junior Member Join Date: Aug 2007 Posts: 8	Re: Alcudia smir - pros and cons Tootsie, I’ve bought on this development and at the moment I am confident that not only is it a good buy for a holiday home but also as an investment. There are a number of reasons for this i.e. I have a 2 bed penthouse on the third floor with direct views of the sea, which I paid an excellent price at approx 1,000 Euros Sq. M. Compare this to a lot of other projects in the Mediterranean, it is very good value for money. The build quality may not be all that great, but remember the development is 4 star and not 5 star like the other projects demanding silly money. The resort is located on Morocco’s to be ‘Golden Mile’, one of the most exclusive tourist regions in the country. It is just 5 minutes from the famous Marina Smir and Tamuda Bay where Morocco’s King Mohammed and the Saudi Royal Family have holiday homes The property is almost 10 minutes walk to the long sandy beach. All terraces are subtly elevated and enjoy dynamic sea views. Southern Spain is only half an hour away via the ferry at Ceuta, and Tangier airport is within reasonable driving distance. There are excellent opportunities for capital growth and rental yields in the long term, even though there may be 1000 or so apartments in the area. Also, there may be no dedicated car parking (there is ample communal) and no lifts to carry the butane gas bottles, but as I’m still relatively young I’m sure I can cope going up 3 flights of stairs on a few occasions… The only thing that does concern me a little is the cemetery you mentioned… Not that’s, worrying…..