Reference RR268

This is such a beautiful and well presented 200m2 boutique medina hotel.

The property has been meticulously designed and is such a wonderful offering.

It boasts a sumptuous and elegant oriental style – with its gentle Moroccan architecture.

The riad is a successful eight bedroom licensed guest house and has traded for many years. It therefore is an established business and an interesting investment opportunity.

The riad was restored to the highest standard and offers its guests comfortable and affordable luxurious accommodation.

The property is brilliantly located right next to the square and has immediate car access and a drop of taxi point for clients – which is a real plus.

It is built between two patios – it boasts its own pool and spa – it has a wonderful rooftop lounge – and upper terrace and open dining area with sweeping views across Dar Bacha.

At present the riad boasts on the ground floor an entrance hall, a patio with a pool and open lounge, two bedrooms and a second patio with a lounge and a spa. On the first floor are four bedrooms. Then on the second floor is a lounge, a kitchen, an open lounge, a tented salon, two bedrooms and an upper terrace with dining.

The asking price is 500,000 €.

It is worth noting that the owner would like to sell and retain the running of the riad with a five year management contract – offering a fixed 7% annual rental payment.