Morocco Property: The Stunning Off plan Tanger Boulevard

March 23, 2008 - PRLog -- Tanger Boulevard is a unique opportunity to invest in a city/beach lifestyle resort in Tangier. The development consists of 35.713 m2 of residential area arranged over two buildings. In total there are 419 specifically designed apartments and penthouses as well as 8,000 m2 of commercial space and 517 parking spaces. All units will be developed to high quality finishes whilst still keeping part of the Moroccan charm.

The development consists of a range of 1, 2 and 3 bedroom apartments and penthouses with quality finishes and a Moroccan flavour. The properties sit in a privileged situation overlooking the Mediterranean Ocean

The Developer is a Spanish architecture, engineering and construction company and has developed projects in more than 30 countries. They have been active in Morocco with a series of retail centres, golf course project, public buildings, residential projects and two of the best known leisure and commercial developments in Tangier.

Prices range from £60,000 - £100,000 and the development is currently priced at 15%-20% below other developments in the city of similar quality. There is also the option to purchase parking spaces which are very limited in the centre of Tangier.

Location

Tanger Boulevard is conveniently situated within the city of Tangier and in close proximity to the new Tangier port and marina offering shops, boutiques, bars and restaurants and is only a 5 minute walk to the beach

Key Reasons to Invest

At present Tangiers is one of the best short to medium term investment hot spots in Morocco.
The development is being constructed in a prime position, a short distance between the beach, marina and various other amenities.
Owners will have access to an on site swimming pool, gymnasium and underground parking.
The complex has a good mixture of both residential and commercial space which will be occupied by designer brands and corporate businesses.
The whole area will be landscaped.
Prices are currently around 20% below current market value, but are due to increase over the next two weeks.
Completion is set for 2010 and mortgages are available at 70% LTV
Payment Terms

£2875 reservation deposit (45,000 MAD)
£1175 admin fee (including VAT)
20% on signing of contracts (less the deposit)
10% within the first 12 months
70% on completion - June 2010

Would you like to know more informations? please feel free to contact us.
Visit our website http://www.myasilah.com and send us an email with your enquiry.

Website: www.myasilah.com