| * Stunning location
* A fantastic investment opportunity not to be missed
* Perfect for yacht owners
* Marina close by with sailing facilities
* Private shuttle bus to the prestigious Cabo Negro Golf Course
*Guaranteed sea views
*Fly UK to Morocco in 2.5 hours
*Tetouan Airport only 30 minutes away
*Nine miles from Spain
*Fitness club
*Onsite bars, restaurant and supermarket
*Private beach and marina
PAYMENT TERMS:
OPTION 1:
Stage Payment Plan:
£2,000 Reservation Deposit
20% (Less Reservation Deposit) 28 Days Later
20% 6 months later
60% On Completion
OPTION 2:
Property price discounted by 5%
£2,000 Reservation Deposit
95% of property price(Less Reservation Deposit)payable after 28 days
OPTION 3:
Standard Payment terms:
£2,000 Reservation Deposit
40% (Less Reservation Deposit) 28 Days Later
60% on completion
NB: ALL PROPERTIES ARE SOLD IN DIRHAMS. THE EURO PRICE IS A GUIDE ONLY AS EXCHANGE RATES CAN VARY!
FREQUENTLY ASKED QUESTIONS:
Where is Playa Vista Located?
Mediterranean Coast – Tamrabet, 25 minutes from Tetouan city center and airport
What are the size ranges?
42 m2- 65 m2 including terraces with additional terraces & 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 3,000€ Signed Contract: 40% deposit and £2,700€ 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
Parking Spaces: At least one parking space per living unit.
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 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 Vista Rent.
What building guarantee's are in place with this development?
No bank guarantee – there is a Corporate Guarantee 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.
CORPORATE DEFINITIONS:
Playa Vista Developments Ltd is an international wholesale marketing company focused on frontline vacation properties. Playa Vista Primera Sarl is a Moroccan development company that owns the land of Playa Vista and has been granted permission to build and is constructing the properties. Compass Properties Sarl is a retail marketing company focused on sales in the Moroccan market and administrating viewing trips on behalf of Compass Property Group Inc.
CURRENCY FLUCTUATIONS- DID THEPRICE OF THE APARTMENT INCREASE?
This is a concern that some clients have expressed. Firstly it is crucial to understand that all properties are purchased in MOROCCAN DIRHAMS NOT STERLING;
We only use a Sterling equivalent/Euro as a guideline and it is possible for the Pound/€ to fluctuate against the Dirham. The price in dirhams has never changed and it will never change.
We have intentionally used a conservative exchange rate calculation of 15.7 Dhirhams (MAD) to Pounds Sterling (GBP) for the holding deposit. This is done in order to protect clients from potential fluctuations that could leave clients with insufficient funding for reservation deposits.
Although this will result in a slightly higher payment for the Reservation Deposit, please note that this payment is made in the form of a "deposit" and, as such, it is credited to the purchaser's account.
We have used the exchange rate of the day of contract in the past only to find that the exchange rate changed when the deposit hit Morocco which left the client with insufficient funds to complete the reservation deposit.
Again the important thing to note is that the price is fixed in stone and any additional money paid with the reservation deposit is credited to the completion.
We utilize the same system with all of the developments that we sell in Morocco.
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 the 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.
THE TEAM CIVIL ENGINEERING GROUP:
SCET-SCOM is the country’s largest civil engineering group. They have around 300 employees and are assigning 10 engineers to work on Playa Vista. A resort of Playa Vista’s size and stature deserves nothing less than the biggest and the best.
Below are just a few recent projects that SCET-SCOM has built:
Numerous luxury Hotels and resorts including the Movenpic Hotel Casino in Tangier
Hay al Qods, Casablanca: 4,000 flats and over 50,000 apartments in total for various residential developments.
The marina resort of Agadir with a budget of $78 million
The new football stadium in Tangier with a budget of $100 million
The new football stadium in Marrakech with a budget of $90 million
ARCHITECTURAL FIRM AMS PROJECT MANAGER:
Mike Priddy, the Playa Vista project manager, has been active in the construction industry for over thirty years. He has managed commercial and residential construction across the US in 32 states, building for national accounts and working with architectural firms and designers. He has developed a reputation for consistently delivering a high quality build on schedule that we believe will make Playa Vista a premier front-line marina development on the Mediterranean.
WHAT/WHO IS PLAYA VISTA?
The developer in this case is "Playa Vista Primera", a Moroccan development company which owns the land at Playa Vista has been granted detailed building permission and land titles etc.
What are the specifications for Playa Vista?
Foundations: Continuous slab of reinforced concrete with damp protection.
Structure: Pillars and slabs of reinforced concrete in conformance with Para-seismic norms in use for buildings in high risk area
Roofing: Flat roofs are made in pre-stressed concrete in a ready-built system; with a protective coat in non-accessible roof. And in accessible ones the protective function will be ensured by functional tiling systems; inclined panels will be sheltered by roof tile system of first class quality design.
