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Marlion Residences Hurghada |
Why
is this Property Unique? |
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- Guaranteed 10% NET rental income per annum for 5
years with a renewable contract
- Studio, 1, 2 bedroom apartments
- Excellent ‘Buy 2 Sell' option to resell before
completion, with a potential uplift of 20% in first year
of investment.
- All properties are freehold
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| Description |
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Marlion Residences Hurghada Egypt
Marlion Residences is an opportunity to purchase a luxury
apartment in Hurghada, Egypt. This exclusive apart-hotel
development consists of 272 apartments over four floors
comprising fully furnished studios, 1, 2 and 3 bed
apartments. All the apartments have balconies, the fourth
floor apartments also have roof-top terraces, all with
stunning views of the Red Sea. On the ground floor there are
shops, restaurants and services. All apartments will be
designed using modern materials of the highest quality. Set
in landscaped gardens with swimming pools, a private beach,
Marlion is surrounded by an air of tranquillity and peace.
With a complete furniture pack included with each apartment
and a guaranteed rental income of 10% for 5 years, Marlion
apart-hotel units offer an excellent long-term investment
opportunity.
Key Features:
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Prices from £700 per sqm - Discounted by approx 15% -
Prices of similar projects are selling at over £950 per
sqm.
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Low purchase costs with unique exit strategy in place.
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Guaranteed 10% NET rental income per annum for 5 years
with a renewable contract
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Furniture packs included with all apartments
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Price increase of 10% in place for end 2008
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Excellent ‘Buy 2 Sell' option to resell before
completion, with a potential uplift of 20% in first year
of investment.
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Unique exit strategy in place - with 2nd stage property
market just taking off in Hurghada, all investors have
an opportunity to re-sell, pre-completion within a 2
year window.
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Up to 65% finance available upon completion (STS) for
investors wishing to complete.
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All properties are freehold
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No capital gains tax or inheritance tax.
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All Marlion apartments include a 20 year structural
guarantee as well as a two year minor defects guarantee
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| Location |
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Hurghada is split into three main districts:
Dahar (old downtown), Sakalla (new downtown) and Village
Road/Intercontinental area (hotel and residential district).
Marlion Residences are
situated in an enviable position in a quiet and scenic area
with outstanding views and just 15 minutes walking distance
from Downtown (El Dahar) which is the old part of Hurghada.
There is also easy access to the surrounding areas,
particularly El Gouna, whilst Sahl Hasheesh is only a short
distance away.
Hurghada International Airport is just 10 minutes away.
For precise locations using Google maps use the links below,
notes clicking these links will open a new window in your
browser:
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Pricing - Payment Profile - Completion Date |
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| Property
Type |
GBP |
EUR |
USD |
AUD |
| Studio
from |
36,000 |
45,421 |
70,448 |
74,646 |
| 1 Bed
Apartment from |
57,000 |
71,917 |
111,543 |
118,190 |
| 2 Bed
Apartment from |
77,000 |
97,151 |
150,681 |
159,660 |
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Installment |
Percentage |
Expected
Date |
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Reservation Fee
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£2,000
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On Reservation
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1st Instalment
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35%
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Due within 4 weeks of signing
Reservation Form
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2nd Instalment
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15%
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Due within 6 Months
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Final Instalment
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50%
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On Completion
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Mortgage Option:
Up to 65% repayment
over 10-15 years at 7% - 8%
Subject to Status
MARLION RESIDENCES
COMPLETION DATE: Q1 2010
For up to date Marlion Residences
Property availability - enquire now If you want an either online estimate of the current
exchange rates from Egypt Pounds (EGP) or would like to
enquiry about EGP currency
click here to open a new window. We are not charging a finders fee
on this property - you pay the
developers price - you will not find it
cheaper anywhere! |
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