Sunset Resort

2 bedroom 1 bathroom from €77,695 1 bedroom Penthouse from €95,330 3 bedroom Penthouse from €209,785 Located just 20 minutes drive south of Tangier International Airport. Stunning views, Beach just 200 meters away. 18-24 month completion time. Perfect for a rental income.

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Sunset Resort

Morocco is a kingdom and his Highness King Mohamed VI has indicated that one of the principal economic sectors he wishes to promote in Morocco is tourism. His aim is to have 10 million tourists annually visit Morocco by 2010.

This ambitious project which includes hotel and road construction, improvement of infrastructure etc. will inevitably have a significant effect on property prices in prime tourist areas. Purchasers at the SUNSET RESORT with its ocean view location plus its proximity to Tangiers, the Airport and a charming Moroccan fishing village will benefit considerably in terms of escalating property prices as the tourist boom filters through the economy.

A 'Mediterranean type climate and lifestyle', less than 3 hours flying time from the UK or Ireland and with property prices a fraction of those in nearby Spain (just 9 miles away) - it’s difficult to see how those with investment in mind can go wrong here!!

Those looking for rental income won’t be disappointed. High season rates in Northern Morocco often reach 150€ per night. The Moroccan Government are keen to encourage foreign property owners. Excellent tax advantages are already in place and a raft of new legislation due in 2007 is expected to further enhance these fiscal benefits.

Those looking for rental income won’t be disappointed. High season rates often reach £100 per night.

The Moroccan government is keen to encourage foreign property owners and offer the following incentives to purchasers.

No rental tax for the 1st 5 years of ownership
No capital gains tax if the profit is below £40,000 - 20% thereafter.
After 10 years ownership capital gains tax is nil.
No inheritance tax if property passes to a family member.
Full repatriation of funds if a property is sold.


Features:

• Accessed by the main coastal road linking Asilah to Tangier
• Direct access to the beach
• Park-like areas, lawns, palm trees and flower borders
• Private gated community
• Numerous resident’s swimming pools
• Tennis courts
• Sunbathing areas
• Park and children's play area
• 18 hole Royal Tangier Golf Course 30 minutes away
• Further Golf Courses, Marinas, Hotels and residential developments
• 20 minutes to the airport of Tangier
• 30 minutes to Tangier Centre and Port
• 10 minutes to fishing village of Asilah
• 10 minutes from the Club Tanger de Tiro.

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Sunset Resort Apartments - Payment Schedule

EXAMPLE OF PAYMENT - 2 BED / 1 BATH APARTMENT - €77,695

The purchaser has this option when purchasing a property at Sunset Resort

Option 1

Reservation / Holding Deposit … … … … … … … …€1,500 plus €750 handling charge.
Agency Fee… … … … … … … … … … … … … …€4,640 two weeks later.
The remaining balance of 50% by Mortgage … … … €38,829.

At Completion take advantage of a 50% pre-arranged low cost mortgage.

Note - Please check Finance/Extras for any finishing costs.

Example - Example - 2 bed Apartment - From €77,695.00

To make your reservation you will need a HOLDING DEPOSIT of €1,500.00 Plus a Handling Charge of €750.00 4 weeks later you will need to pay the following:

Apartments in Asilah EUR GBP Agency Fees 4,640.00 approx 3,056.83 The balance of the 50% Deposit 37,329.00 approx 25,700.00 The remaining balance of 50% by low interest Mortgage 38,829.00 approx 26,770.00

REPAYMENTS approx 320.00 GBP per month (No Mortgage repayments necessary until the Title Deeds are signed and you take possession of your property).

The Mortgage

A mortgage of 50% has already been agreed by a leading Bank. Proof of income is required. e.g. A P60 if you are employed or last year’s Tax Return for self-employed persons.

Notes:

THIS DOCUMENT HAS NO CONTRACTUAL VALUE