1 Bedroom House / Home Up for Sale in Hurghada | Muhafazat Al Bahr Al Ahmar - Egypt - Ref 590549
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House/Villa Description
A high quality completed development located within a popular location of Hurghada.Guaranteed 6% rental income and 85% occupancy rates are already being achieved.Hotel Suites are available starting from only £38,000.
Marlin Development
Perfect Financial Sense
This is a unique opportunity to purchase a property in one of the prime locations in Egypt while enjoying the high occupancy rates hotels in the country receive. It is widely understood that due to Egypt's excellent all year round climate the holiday season there is perfect for a vast array of holiday makers. This has lead to occupancy levels of an average of 85% being achieved there with some hotels being over booked in high season.
This is the reason the current owner feels confident in guaranteeing a fixed income of 6%pa on behalf of the new owners as he has proven trading accounts for the last 14 years. This has allowed him to build up excellent relationships with some of the leading holiday providers in the world and secure exclusive contracts with them to fill the hotel at high occupancy levels for years to come.
This is a very rare occurrence in today's overseas property market as many developers offer guarantees by simply inflating the list price and paying the money back to the owners over a set period. This isn't a good thing as after the guarantee period finishes owners are left with no rental options and no income. With the Marlin this is not the case as the management team can demonstrate how the rentals will be achieved from day one, proving to new owners that the occupancy of the hotel is at the centre of the management company's focus and ensuring the long term success of the resort.
As room rates will be increased the value of the property will increase also. This will be the key factor that drives the growth of the property over and above the normal growth rate of the area. Simply as the property receives a higher income it becomes more and more valuable and saleable every year. This provides owners with the security that when they wish to sell the property it is just as attractive as when they bought it.
Fully Managed Solution
Owning a property overseas should be an exciting and enjoyable experience but unfortunately due to lack of services and management this isn't always the case. The completion of the development is only the start of a long relationship between both an owner and the property and it is essential that an experienced and professional management company is responsible for the property in the owner's absence.
As the team at the Marlin has over 50 years experience in managing hotels and resorts in Egypt this all important part of the process can be handled with confidence and care on behalf of the owners. Everything owners or guests could possibly need will be on hand at the hotel through the 24 hour concierge and security provided at the resort.
Location! Location! Location!
Often one of the most commonly used phrases used when receiving advice on purchasing a property anywhere in the world is Location! Location! Location! Property markets go up and down in value due to a host of economic and demographic reasons, the prediction of this fascinating process is sometimes as mystical and difficult to explain as the Pyramids of Giza. However the underlying fact is that the location of a property is the main factor that affects both the growth and long term value of the property and should be one of the key things on any potential buyers list.
The Marlin is perfectly located on the shores of the Red Sea, situated conveniently close to the heart of Hurghada, but still far enough away to enjoy the peaceful and relaxing oriental atmosphere. Just outside the hotel runs a large palm-fringed promenade with a big variety of souvenir shops, restaurants, supermarkets, cafes and much more. You can reach the heart of Hurghada in 5 minutes by taxi and to the newly built Marina in just 10 minutes.
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€45,772 | £38,000 | US$60,758 (Currency and Foreign Exchange services supplied by  )
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| Type |
House / Home |
| Bedrooms |
1 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Hurghada, Muhafazat al Bahr al Ahmar, Egypt
Real Estate Agent Listing this Property
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Latest Property News in Egypt
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Price of Property in Hurghada, Egypt
| (All prices in EUR) |
Hurghada |
Hurghada |
Hurghada |
| Apartment/Flat |
1 |
1 |
430,000 |
1,450,000 |
37,327 |
39,950 |
| House/Villa |
68,000 |
42,000 |
1,600,000 |
1,600,000 |
480,000 |
470,000 |
| Townhouse |
74,407 |
74,407 |
285,000 |
376,970 |
153,307 |
153,307 |
| Business |
9,130 |
9,130 |
18,223 |
18,223 |
- |
- |
| Other |
7,095 |
7,095 |
63,400 |
63,400 |
27,900 |
49,800 |
| Studio |
6,260 |
6,260 |
89,900 |
103,000 |
20,903 |
20,903 |
| Hotel Room |
55,700 |
55,700 |
55,700 |
55,700 |
- |
- |
* Calculations based on 483 properties for sale in Hurghada and 921 properties for sale in Egypt |
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