Royal Moroc Sports and Leisure Club, Morocco

Royal Moroc Sports and Leisure Club, Morocco

As a pre-launch deal, the developer is currently offering investors the following incentive on a limited number of plots:-

• Investor can purchase with only a 15% deposit
• Followed by a mortgage on completion (STS) - mortgage are likely to be via a Spanish mortgage (currently running at around 4.5%), unless something more favourable is available at the time of completion.
• Early bird 15% deposit paid by the developers
• Rental guarantee of between 3, 5 or 10 years (to be confirmed)
• The rental guarantee will be in the region of 5% to 10% net (to be confirmed)

Approximate price guides
1 bedroom apartment from          €85,000
2 bedroom apartment                 €140,000 to €300,000
3 bedroom apartment                 €190,000 to €350,000
3 bedroom villa from                   €375,000
4 bedroom villa from                   €450,000
5 bedroom villa from                   €495,000

As the Royal Moroc Sports and Leisure Club development is pre-launch, investors are required to pay a £1,000 fully refundable reservation fee to register their interest and qualify for the above incentives. The reservations fee is fully refundable over the next 2-4 weeks when full property lists, plans and prices will be released. When the plans are available, the properties will be assigned on a first come, first served basis and investors will be able to decide which actual property they wish to purchase. A contract will then be issued and the 15% deposit will become due 30 days after that.

All reservation fees will be held in a solicitor's client account until contracts are signed and deposits are paid. A letter confirming receipt of reservation fee and where it is held will be sent to each investor within one week of receipt of payment.

This project offers a 30% deposit, plus 70% mortgage on completion with no staggered payments. However, for a limited period only, this offer slashes the deposit in half - this means that the deposit required is 15% of the full sales price and the balance 15% will be paid by the developer. Reservations must be in within the next 2 weeks to take advantage of this offer.

Key facts

• Deposit 15% (Balance 15% gifted by developer)
• Unit types Apartments and villas

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