Full launch of Sahara Beach & Spa – RT6

fuzzbear

Le Jardin de Fleur has now fully launched RT-6 - Sahara Beach and Spa Resort. This project came to the market as a pre-release in March. Based on early negotiations with a selection of five star hotel operators, Property Logic has decided to place a minimum guaranteed rental return of 4 % gross revenue per annum for three years. However, calculations predict a much higher return, especially after the first year.

The minimum guaranteed return is in addition to the estimated rental yield for the properties which is forecast as to be between 7-11%. The additional rental guarantee is intended to ensure investors’ confidence in the prospect that should they choose to obtain a mortgage (60% of contract value)- it would be easily covered for the first three years of resort operations.

The chosen hotel group to operate the Condo-Resort will be announced later in the year.

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moroccomania

Hey fuzzbear

Do you know what kind of prices we're talking about, and whether the project is in phases?

Thanks
MM

fuzzbear

Yo MM,

Pre-release of 1 and 2 bed apartments on a beachfront resort (RT-6) within the exclusive Mediterranea Saidia resort start from around £80,000.

As the development consists of 3 golf courses, I guess it will be a phased development with the whole completion being around 2009 / 2010 - at this point when the full Saidia resort is finished.

Fuzzy

moroccomania

Hey fuzzy

From what I've read somewhere else (don't remember where....I think an agent's website), it seems like these are not really front line as there is a hotel or another building in front of these units......do you know if that's the case?

Because if that is the case, then £80k starting price is quite expensive, even if it is saidia. No front line views and stuck behind another building....not really saidia style...

MM