This is a very rare medina redevelopment opportunity in the very centre of Marrakech.
Sites of this size in Marrakech are extremely hard to come by – to say the least.
At present on site are the structural works, the new shell and the installation for a top end twenty two suite hotel.
The site is in total 1,070m2 on the ground.
The existing site as a build project – with over a year of work – offers uniquely 2,636m2 of surface space set over the lower ground, ground floor, first floor, second floor and terrace levels.
Nowhere in Marrakech has authorisation for this type of multi storey build except here. Building regs only permit medina construction in a riad on the ground floor, first floor and with a roof terrace level but with no solid construction on it.
Here the hotel project has been built and authorised on the lower ground floor and a second floor – plus with suites and pooling on the terrace too.
It therefore has fully authorised and built – five floors.
The site is situated in an absolute prime location on Riad Zeitoun – right bang next to the Square – and boasts almost immediate parking, and car and bus access.
Please note that the current project authorisation allows for any individual changes.
It is worth noting that the owner spent a year on the construction work and stopped the build for personal reasons.
The price has been reduced to 1.4m €.