Reference RR102

This beautifully positioned 200m2 medina riad is a very successful riad.

It was restored lovingly ten years ago and since then has had – year on year – an average occupancy of 60% – partially because it is linked with some excellent rental agencies, and also because it is quite beautiful, it is well run and it is well staffed.

The property is brilliantly positioned on a private alleyway in Moussaine and is situated in – for me – the best spot in the Medina.

It is a fully classified guest house with four bedrooms – including one massive suite and has the potential for a further two bedrooms.

There are unusually lots of communal spaces and communal rooms – including three salons – which is a definite luxury and a real differentiation, but some of these salons could be converted into additional bedrooms if required.

Therefore the property offers flexibility.

It is decorated and furnished to a high standard throughout, in a sympathetic mix of traditional and modern Moroccan architectural designs.

The riad currently benefits from on the ground floor a windy entrance hall, a communal loo, an open salon, an office with guardian’s quarters, a large patio with a proper pool and dining space, a dedicated dining room and a salon. On the first floor is an open salon, an enormous suite and three proper bedrooms. Then on the roof terrace is storage, sunbathing space and covered seating / dining in a pergola.

The business is being sold as an ongoing concern.

The price has dropped to 4m dhs