This vast and ancient medina property is a landmark riad in Marrakech – situated right next to the main central square – La Place Jemaa el Fna.
It is a whopping 600m2 and is an old palace that was converted in the late eighties into a fifteen bedroom hotel.
It is one of the most successful and oldest hotels in the medina – and boasts a wonderful business / income.
It would certainly make for a interesting and viable medina property investment.
The property is a grand and elegant riad – built with wonderful proportions – designed in an old school decorative Moroccan architectural style.
It’s rooms are spread around the central patio with its leafy garden, fountain and covered seating.
At present the riad boasts on the ground floor an entrance hall, a grand salon, a conservatory / lounge, a laundry room, a plant room, a communal loo, an office, kitchen, two suites and a guardian room. On the first floor are a mix of suites and bedrooms, an open lounge and terracing. Then on the roof terrace is a bar, a solarium and the pool.
Further details upon request from the exclusive medina property agents – Chic Marrakech.
The price is 1.6m €.