1 Bed Apartment for sale in Sharm El Sheikh, Red Sea Riviera/Sinai,...

Description: a spacious and green residential resort with an 180-room hotel located in Nabq near a new 18-hole golf course under construction.

Properties includes studios, one, two and three bedroom high spec residential apartments, each with balcony or terrace. Ground floor units have a garden area with a hedge (if requested) extending up to 4 metres from the patio door and the width of the unit. Each building has a communal roof terrace with panoramic views of the sea and Sinai moutains.

The resort is constructed on 50,000 m2 of land with beautifully landscaped gardens, artificial narrow and shallow lakes plus four swimming pools.

With stunning views of the sea and surrounding area, the resort is 5 minutes from the sandy beach of Pataya (where owners in Sharm Resort get free access!), 7 minutes from sophisticated and relaxing Soho Square and 15 minutes from vibrant Naama Bay. Facilities will include a spa and health club, children’s playground, 24 hour security, available transportation and access to the hotel facilities.

Phase 1 is completed and occupied, phase 2 is ready in October 2011 and phase 3 in December 2012.

Payment plans and delivery are as follows:

Phase 1:
Delivery = Ready
Payment plan = 12 months = 40% down payment + 4 x 15% quarterly payments

Phase 2:
Delivery = October 2011
Payment plan = 18 months = 40% down payment + 6 x 10% quarterly payments

Phase 3:
Delivery = December 2012
Payment plan = 3 years = 30% down payment + 12 x 5.85% quarterly payments

Cash buyer discount: Phase 1: 5%
Phase 2: 7.5%
Phase 3: 10%

- Units: Units are spacious and of high standards. With Phase 1 already completed, there are great photos of Sharm Resort. 5 types = studios (44 m2), 1bed (50 m2), 1 bed (66m2), 2 bed (90m2), 3 bed (121m2)

- Prices:
Type M2 Min Price in EGP In £ with 9.5. rate
studio 44 264,000 EGP £ 27,800
1 bedroom 50 300,000 EGP £ 31,600
1 bedroom 66 396,000 EGP £ 41,700
2 bedroom 90 540,000 EGP £ 56,850
3 bedroom 121 726,000 EGP £ 76,420

- Site layout
? buildings 1-17 = Phase 1 = ready for delivery
? buildings 18 – 31 = Phase 2 = delivery October 2011
? buildings 32 – 49 = Phase 3 = delivery December 2012

- Payment plan
• buildings 1-17 => 12-month plan with 40% 1st payment OR 5% discount for cash purchase
• buildings 18 – 31 => 18-month plan with 40% 1st payment OR 7.5% discount for cash purchase
• buildings 32-49 => 3-year plan with 30% 1st payment OR 10% discount for cash purchase
-Which buildings have best sea views? Front buildings: 1-4, 17, 18, 31, 32

- Facilities planned:
• Access to hotel resort facilities including transportation
• 4 swimming pools
• Health club and Spa
• Children’s playground
• Landscaped gardens and lagoons
• 24 hour security

-Location and distance from the sea – 5 minutes by free shuttle transfer to sandy Pataya beach.

Owners in Sharm Resort get FREE ACCESS to cool PATAYA beach!!!

- Maintenance and service charges: 65 EGP per m2 p.a. , reviewed annually up to 10%

- Electricity and water: charged according to meter reading (Electricity 50 P.T. /KWAT ; Water 25 LE/M3).


- Furniture: Fitted kitchens and furniture packages are available to purchase.

- Air conditioning: connection included. Air conditioning units at extra cost.

- Estimated rental income: estimated at 8% p.a.. Clients can discuss their requirements with our lettings department once they have selected the unit they want to buy. Examples of rental management charges = 1 month rent for a 12 month contract and 15% for short term/holiday lets.