This Riad, located in the sought-after district of Mouassine within the Marrakech Médina, presents a unique investment opportunity. Situated at a prominent street corner, this property boasts a plot surface of 118 square meters. The Riad is currently in a state requiring complete renovation, making it a perfect blank canvas for creating a bespoke residence or a lucrative rental property with the potential for 4 to 6 suites and an included pool.
The property's location is unrivaled, just steps away from the vibrant souks and only a short 5-minute walk to the renowned Jemaa El Fna square and other major tourist attractions. Its proximity to Dar El Bacha, accessible by car within 5 minutes, further enhances its appeal, offering convenience in one of the city’s most vibrant neighborhoods.
Despite its current condition requiring refurbishment, the Riad's legal status is secured with a titled deed, ensuring a smooth acquisition process. This investment is ideal for anyone looking to create a personalized pied-à-terre in the heart of Marrakech, with guaranteed profitability due to its prime location. Additionally, the nearby amenities, including restaurants and artisan shops, contribute to the property’s allure.
The courtyard images reveal the Riad's condition, showcasing the significant renovation potential. The structural elements are clearly visible, allowing for ample imagination when considering reconstruction possibilities. This opportunity is perfect for investors ready to develop a signature property in the iconic heart of Marrakech.
Type of property
Riad
Plot surface
118m²
Condition
To renovate
Number of floors
1
Garden