Reference RR299

This ancient 500m2 renovated riad is one of the old classic medina riad hotels.

It is a sprawling medina property split between two patios and is currently being extended from eighteen to twenty one bedrooms.

There are very few medina properties with this sort of capacity – which makes it an unusual and interesting medina real estate opportunity – and it often caters for tourist groups and tour operators.

This Marrakech riad is enviably situated in the medina in a prime and accessible spot – in close proximity to the main square – La Place Jemaa el Fna – with immediate car access and car parking.

The property is designed in a traditional Moroccan architectural style – with its main courtyard boasting some lovely plasterwork and a decorative first floor wooden balcony.

It is overall modelled in an old school decor and the hotel offers well priced and affordable rooms.

It is worth noting that the property includes a current 100m2 expansion – that is going to create three extra rooms on the first floor, a grand new entrance and a spa in the basement. In addition the owner has the site next door for sale too – that already has planning permission for an extra eight bedrooms.

There is currently a 65 % occupancy and the business pulls in circa 360,000 € p.a.

At present the riad boasts on the ground floor an entrance hall, a kitchen, a guest loo, an office, a salon, a patio with a central fountain, a rear patio, a service area, storage, and four bedrooms. On the first floor is a douirya with its own lounge and the remaining bedrooms. Then on the roof terrace is a new pool and service areas.

Further details upon request from the exclusive medina property agents – Chic Marrakech.