Facades & Dividing Walls: Made from cavity bricks. The external cavity wall is 30cm thick with rustic mortar on both sides; with acoustic-thermal insulation in the interior.
Dividing Walls between living units: Made from cavity bricks 7cm thick with mortar on both sides.
Tiling: 1st class design quality finish. Bathrooms: Marble with stainless steel fittings, or tough ceramic flooring. Kitchens: Chemical resistant, ceramic tiled flooring; kitchen granite tops.
Ceilings: Plaster ceilings in living units.
Plant Containers & Terraces: Terraces decorated with prefabricated flower boxes with ceramic finishes and wood hand railings. Solariums & Terraces are in ceramic tiles 1st class quality, with pergola system (depending on cases) solariums are equipped with pre-installation of Jacuzzi systems, with optional wood covering, pergola systems, and the interior stairs to the solarium are not covered.
Carpentry: 1st quality and attractive design.
Entrance doors: Reinforced, varnished wood exterior facing, beech wood interior facing. Black iron fittings, Wood interior doors with all surfaces beech veneer. All fittings are in rustic style, black iron.
Glass sliding doors: all apartments have a large sliding door with access to the covered/open air terraces, functional and easy to work. Windows: Aluminum, with quality control certificate. Wind and leak-proof. Safe and with acoustic absorption.
Other glass installations: (Optional) Glass used is CLIMALIT or similar. Security glass on large surfaces of glass
Fitted wardrobes in bedrooms: all apartments are equipped by fitted wardrobes in each room
Water & Drainage Installations: Of prime quality, robust and acoustically insulated.
Water system: PVC high pressure piping system, with individual cut-off keys for each unit, including heat differential protection. Drainage: Individual systems for rain and waste water.
Bathrooms: Of the highest quality design, both ergonomically and aesthetically
Showers: Cubicles with safety glass surrounds. First quality one-handle taps. Surfaces and Sinks: Surfaces Silestone, Granite or similar, with built-in sinks. Mirrors above sinks. White glazed toilet sanitary.
Kitchen: Completely equipped to the highest quality. Silestone/Granite or similar surfaces, stainless steel / pvc sinks with two taps and drainer. Extractor hood with filter. Manufactured by kitchen specialists. Counter tops allowing integrated electro domestics (dishwasher, refrigerator) a basic Four-plate cooker & the Oven are offered.
Electricity: Installations designed and installed to the best specifications.
Fuse box: Built-in and with disconnection and protection mechanisms for each circuit, designed in accordance with Moroccan building regulations.
Fixtures: Of pleasing design. Plentiful plugs. Individual switches governing each light source and ambient regulators in lounge and bedrooms.
Illumination: Light sources in every area. Built-in halogen lights in bathrooms and kitchen. Exterior illumination in terraces and/or garden.
Air Conditioning & Ventilation: Climate control: pre-installation of Air-conditioning system for lounge and bedrooms.
Ventilation: Mechanically Controlled Ventilation, Controlled air extraction to the exterior in bathroom, and kitchen. Automatic air intakes from the exterior.
Communication, Controls and Intelligent Building: Telephone and data transmission: a telephone and high speed data transmission lines in lounge and bedrooms.
Television and radio: Satellite with connections in lounge and bedrooms.
Painting & Finish: Synthetic washable paints of best quality.
Exterior: Painting, rustic, cement render, textured or smooth, Mediterranean architectural style. Use of a large variety of natural stone and rustic wood. The colors used will distinguish between vertical circulation zones, building access and living unit access.
Interior Walls and Ceilings: Smooth, matt and washable- 1st class quality.
Open-air zones: Generous pedestrian walkways through pleasant environment with diversified gardens.
Exterior Lighting: Permanent optimized lighting for communal areas.
Fire fighting system: fire detection and extinguishing systems.
Swimming Pools: Swimming pools systems, integrated within the green areas and terrace, with ample surrounding space. They are characterized by possessing separate child and adult zones with systems providing both safety and hygiene.
Fencing and Perimeter Protection: Aesthetic, safe and discrete. |
| Bed(s): |
1 |
| Bath(s): |
1 |
| Type: |
Apartment |
| Price: |
58,750 € (£ 40,244)
to 89,130 € (£ 61,054)
|
| Bed(s): |
1 |
| Bath(s): |
1 |
| Type: |
Penthouse |
| Price: |
89,198 € (£ 61,101)
to 108,496 € (£ 74,320)
|
| Bed(s): |
2 |
| Bath(s): |
1 |
| Type: |
Apartment |
| Price: |
95,400 € (£ 65,349)
to 142,930 € (£ 97,907)
|
| Bed(s): |
2 |
| Bath(s): |
1 |
| Type: |
Penthouse |
| Price: |
158,912 € (£ 108,855)
to 167,461 € (£ 114,711)
|
|
Morocco
