Powered by:  

Want to sell your overseas property?
Want to advertise your holiday home to rent to 40 million possible renters.
Contact us on info@myoverseasproperty.ie


Property for sale information

 
Khasmin Beach Resort, Hurghada  
Reference nr: RP890115
Description:

60% Developer finance available over 10 years, 8% rental guarantee for 3 years

Khamsin Beach Resort is a luxury collection of waterside apartments located in the Arabia District of Hurghada just 10 minutes from the bustling tourist hotspot of Sheraton Road, Downtown Hurghada.

The project offers far-reaching views over the Red Sea towards Giftun Island
and is scheduled for completion by the end of May 2011.


During this pre-launch release pricing has been geared to offer earlybird buyers the lowest possible entry point:

Studio Apartment: from £17,324
1 Bed Apartment: from £32,980
2 Bed Apartment: from £36,278
3 Bed Apartment: from £110,189



The Arabia District lies close to Hurghada Port - the centre of the diving industry for the entire region. Khamsin Beach Resort is situated away from the sometimes stale feeling gated hotel resort areas. The project offers strong long term capital appreciation, not just due to its beachfront location but due also to the resorts proximity to the city centre — The Heart of Hurghada. The continued expansion of Hurghada will certainly see asset values rise steadily cross all real estate stock over the next 5-10 years. Saleability of this prime beachfront resort is extremely high, and the gains for pre-launch investors are truly exceptional. Prelaunch prices are certainly at or below ANY other project in the region, even when you do include the ‘dressed up’ discounts that proliferate some of these projects. As such, Khamsin is firmly at the top of the list of options for sensible investors.


Prices for similar projects are selling at £800+ m2 in Hurghada
(Samra Bay)
Low purchase costs and stage payments available
Strong exit strategy - highly desirable re-sale unit
Very strong re-sale potential prior to completion particularly for
early bird investors
Higher rental Return due to Rental Pool option and beach front
location
Price increase of 15% at end of pre-launch
All properties are freehold and complete in May 2011
No capital gains tax or inheritance tax
Prices start from £18,908
Location
If there is one thing you can rely upon with property investment it is location, location, location. The Khamsin Beach Resort is an ocean side collection of luxury apartments with its own private beach in the Arabia District, close to downtown Hurghada by the Red Sea, Egypt.Get in early!
This is the very first marketing activity for Khamsin Beach Resort and there are some incredible early-bird offers available for a limited period. The price structure presented in this pre-launch phase will be totally revised with a minimum increase of 15%.


Strong rental returns
The Project is scheduled for completion by May 2011, it will operate as a hotel facility and will offer flexible rental management solutions, including a renewable rental pool program. The high local occupancy rates throughout the 12 month season, make this project of interest to any buy-to-let investors.

Solid capital appreciation
Hurghada is fast becoming the centre of operations

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 18,530
1 1 36,000
2 1 40,000
3 1 120,000
Features:
Beach
Submission Date:
01-21-2009
Last Update:
11-04-2009
Advertiser Details:


Name:
Richard Parker

Company:
International Dreams Ltd

Phone:
0044 203239 9430
Fax:

Mobile:

 
Property Photo Gallery

 

property photo

property photo

property photo

property photo

property photo

property photo
 
Calculators

 
Property price: €18,530
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations