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Budget Apartment - Flat in Marsa Alam > Muhafazat Al Bahr Al Ahmar > Egypt - Ref 586820

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Property No Longer Available This property has either been sold or removed from Propertyshowrooms.com. Here are links to some very similar properties One-bedroom apartment in prestigious area of Hurghada 1 Bathroom Apartment - Flat for Sale in Hurghada - Muhafazat Al Bahr Al Ahmar VALUE FOR MONEY !!!

Apartment/Flat Description Red Sea Beach Resort offers a range of properties from 1 & 2 bed Hotel-suites, stunning 1 & 2 bed resort Apartments to 2 & 3 bed Beach Lodges. The highest quality materials have been used and the high level of craftsmanship guarantees the properties are finished to the highest standards. The layout of the apartments will ensure optimal privacy and wonderful views. Enjoy a relaxing massage or beauty treatment at the resorts Spa, good for both the mind and body! After a delicious meal in one of the many restaurants, which offer cuisine from all over the world, relax with a drink in one of the lounge bars overlooking the beautiful Red Sea. Investment Features: * A superb NEW resort with a magnificent beach front location * Some of the worlds best diving on your doorstep (with better reefs, marine life and cleaner water than Hurghada) * NO annual costs for 10 years if utilising the rental guarantee or pool system (no service charge, no maintenance fee) * Interior warranty - Furniture and interiors fully insured for the 10 year term (any breakages replaced for FREE) * Air-conditioning included with all property types * The resort offers Asian style 2 and 3 bedroom tropical beach lodges as an alternative to the usual run of the mill villa (all located closest to the sea) * Low entry prices with apartments starting from only €35,989 (including furniture!) * Rental pool system offering high returns forecast at over 10% (available for all property types) * ‘BANK GUARANTEED' rental system for 2 bedroom apartments offering 8% NET returns for up to 10 YEARS! * The bank guarantee commences 18 months from full payment; therefore it is possible (if paying in full) to generate an 8% return BEFORE the resort is finished! * If the investor notices that the rental pool option is creating more than the guarantee; he or she is free to swap over * 5 weeks personal usage permitted with rental guarantee & unlimited usage for pool rental option * The 5 weeks personal usage can be taken ANY TIME of the year * Fantastic rental potential from diving tourists * True 1 and 2 bedroom penthouses with roof top terraces (all with sea views) * 300 metres of private sandy beach and a private reef (unlike Hurghada where most developments offer you a crowded public beach or use of a hotel beach) * Close to Marsa Alam International Airport * Freehold ownership * All funds held in third party Escrow facility for protection of client funds * The resort is not dissected by roads * The resort is NOT being sold in phases allowing the investor to take his or her pick of ANY property in the resort * Low density build * Full due-diligence and planning permission in place * The resort is under Dutch management * Developer is Dutch and a member of the AIPP and is also a Mondi professional * Capital appreciation expected to be within the region of 8 to 12% per annum The developer is a member of HEPCA (Environmental Protection and Conservation Association) thus showing their commitment to protect the reef. All in all a very sound investment located in one of the up and coming property hot spots!! Facilities: * Spectacular views * Air conditioning in all apartments * Spa, wellness, hair salon, massage and beauty centre * Restaurants, cafes and lounge bars * 24-hour Reception & Room service * Laundry service * 24-hour Security service * Lifts * Children's playground * 300 metres of private sandy beach * 7 Swimming pools * Coral reef situated directly in front of the beach * Landscaped botanical gardens complete with ponds and fountains * Internet available in all apartments * On site medical facilities * Supermarket * Cinema * Car rental and shuttle services * Travel and excursion agency * Camel, quad or jeep safari experience * Fishing * Beach sports * Para-sailing, water skiing, scuba diving and snorkeling * Kite and wind surfing * Catamaran and sailboats * Two private Jetties * Diving and water sports shop * Approved Diving school (PADI - Professional Association of Diving Instructors) Like this? Then share with your friends and colleagues!

€29,990  |  £25,091  |  US$39,851 (Currency and Foreign Exchange services supplied by )

Ref 586820  Town Marsa Alam  Province Muhafazat Al Bahr Al Ahmar  Country Egypt   Type Apartment/Flat Bathrooms 1  Bedrooms 1  Category New Build  Listed over 1 year ago

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Property Characteristics

• Distance to Beach:  Front line

Map of Marsa Alam, Muhafazat al Bahr al Ahmar, Egypt

Real Estate Agent Listing this Property

Agent Azure Overseas Property Limited Listing Since 29 November 2008 Property Listings View all properties from this agent

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