Property Details
- Property: Apartment (New Build)
- Bedrooms: 2
- Bathrooms: 1
- Receptions: N/A
Nabq Bay
Styled in traditional Andalucian architecture, Mashareq is a small development where the apartments & penthouse duplex apartments are designed to incorporate exterior space, whilst offering first rate views of the natural surroundings and only a few minutes to the beach.
Features
Summary:
Styled in traditional Andalucian architecture, Nabq Bay is a small development where the apartments & penthouse duplex apartments are designed to incorporate exterior space, whilst offering first rate views of the natural surroundings and only a few minutes to the beach.
Situated in up and coming Nabq, about 8 minutes from Sharm El Sheikh International Airport and 15 minutes drive from buzzing Naama Bay, the resort is built on a site of 3 hectares with views of the sea to the front of the resort and the mountains of the desert behind.
It features lifts to access all 3 floors and feature large communal pools in a relaxed and pleasant environment.
- Number of buildings: we sell buildings B1, B3 and B4. Other buildings belong to the hotel on the site.
- Units:
1) studios, 1 bedroom, 2 bedroom apartments
2) Penthouse (2nd floor) units have an internal spiral staircase leading to their own 15m2 solarium on the roof
- Completion: development ready in November 2011
- Delivery :
For cash purchase = November 2011
For 18 month payment plan = 18 months delivery
For 2 year payment plan = 2 year delivery
- Payment plan
• 18 month plan = 50% first payment + quarterly payments for 18 months
• 2 year plan = 40% first payment + quarterly payments for 2 years
• CURRENT OFFER - studios with 3 year plan= 20% first payment + 4 x 10% quarterly + 8 x 5% quarterly
Current offer on 5 selected studios = 3 year payment plan + 12 months delivery
- Facilities:
• 4 star Hotel
• All buildings have an elevator/lift (this is the only development with lifts)
• large heated swimming pools
• Landscaped areas with children’s playground
• Beach access – free shuttle bus to sandy Zouara beach (5 min)
• Fitness Centre
• 2 specialized restaurants, bar and café
• Commercial facilities: mini-market, boutiques, hairdresser / beauty salon and pharmacy.
- Estimated rental income: 8% per year. Rental charges about 9% for long term and 15% for short term
-Location and distance from the sea: near southern end of Nabq, about 700 meters from the sea.
-Maintenance and service charges: 65 EGP per m2 per annum, reviewed annually.
-Air conditioning: connections included. Air conditioning units at extra costs
Why Pay More for your Property?
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