Commercial Building/Apartment Block/Student Accommodation: Fez, Morocco
- Price:Was 425,000.00€
- Property Type:Commercial
- Gross Floor Area:450.00m²
- Total Build:1,350m²
- Status:For Sale
- Listing Type:Resale
Residential/Student or workers Accommodation
Residential Accommodation/Apartment Block/Student accommodation near to Fez city centre, Medina and Universities.
This is an opportunity to acquire a building with an excellent opportunity for investors to purchase a semi-detached traditional house presently divided into studios and apartments, some already semi-reformed complete with on-suite toilets being rented out to students and others. Alternatively, as the property has outline permission for a new 4 story building, a brand new building could be constructed where there could be up to 30+ studios measuring approximately 12-20M2 or 18+ apartments measuring approximately 65M2, plus a commercial area on the ground floor and underground parking..
It is anticipated that the apartment block will be supplemented with a cafeteria plus shops and parking on the ground floor catering for all needs of the occupants.
As a footnote, a similar property of the same size owned by a member of the same family situated just 75Mts from this property on the other side of the road is also available and which has the same building permissions for a new build, and is priced the same at 395000€.
Final price accepted will be subject to our fees of 3.5% net of VAT.
Please contact us for more information and viewing.
Tel: UK: +44 1494 814444 / SP: +34 680137429