Ref: HS1211654

A Property in Hurghada, Egypt

EUR €46,800  (approx. GBP £40,038)

  • Hotel (Resale)
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About the Hotel

  • Property: Hotel (Resale)
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Receptions: N/A

Features

The Pyramisa Hotel Resort in Egypt?s Sahl Hasheesh area along the Red Sea Riviera offers a guaranteed 7% lifetime rental return re-evaluated annually, with guaranteed capital appreciation index-linked to the percentage of annual increases in room revenues after the 5 year term. * Estimated capital growth of 20% * GuaranteedThe Pyramisa Hotel Resort in Egypt?s Sahl Hasheesh area along the Red Sea Riviera offers a guaranteed 7% lifetime rental return re-evaluated annually, with guaranteed capital appreciation index-linked to the percentage of annual increases in room revenues after the 5 year term.* Estimated capital growth of 20%* Guaranteed rental* Tax free society* Potential for immediate returns on investment* Various payment plan options* Management facilities in place* Developers of 5 star resorts throughout Egypt* Developer financing availableDevelopment TimetableConstruction Start: 2nd Quarter 2005Construction End: 3rd Quarter 2007Investment Return ProjectionsPotential Capital AppreciationYear 1 20.00%(Conservative Estimate by the Developer)Potential Rental IncomePer Annum 7.00%(Guaranteed rental return from the developers)The Pyramisa Beach Resort is a five-star hotel resort in Sahl Hasheesh, along Egypt?s Red Sea Riviera. The development consists of 550 units comprising of studios, 1 bed and 2 bedroom apartments, already built having been completed in August 2007.Pyramisa offers a great opportunity to invest in an emerging market.The Investment* Guaranteed rental* Developer mortgages available* Located along the Red sea Riviera* All inclusive five star resort* Built to European standards* Beach front location with views* Leaseback scheme with a renewable contract* Immediate return on investment as hotel is already built* Personal usage of apartments for 8 weeks annually* Personal usage of studio suites for 4 weeks annually* Personal usage excludes major holiday periodsExit Strategies* Leaseback scheme covering a period of 5 years with a renewable contract* Rental management facilities in place* Guaranteed rental yieldsSahl Hasheesh* Resort town meaning 'Green Valley'* Diving* Desert safaris* Water parks* Cinemas* Casinos* Eight planned golf coursesThe Units* Total of 550 units* Studio and suite apartments* 1 and 2 bedroom apartmentsThe Facilities* Five star hotel resort* Health club* Gym with sauna and steam rooms* Diving and Aquatic sports centre* Children?s playground* Shopping arcade* Beauty salon* Beach front location* 2 Sea-front outdoor heated swimming pool* Waterslides* 5 restaurants and bars* Tennis & Squash courtsThe Build Specifications* Built to European standards* Floors: Beige ceramic tiles* Walls: Cream plastic paints* Aluminium WindowsThe Security* The developers have the support of the government* Developers have full title of the land* Legal Due Diligence has been carried out on the developmentThe Developer* Pyramisa Hotels, Resorts and Nile cruises (an Egyptian stock market-listed company) are the developers of Pyramisa Beach Resort Sahl Hasheesh.* Pyramisa Hotels, Resorts and Nile cruises run the resort. Years of experience and a proven track record, running their other hotels which form part of the chain, can vouch for its high standards and seriousness.Sahl Hasheesh is a town combining all the facilities of a top resort with the atmosphere of a lively port.The area has become famous for being an international centre for aquatic sports, such as - windsurfing, kite surfing, swimming, snorkeling, deep-sea diving and fishing, along with sailing, as it houses some of the worlds finest off-shore underwater gardens. The warm waters are home to many rare types of fish and coral reef, which can also be enjoyed by observing through glass bottom boats, acting as a gateway to many of the diving sites throughout the Red Sea.* Marina* Eight planned 18 hole golf courses* Bars and restaurants* Hotels* Sports and leisure facilities* Retail centres* Snorkeling and scuba diving* 12.5km of sandy beaches* Near the Hurghada International Airport* Direct flight connections to various European citiesLocal climateThe Hurghada area has a warm, dry desert climate, yet benefits from a steady breeze due to its coastal location. The average precipitation is approximately 3mm received in October and November. Winter temperatures average 17ºC, Spring: 23ºC, Summer 30ºC, and Autumn: 25ºC.Why Invest in this Location?The Country* Low cost of living* 2006 GDP growth 6.8%* Year round sunshine* The Red sea is one of best places in the world for diving.* Egypt is a Historical place, with lots of things to do and see* Nearby Sharm-el-Sheik is the worlds 4th most popular tourist destination.* Rental demand should always be high due to high touristic demand* Only 5 hours flight from the UK* Offers great value for money - Early entry to an emerging property market!The Region* Low-cost investment with high returns.* A unique mix of wealthy culture, beautiful beaches, golden deserts and crystal waters.* A steadily growing tourist destination to double its number of tourists within the next 10 years.* Investors getting on the real estate ladder now, will gain huge profits in an emerging market with an increasing demand over supply.* Egyptians are hospitable and extremely friendly to tourists.* Aswan and Luxor featuing the "Valley of the Kings" are only 200km away.* Cost of living in Egypt is around 20% of UK rates.* Charges for title deeds and registration as low as 3%.More InformationCountry: EgyptPool: CommunalRef: ER16Town/City: HurghadaTo request further details please use the Contact Us link below.To view more properties from Property Shop Overseas click the 'More Properties' link below.

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Disclaimer: Property Reference: ER16Hurghada. This listing is a property advertisement. PropertyIndex.com does not control the content of the advertisement and makes no warranty as to the accuracy or completeness of the advertisement, or any associated or linked information. This property advertisement does not constitute property particulars. The information is maintained by Propshop. Please contact the owner, selling agent or developer directly to obtain any information.