Entire Building for Sale

Entire building for sale in a lively neighborhood of Guéliz Located at the heart of Guéliz, close to Montecristo, this building offers a unique investment opportunity in a rapidly developing area, with many restaurants and ongoing real estate projects. Key characteristics : • 21 apartments (total surface area: 1,000 m², with an average of 40 to 45 m² per apartment) • Price per m² in current state: 19,000 Dhs • Cost per m² after renovations: 28,000 – 30,000 dirhams • Estimated annual rental income: 4,000,000 – 4,500,000 dirhams • 6 commercial shops (total surface area: 240 m²) • Price per m²: 35,000 – 45,000 dirhams • Estimated annual rental income: 1,200,000 – 1,680,000 dirhams • 290 m² basement (for sale or rent – suitable for a gym, spa, or other activity) Advantages : • Prime location in a lively alleyway and rapidly developing area in Guéliz • Two facades facing distinct streets, ensuring maximum visibility • All apartments have a street view (no courtyard or wall views) • Reduced surfaces, resulting in high value per m² and ease of resale • Possibility of operating the building as an Appart'Hôtel with 21 units and 6 shops The apartments are the most profitable rental product in Marrakech, with an occupancy rate of 80–90% for 1-bedroom apartments and an average nightly tariff of 70. A potential annual income of around 500,000 per year.