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Marsa Alam Beach Resort |
Why
is this Property Unique? |
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- Renowned as the world’s premier diving site
- 1, and 2 bedroom apartments from £23k,€30k,
$47k
- 10% Rental guarantee
- Freehold ownership
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| Description |
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Marsa Alam Beach Resort Egypt
Situated on the Red Sea Marsa Alam Beach
Resort lies 45km south of the Marsa Alam
International Airport and 20km north of
Marsa Alam city.
The development set in a beautiful gated
five star resort with a 500m stretch of
coast line offers 1,050 one bedroom
apartments which will be run under a hotel
style of management and 450 two bedroom
apartments consisting of Garden Apartments,
Middle Apartments and Penthouses.
Furniture packs are available as an optional
extra, however should you wish the
Management Company to rent out your
apartment, the furniture packs are
compulsory.
Key Features:
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Frontline 5 Star development
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Prices starting from €29,500
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Extensive range of facilities
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Average 10% rental guarantee option for five years
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Freehold ownership
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Renowned as the world’s premier diving site
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Excellent capital appreciation
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45 km from Marsa Alam International Airport
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500m Private beach and coral reef
Rental Guarantee
Marsa Alam Beach Resort is an ideal investment opportunity
for those investors seeking high rental returns, capital
appreciation, low entry levels and portfolio
diversification. There is a Bank backed rental guarantee on
the two bedroom apartments which is expected to average at
10% over five years.
There is no rental guarantee on the one bedroom apartments,
these will work on a pooled rental system where all
investors will receive a rental income based on occupancy
levels.
The Hotel apartments will be managed by a reputable
management company to EU standards.
Legal
A full due diligence has been conducted on the developer,
development and management group by a UK based lawyer.
Contracts will be written by UK based lawyers and are
governed under European law. There are no restrictions on
direct foreign ownership for this development. Unlike other
areas of the Red Sea Coast this resort is freehold
ownership. The signatures of foreign affairs on the title
deeds will be legalised by the Royal Netherlands Embassy in
Cairo.
There is no restriction on when you can resell your
apartment.
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| Location |
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Marsa Alam is located in the south of
the Egyptian Riviera on the Red Sea 20km north of Marsa Alam
city and approximately 300km south of Hurghada.
Marsa Alam International Airport is just 45 kilometres 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 |
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1 Bed Junior Suites From |
23,413 |
29,500 |
46,825 |
50,571 |
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1 Bed Presidential Suites From |
68,452 |
86,250 |
136,905 |
147,857 |
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2 Bed Executive Suites A From |
31,349 |
39,500 |
62,698 |
67,714 |
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2 Bed Executive Suites B From |
46,429 |
58,500 |
92,857 |
100,286 |
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2 Bed Apartments From |
34,877 |
43,945 |
69,754 |
75,334 |
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2 Bed End Apartments From |
36,464 |
45,945 |
72,929 |
78,763 |
A Reservation Fee of €1,500 is paid to allocate the property and take it off the
market.
The property price, minus the the reservation fee, together with the *Furniture
Pack price and the **Escrow & Title Deed fee is to be paid into Escrow within 28
days.
The Escrow Account holder will release the stage payments as follows:
| Instalment |
Percentage |
Expected Date |
| 1st Instalment |
10% |
On commencement of construction |
| 2nd Instalment |
10% |
On commencement of foundations |
| 3rd Instalment |
20% |
On commencement of concrete construction |
| 4th Instalment |
15% |
On commencement of wall and roof construction |
| 5th Instalment |
15% |
On commencement of plastering |
| 6th Instalment |
10% |
On commencement of finishing work |
| 7th Instalment |
10% |
On commencement of all building facilities |
| Final Instalment |
10% |
After inspection and delivery |
*Furniture Packs:
Junior Suites: From €3,950
Presidential Suites: From €6,450
Executive Suites Silver (A): From €6,950
Executive Suites Gold (B): From €7,450
2 Bed Apartments: From €7,450
2 Bed End Apartments: From €7,950
Maintenance Fee:
Suites will be subject to a maintenance charge of approximately €50 per calendar
month. This will be deducted from the yearly rental payment. This maintenance
charge covers all costs associated with the suite such as: maintenance of
communal areas, servicing and cleaning of the suite, insurance for damage caused
by guests, utilities, any local taxes and provision of bathroom accessories.
Apartments The maintenance fee is covered with the rental guarantee however
should you wish to not take the rental guarantee then you would be required to
pay the €50 per month charge.
**Escrow & Title Deed Fee
€1,050 is payable which consists of :
Due diligence approval of the developer
Due diligence approval of the Egyptian Land Ownership/Government planning
approvals
Due diligence of all plans and construction methods as per industry standards
Due diligence of the management company
Setting up of Escrow accounts
Raising of Contracts
Monitoring Escrow accounts in Holland with the developer’s lawyers as per the
photographic evidence and structural reports
Official property certificate in Egyptian and English
Official deeds which will be legalized by the Royal Netherlands Embassy in Cairo
MARSA ALAM BEACH
RESORT
COMPLETION DATE: June 2010
For up to date Marsa Alam Beach Resort
Egypt 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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