Playa Vista in Tamrabet
GOOD THINGS COME TO THOSE WHO WAIT
Never a truer word spoken for those lucky purchasers at Morocco’s Playa Vista development.
The work has started and is being carried out by STAM, the largest site contractors in Morocco. STAM will be drawing on years of expertise in the construction industry to ensure that the site progresses on schedule and that the high quality of construction will boost the value of purchasers’ properties. Playa Vista has already caused a stir amongst savvy investors and lifestyle purchasers due to its strategic hillside location.
The project is FRONT LINE BEACH, guaranteeing lifetime ocean views for most properties. On site facilities will include top class restaurants, bars, boutiques, shops and sports facilities. The true highlight of the Playa Vista development will be its private marina, an ambitious feat of engineering which will further raise the development’s profile and value. Purchasers will surely enjoy the breathtaking views, evening quayside strolls and those long, lazy days spent basking in the sunshine at Playa Vista’s secluded beach.
The only question is, have you bought YOUR slice of paradise yet? Type: Off-Plan Property Beds: 1 - Baths: 1 - Terraces: 1 Surface: 42 m² - Terraces Surface: 5 m²
Where is Playa Vista Located?
Mediterranean Coast – Tamrabet, 25 minutes from Tetouan city centre and airport
What are the size ranges?
42 m2?- 65 m2? including terraces with additional terraces and solariums on select units
What sort of views can I expect?
All apartments have unobstructed sea views of the Mediterranean
When can I expect Playa Vista to be completed?
Estimated between summer and autumn 2008 for 1st Phase, the 2nd, and 3rd phases should be completed approximately 6 months after the previous phases
What are the payment terms for purchasing?
Fully Refundable Holding Deposit £2,000 Signed Contract: 40% deposit and £2,000 Purchase Administration Fee Completion: 60% balance and approximately 5.5% closing fees.
How many apartments/houses are on this development?
Around 900 apartments at Playa Vista – 300 not yet released
What kind of rental management will be in place after the first year?
Owner may utilize the services of the agency of their choice. We recommend our partner Vista Rent.
How close is this to the airport?
30 minutes to Tetouan Airport
How long to walk to the beach?
Frontline development – depends where apartment is located - 5 – 10 minute walk
When will the planned motorway that you mention be completed?
Building is in process right now
What building guarantees are in place with this development?
No bank guarentee – there is a Corporate Guarentee in place for the project. Playa Vista in Morocco is the sole owner of the land on which the resort will be built. The land is owned outright, consequently, there is no debt.
REPATRIATION OF FOREIGN CAPITAL:
All foreign capital investments and profit are freely repatriated out of Morocco. The process works as follows: All clients will need to keep on file the documentation and proof of transfer from abroad. Once a client sells a property, the notary can then assist clients in processing the necessary paperwork for clients wanting to repatriate funds.
PLAYA VISTA STRENGTHS:
The land at Playa Vista is owned outright. The Playa Vista developers have no outstanding debt. Playa Vista received detailed planning permission on the 11th of July 2006. The project is so strong financially that it is unlikely that any bank loans will be necessary. If bank loans become necessary numerous banks have already expressed interest in our development. The governor of Tetouan has assisted Playa Vista in moving the project through the various administrative steps needed to have the project approved and with detailed planning permission.
Prices:
One Bedroom Apartments from 135,590 euros
Two Bedroom Apartments from 75,410 euros
** Inspection Trips Available
Disclaimer: Property details, prices and availability are supplied by the developer or the agent and are subject to change. findaplaceoverseas.com cannot be held responsible for any inaccuracies.
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