Commercial Building/Apartment Block/Student Accommodation

Description

Residential Accommodation/Apartment Block/Student accommodation near to Fez city centre, Medina and Universities.

This is an opportunity to acquire a building with an excellent opportunity for investors to purchase a semi-detached traditional house presently divided into studios and apartments, some already semi-reformed complete with on-suite toilets being rented out to students and others. Alternatively, as the property has outline permission for a new 4 story building, a brand new building could be constructed where there could be up to 30+ studios measuring approximately 12-20M2 or 18+ apartments measuring approximately 65M2, plus a commercial area on the ground floor and underground parking..

It is anticipated that the apartment block will be supplemented with a cafeteria plus shops and parking on the ground floor catering for all needs of the occupants.

As a footnote, a similar property of the same size owned by a member of the same family situated just 75Mts from this property on the other side of the road is also available and which has the same building permissions for a new build, and is priced the same at 395000€.

Final price accepted may be subject to our fees of 5.0% net of VAT. (Paid by buyer unless paid by seller)