Homes Abroad the UK's leading guide to Holiday Homes Abroad

  • 6
  • Essouira
Price £234,793
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Property Description

59 Rue Kouet is an old, beautiful, original riad situated in the ancient walled medina of Essaouira , an old and unique sea port that lies on the Atlantic coast between Casablanca and Agadir in Morocco. It has 4 floors, the ground level has the entrance plus two boutiques, the first floor has 3 rooms plus kitchen, bathroom and separate toilet as does the second floor.

The top floor has one room with toilet and basin/washing area and access to the big terrace and upper smaller terrace. So there is a total of 7 living rooms plus 2 boutiques. It has a number of unique features that makes it a must to view for anyone wanting to invest in this region:

1. It is in good original state, the electricity and plumbing were totally re-done ten years ago. The original lay-out is untouched and the rooms have unusually good proportions for the medina, where a lot of riads can be claustrophobic with dark long narrow rooms. This riad has wider than normal, well proportioned, light rooms with a spacious first floor patio.

The original high ceilings are still in place along with a lot of other features, which gives the possibility for creating a house with soul, especially to your requrements, unlike the many riads in town which have been given the quick mass renovated look.

2. With some cosmetic work , it is possible to live in immediately. The present designer /owner has been living in it for the past 2 years.

3. It has two sunny roof terraces , one is large, which with the addition of a mezzanine area would give a view of the sea. The second top terrace is smaller and has a stunning view all over Essaouira, including a wonderful, constantly changing view of the Atlantic Ocean. A great place for watching the sun set!

4. On the street level it has two boutiques, that are presently occupied by a light shop and a weaver. Neither have fixed rental contracts, and know that the house is on the market. These boutiques give the possibility for rental income or your own business.

Essaouira, is an excellent place to invest. The Medina is small, so property there is limited and desirable. It is one of the 6 places that the king has earmarked for tourist investment. It has a beautiful surf beach, a bustling port with a myriad selection of fish available, luxury hotels and an array of restaurants It is a 2 1/2 -3hour drive from either Marrakech or Agadir.

It has its own airport with direct flights from Paris and Casablanca available and also an international level golf course. One of the advantages of Essaouira is its moderate climate - it neither gets very cold in winter nor extremely hot in summer. The surrounding countryside is very beautiful with fresh deserted beaches south and north.

The price is 295,000 euro. Owing to the pressure too many projects, the present English owner, Gillian Bailey has decided to sell this riad - she is happy to offer her own design ideas to future buyers . It is possible to make it a superb family home, or separate it into 3 separate flats, so income can be generated, obviously there are a number of possibilities. She may be contacted at millionyard@yahoo.co.uk. Her local representative Latifa ( English and French speaking ) can be contacted on +212672483773

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