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Property Details:

Property ID: 24838725

Price: £3,775,778

Property Location: Morocco, Marrakech-Tensift-Al Haouz, Marrakech, Marrakesh

Investment Type: Property Investment

Type of Property:

  • Development Land
  • Development Land

Located between Marrakech’s ancient district, Medina and the modern district, Gueliz this land plot is an ideal development location. Bab Dukala is a significant regeneration area in Marrakech and the plot’s size is well above average for this district.

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Medina Land Plot

Description

OPPORTUNITY        

Located between Marrakech's ancient old town (The Medina) and the modern district of Gueliz, this plot is an ideal location for both residential and tourist development. Situated next to one of the main doors (Bab) into the Medina. Bab Dukala is a significant regeneration area in Marrakech. The land is near to the main transport hub for Marrakech, making approved planning for a boutique hotel an ideal use, however this land presents many possibilities for healthy growth on investment.

 

LAND DESCRIPTION

Square plot easily accessible via a main street and it is entirely level with no gradient. All basic utilities are connected, water, electricity and drainage. The plot is adjacent to the 'The Ramparts', the ancient wall that encircles the entire ancient Medina, adding further to the authenticity of this unique plot.

 

PLANNING STATUS

Planning permission has been granted to build a boutique hotel on the land, which it is certainly suited to given it is located near to the main bus and taxi stations that serve as a main transport hub in Marrakech. The area is due to undergo major regeneration so a large-scale residential project could be another option as the planning authorities are open to other possibilities.

 

OWNERSHIP BACKGROUND

Currently owned by a private individual with representation in Marrakech.

 

DEAL INFORMATION

To be confirmed, please enquire for further details.

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