Just a stone’s throw from the iconic Jemaa El Fna main square, and with car parking at the door, this 34 en suite bedroom Hostel Riad For Sale Marrakech is perfectly located. Full title deeds. Authorised guesthouse. Successful business. First time on the market! Hammam and massage room. Patio courtyard. Panoramic terrace. Just 1.5m Euros (£1.3m U$1.7m). Great value investment! Call +212658025028 or mail [email protected] for further information and to arrange a viewing. I look forward to hearing from you!
Have a look at the Hostel Riad on this short video:
From the bustling Medina street near to Jemaa El Fna, you enter the Riad Hostel through the reception area and into the main patio courtyard with it’s mature palm tree. There are en suite rooms set around the patio as well as the hammam and massage room. The first floor has most of the rooms – some of them quaint, most of them functional. There is a kitchen and a few rooms on the second floor. The Hostel Riad is sold with all it’s furniture.
There are two main terraces – a big terrace for breakfasts and evening meals under a pergola. And a high viewing terrace with good views over the Medina, including the Koutoubia Mosque, and the High Atlas Mountains beyond.
This successful business is running at about 60% occupancy, which is good and could be improved. Room rates are between 30 and 70 euros per night. That means there is a lot of money going through the business!
As a business investment this one is a winner. Great location. It’s got critical mass. Good turnover with room for improvement. Big returns in short time! It’s got on site parking. It is in good structural condition. So call me on +212658025028 or mail [email protected] to arrange a viewing. You will love it.
- Air Conditioning
- Central Location
- Easy Access
- Licenced Guesthouse
- Mountain View
- On Site Parking
- Panoramic Terrace
- Patio Courtyard