Property for sale in Paradise Golf & Beach Resort, Asilah - Tangiers

£79,000

The PARADISE GOLF & BEACH RESORT is going to be one of the most prestigious developments in Northern Morocco . Construction is well under way and is scheduled to complete in May 2010.

Details of the Apartment and the current agent prices – which is located in section C Block 3A No 1 – can be found on the Agents web site at www.prestigepropertiesoverseas.com . or a copy of the details can be sent.

*This is a resale property with the present owners of the contract having paid approximately 40% of the purchase price with the remaining balance due on completion.

A sale of the contract would be achieved by the purchaser buying the part paid contract from the owners on payment of the portion already paid (£30,000) – this is not negotiable.

The Agents for the development – Prestige Properties Overseas - would then administer the legalities of drawing up a contract for the new purchaser (3,000 euros).

The balance due on completion is 607,087 Dirhams which is approx. £49,000 (at an exchange rate of 12.43 Dh/£).

Closing costs of approximately 5% of the purchase price cover Notary's fees to register the title deeds with the land registry, Notary's tax, Land tax, and Stamp duty.

The above price is based on that quoted on this contract, which was purchased at the start of the project. The price on the Agents leaflet attached, issued about a year ago, is considerably higher than this and at the current exchange rate is approximately £98,000.

The present owners of the contract can be contacted by telephone or e mail:

Telephone: uk 01935 413366

email: (please type into your email program)