Auction Property Sale - Lot 2

Real Estate Investment Opportunity – Entire Building in the Bourgone Neighbourhood, Casablanca | Public Auction An entire building located in the Bourgone neighbourhood, rue Oulad Taima, Casablanca, in a prime position on a corner of two streets, is offered for sale by judicial auction. 📍 Property specifications: • Ground surface area: 87 m². • Commercial premises on the ground floor. • 4 upper floors, each floor comprising one apartment (4 apartments). • Roof. • The building is located on the corner of two streets. • ✅ The property is vacant, with no lease agreement. 🔧 Actual condition of the property: The building is old, its interior is in very poor condition, it has suffered from neglect and accumulated dirt, and requires a thorough cleaning, repairs and a complete renovation. The property is offered in its current state, and is particularly suitable for investors wishing to rehabilitate it and operate it after renovation. ⭐ Key highlights: • Location in the Bourgone neighbourhood of Casablanca. • Entire building comprising four apartments and one commercial premises. • Corner position on two streets. • No tenants in the property. • Possibility to rehabilitate it for a residential or commercial investment, in accordance with the permits and regulations in force. ⚖️ Sale information: The property is offered for sale by judicial auction, following the failure of the first auction. 💰 Starting price of the first auction: 3,300,000 MAD (330 million centimes). The starting price could see a slight increase estimated between one million and two million centimes; the official amount approved by the court will be determined when a serious buyer comes forward. This amount is the starting price of the auction and not the final sale price, which will be determined according to the results of the auction and the legal procedures.