Agadir Property - Les Jardins de Fedala
Les Jardins de Fedala, Agadir is the latest five star riad development near Mirleft, a charming and relaxed fishing village on Morocco’s picturesque Atlantic coast.
Where else in the world can you own a beautiful beachside villa that pays for itself? These properties,
which are a very healthy 27% under market value, require only 30% down, have AXA-backed security, and 70% LTV mortgages are available. Each comes with a 7% net rental
guarantee that should cover your repayments for nine years. Owning one of these villas should pretty much fund itself, while you sit back and enjoy the capital growth – and the sunshine. |
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Les Jardins de Fedala - The Area
The development is situated on the coast road between Aglou Plage and Mirleft, which is just 15 minutes drive away. These are just two of the many delightful settlements dotted along the hundreds of miles of pristine Atlantic coast that sweeps down from the tourist centre of Agadir, just north of the Western Sahara. The area’s laid-back charm has attracted a steady
stream of visitors for decades (it was a highlight of the hippy trail in
the 60s and 70s, with Jimi Hendrix and the Rolling Stones among the
more celebrated of those who reputedly came here to chill out) and it
remains as appealing as ever.
Mirleft
Mirleft is a gently bustling fishing village, unassuming and friendly.
It has long been popular with musicians and artists, and there are few
visitors who could not be charmed by it. In the evening you can dine
in restaurants serving up barbecued fish fresh from the day’s catch,
and in the daytime its peaceful sandy beach and warm waters offer
numerous activities including diving, surfing, fishing or just getting
away from it all.
Aglou Plage
Within half an hour or so of Mirleft is this local tourist favourite.
Its golden sands are a perennial attraction and it is also noted for its
excellent surfing conditions and fabulous seafront dining. It makes for
a lovely day trip from the resort.
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The Development
On a gently-rising hillside overlooking the ebb and flow of the Atlantic
sits the Gardens of Fedala development. The resort’s unrivalled shoreside
position gives stunning views both of the ocean to the front and
the mountains ranges behind. It’s the sort of place prospective buyers
and holidaymakers visit then fall in love with.
  
Amenities
The feel of this Mirleft development will be easy-going, intimate and
safe. A small boutique hotel and club-house will be the heart of the
site, with a large shared pool, hammam (communal bathhouse) and
restaurant adding colour and enhancing the feel of community.
The health centre, with on-site doctors and nurses, offers excellent
primary care. 24/7 security will give you additional peace of mind.
This will be a family-friendly resort that all generations can enjoy.
The Villas
There will be 120 villas, built to the highest standard, of which we
have secured 80 for sale in the UK – although these are available to the
French market as well, so we expect them to sell fast. There will be a
choice of 2-bed villas with outdoor patio space, or 3-bed villas spread
over two floors, also with patio space and with a roof terrace. All can be
bought with an optional 4.2 x 2.3 metre private pool.
Approaching your villa, you will pass through landscaped gardens of
lawns and rose beds. The whitewashed walls, arches and architectural
detailing will be very much in keeping with Morocco’s finest homes,
giving the development a thoroughly authentic feel.
As you pass through the low garden gate you’ll notice, in the corner
of your terrace, a small fountain decorated with zellige – traditional
Moroccan mosaic. This outside space and its barbecue area have been
arranged in such a way as to give you relaxed privacy.
There is a loggia, a room open to the terrace, off your living room –
a great place to enjoy the warmth out of the heat of the sun.
Inside, the villa is decorated in a Moroccan style and kitted-out with
high-quality furnishings that complement their surroundings.
The combination of its unique location and high-end finishings means
the demand for these properties can be expected to remain very high in
the future and potentially strong onward sales can be anticipated.
  
Villa Dayas
2 bed villas
Net build area 104m2
Balconies and terraces 47m2
Prices from £103,000 |
Villa Doukala
3 bed villas
Net build area 130m2
Balconies and terraces 84m2
Prices from £117,000 |
Les Jardins de Fedala, Agadir is due for completion in June 2009.
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The Deal
- Nine year, 7% net p.a. rental guarantee - Every villa comes with a 7% net rental guarantee for nine years, with an option to renew at the end of the term. This is secure - it is backed by AXA, the world’s second largest insurance company. It gives you a guaranteed income. The amount will of course depend on the price of the property you choose, but an average income of more than €1,000 a month can be expected, which, if you take the 70% mortgage option, should cover your payments.
- 27% under market value - There are very few direct comparables as Mirleft is at an early stage in its property development cycle. However, our research shows that our villas are an impressive 27% under market value – making a purchase here superb value for money in a market that is set to take off.
- Great leveraging – 30% deposit. It is rare for foreigners to obtain financing in Morocco, but we are able to offer our buyers 70% loan-to-value, full status financing. This should make this excellent deal affordable to many prospective investors, especially as there are no hidden extras – all taxes and fees are included, so aside from the Live Overseas legal fee and the 6.6% notary fee, the purchase price is all you pay. Please contact us for more information.
- Prime frontline beach location & mountain views - The development is situated perfectly between beach and mountains. As well as opportunities for watersports, fishing and diving, the sea provides a lovely cooling breeze. The mountains, aside from aesthetic beauty, provide protection from inland temperature extremes. This keeps conditions pleasant whatever the season, providing year-round rental potential. And as the resort will go right to the shore, nothing can be built in front so the sea views will never be lost.
- Great location - The development is on an unspoilt strip of coast about 15 minutes’ drive from the charming fishing village of Mirleft. A regular free shuttle service will operate from the resort. It is an hour from the airport and tourist resort of Agadir and close to the cultural, shopping and leisure amenities of Aglou Plage, Tiznit and Sidi Ifni.
- Fully furnished - This is a turn key development. All units come with furnishings, from white goods, to mirrors, all the way down to cutlery. This means villas are habitable from the day of completion.
- On-site amenities - Designed to appeal to the whole family, the resort will have 24-hour security, a restaurant, bar and health centre that can offer medical assistance when required. You will have the option of buying a private pool (€9,850 for a 4.2m x 2.3m pool) and there are also several communal pools, a club-house and boutique hotel.
- Plenty of perks - With its rental guarantee and splendid coastal location, this is already a superb deal. But as with other Gardens of Fedala developments, the developer is also throwing in a host of extras. Owners may stay at Mirleft or any of the other Gardens of Fedala developments around Morocco for two weeks a year, without charge and without affecting your rental guarantee. For the first three years, owners get free return flights and even free housekeeping during their stay. To help you enjoy your holiday, you also get a payment card charged with 10,000 dirhams (€900) to spend at any of the site’s amenities.
- Perfect timing - Now really is the perfect time to be getting into Mirleft, at this early stage in its property cycle and at our great price point. Visitor numbers to this region have been increasing as more and more people fall for its exotic beauty, and the local tourist industry looks set to thrive. This should attract more investment in resorts and activities such as surfing and diving, which in turn will attract more visitors. So a cycle is in motion which should push property prices up and up.
- Transferable benefits - Onwards sales prospects for villas at Mirleft should be very strong due to the rapidly growing tourist industry and the enduring popularity of beachfront property. As a further enhancement to prospective buyers, if you sell your villa at any time within nine years then all of the benefits, including the rental income, will pass to the new owner.
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We also have a similar development with the same great deal in Marrakech - click here to find out more
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