Real Estate for Sale: Fes, Morocco, Commercial Property Share in Fes Medina - 8 Derb Elaamer Zkak Ramaan

Asking Price: $30,000
Location: 8 Derb Elaamer Zkak Ramaan
City: Fes Medina
State/Province: Fes
Country: Morocco
Type: Commerical

Moroccan Commercial Property Share
Here in Fes, one of Morocco’s prime tourist locations, within the walls of the old Medina but with easy access to parking (three minute walk away) and two five star hotels we have a vacant commercial property consisting of some useable 540 sq meters on two floors.
The property is unique in the medina being fully detached and opening onto one of the main streets close to one of the major gates giving access to the old medina.
The property lends itself to many uses but is in need of some renovation, the costs of which will be shared by the purchaser and present owner.
The centauries old property was originally a purpose built olive oil producing factory constructed underneath a dwelling house or “dar.”
Presently the gallery style property consists of 12 typical “medina shop units” approximately 2x2.5 meters on two floors, a further three self contained units of larger proportions, a ground floor entrance hall leading to a large open space connecting all ground floor units. To the ground floor rear of the property a large room with stairs leading to the first floor and opening into a further large room at the rear of the property benefiting from numerous windows; and a further first floor open space connecting with the first floor “medina shop units” all with windows to the front elevation.
The proposed shares in the commercial property to be 50%, business to be determined by the buyer with discussion with the owner who has local business knowledge.
Purchase price £30,000 and renovation required approximately £20,000 to be shared.
Contact details:farah.craven@gmail.com
+447821684877 +21272841087

E-Mail: farah.craven@gmail.com