Introduction
There are few places left in Morocco – indeed, in the world – where ordinary investors can afford to buy quality villas right on the beachfront, so when we heard the deal details and saw the waves lapping at the edge of this lovely site near Mirleft, on Morocco’s picturesque Atlantic coast, we knew we’d found what we were looking for.
Where else in the world can you own a beautiful beachside villa that pays for itself? These properties, which are a very healthy 27% under market value, require only 30% down, have AXA-backed security, and 70% LTV mortgages are available through an established Moroccan bank. Each comes with a 7% net rental guarantee that should cover your repayments for nine years; owning one of these villas should pretty much fund itself, while you sit back and enjoy the capital growth – and the sunshine.
Our previous Moroccan developments have been near thriving city locations, bustling Marrakech and historic Fez, but this one is quite a different prospect. Nearby Mirleft is a charming and relaxed fishing village. Its unique microclimate – protected from the desert heat by mountains to one side and cooled by ocean breezes from the other – makes it an exceptionally pleasant place to reside and gives year-round rental potential. Wonderful as it is just to kick back and relax here, there are a number of nearby attractions and it also offers activities including surfing, diving and deep-sea fishing. A gorgeous place to visit or to live, and a beautiful investment in more ways than one.
Already popular with local and foreign visitors, improving infrastructure means this delightful part of Morocco, which is just three-and-a-half hours fly-time from London, is attracting ever increasing international appeal, boosting capital growth, promising great returns, and making this the optimum time in the area’s economic cycle to be getting in.
This is a Gardens of Fedala development, and enjoys their unique benefits of an AXA-backed rental guarantee, making it a safe and highly attractive investment; the last such deal we offered, in Fez, was snapped up in weeks, and we’re sure this one will be just as popular. As well as being a great investment buy, you can stay at your villa for a fortnight’s holiday a year. Properties here have optional private pools and all the usual Gardens of Fedala extras such as an on-site health centre, bar and restaurant, and you even get free return flights for the first three years.
We have secured 80 of the 120 units on this site for exclusive sale to the UK market. They’re being sold on the French market as well, and we expect this great deal sell out very quickly, so get in quick – when they’re gone, they’re gone! So if you’d like to take advantage of this cracking deal and grab an under-market-value beachside villa, in a beautiful, sun-kissed, economically burgeoning corner of Morocco, read on.
Warm regards,
Alise and Jonty Crossick
Nine year, 7% net P.A. rental guarantee
Every villa comes with a 7% net rental guarantee for nine years, with an option to renew at the end of the term. This is secure; it is backed by AXA, the world’s second largest insurance company. It gives you a guaranteed income. The amount will of course depend on the price of the property you choose, but an average income of more than €1,000 a month can be expected, which, if you take the 70% mortgage option, should cover your payments.
27% under market value
There are very few direct comparables as Mirleft is at an early stage in its property development cycle. However, our research shows that our villas are an impressive 27% under market value – making a purchase here superb value for money in a market that is set to take off.
Great leveraging – 30% deposit
It is rare for foreigners to obtain financing in Morocco, but a respected local bank, BMCE, has agreed to provide Ready2invest buyers with 70% loan-to-value, full status financing. This should make this excellent deal affordable to many prospective investors, especially as there are no hidden extras – all taxes and fees are included, so aside from the Live Overseas legal fee and the 5% notary fee, the purchase price is all you pay. Please contact BMCE for more information.
Prime frontline beach location, mountain views
The development is situated perfectly between beach and mountains. As well as opportunities for watersports, fishing and diving, the sea provides a lovely cooling breeze. The mountains, aside from aesthetic beauty, provide protection from inland temperature extremes. This keeps conditions pleasant whatever the season, providing year-round rental potential. And as the resort will go right to the shore, nothing can be built in front so the sea views will never be lost.
Great location
The development is on an unspoilt strip of coast about 15 minutes’ drive from the charming fishing village of Mirleft; a regular free shuttle-service will operate from the resort. It is an hour from the airport and tourist resort of Agadir and close to the cultural, shopping and leisure amenities of Aglou Plage, Tiznit and Sidi Ifni.
Fully furnished
This is a turnkey development. All units come with furnishings, from white goods, to mirrors, all the way down to cutlery. This means villas are habitable from the day of completion.
On-site amenities
Designed to appeal to the whole family, the resort will have 24-hour security, a restaurant, bar and health centre that can offer medical assistance when required. You will have the option of buying a private pool (€9,850 for a 4.2m x 2.3m pool) and there are also several communal pools, a club-house and boutique hotel.
Plenty of perks
With its rental guarantee and splendid coastal location, this is already a superb deal. But as with other Gardens of Fedala developments, the developer is also throwing in a host of extras. Owners may stay at Mirleft or any of the other Gardens of Fedala developments around Morocco for two weeks a year, without charge and without affecting your rental guarantee. For the first three years, owners get free return flights and even free housekeeping during their stay. To help you enjoy your holiday, you also get a payment card charged with 10,000 dirhams (€900) to spend at any of the site’s amenities.
Perfect timing
Now really is the perfect time to be getting into Mirleft, at this early stage in its property cycle and at our great price point. Visitor numbers to this region have been increasing as more and more people fall for its exotic beauty, and the local tourist industry looks set to thrive. This should attract more investment in resorts and activities such as surfing and diving, which in turn will attract more visitors. So a cycle is in motion which should push property prices up and up.
Transferable benefits
Onwards sales prospects for villas at Mirleft should be very strong due to the rapidly growing tourist industry and the enduring popularity of beachfront property. As a further enhancement to prospective buyers, if you sell your villa at any time within nine years then all of the benefits, including the rental income, will pass to the new owner.
Location
“With its totally undeveloped beach and sandy main street, Mirleft is the perfect place to chill out… the gentle bustle soon becomes contagious.”
Lonely Planet
Morocco at a glance
Total area: 446,550 km2
Coastline: 1,835 km
Climate: Mediterranean; semi-desert
Time zone: GMT + 0
Population: 33,241,259 (July 2006 est.)
Religion: Muslim 98.7%, Christian 1.1%, Jewish 0.2%
Languages: Arabic (official), French, Berber
Government: Constitutional monarchy
Capital: Rabat
Currency: Moroccan dirham