Reference RR79

This is a very interesting 145m2 renovated riad situated in an absolute prime location.

It is a true 19th century riad and has retained much of its original charm.

It is located in close proximity to the main square – La Place Jeema el Fna – on Riad Zeitoun right bang next to many of the main tourist spots such as the Museum Dar Si Said, Maison Tiskiwin and the Bahia and Badia Palaces.

It is only a four bedroom guest house, but the utterly charming owner has steadily built up over many years a solid business that brings in a very respectable income.

It is in fact a very tidy business indeed and has lots of potential.

The style is old school and unfussy, in a homely fashion and there are some lovely decorative features – in particular in and around the courtyard with its wealth of traditional Moroccan architectural details.

The hotel is nearly always full and the owner is looking to sell the full enterprise at it is.

The property is a tall elegant old riad that the owner restored. During the restoration – he added an extra floor on the original roof terrace – then an upper terrace too – so unusually there are three floors, and an elevated upper terrace that benefits from enviable panoramic views across the historic neighbour, and ancient Marrakech.

At present the riad boasts on the ground floor an entrance hall, a patio with a decorative fountain, a salon / library with a hand painted Zouaki ceiling, a dining room, a fully fitted kitchen, a second salon and a communal lavatory. On the first floor there is an open salon and two bedrooms with en-suite bathrooms. Then on the second floor there is the lower roof terrace and two further rooms plus access up to the upper terrace with a fabulous seating area with stunning views.

The house is being sold furnished.

It is worth noting that the property is only 100 meters from 24/7 parking.

The asking price is 385,000 €.