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Property for sale information

 
Marlin Inn Beach Resort  
Reference nr: BI528608
Description:

*Luxury Beachfront Property*
*Central Hurghada*
*Guaranteed rental 6% for 5 years (option to renew)*
*Already constructed*
*Long established presence in Hurghada*
*All at only £37,870 (€40,888 approx)*
*Sold in sterling- take advantage while sterling is still weak!*


The Marlin Inn Beach Resort is perfectly located on the shores of the Red Sea, situation close to the heart of Hurghada, but far enough away to enjoy the peaceful and relaxing oriental atmosphere. Outside the hotel runs a large palm-fringed promenade with a variety of souvenir shops, restaurants, supermarkets, cafes and much more.

The newly refurbished facilities at the Marlin Inn have been carefully planned to provide guests and owners with all of the facilities and services to enjoy on their holiday. The private beach is an excellent place to relax on the shores of the beautiful Red Sea. There is a sea view restaurant where guests can enjoy lunch while admiring the luxury yachts as they pass.

The professional dive school at the hotel can instruct and guide divers at any level from beginners to dive masters. With its excellent marine environment, close to shore ship wrecks and the exotic vertical wall dives, this makes it one of the most famous dive resorts in the world.

All of the luxurious rooms are spacious, well-furnished, all have en-suite bathrooms with shower or bathtub, and equipped with air-conditioning, heating, telephone, satellite TV and mini-bar. The purchase price includes all furniture and equipment.

This is a unique opportunity to purchase a property in one of the prime locations in Egypt while enjoying the high occupancy rate hotels in the country receive. Prices are in Sterling – very attractive to anyone purchasing in Euros.

Occupancy levels of 85% are being achieved. For this reason the current owner feels confident in guaranteeing a fixed income of 6% on behalf of the new owners as he has proven trading accounts for the last 14 years.

As room rates will be increased the value of the property will increase also.

As the team at the Marlin Inn 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.

THE PERFECT BREAK
As an owner you will have the advantage of four weeks personal usage each year that can be used in any of the low or medium season weeks.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 40,888
Features:
Beach
City
Furnished
Private Swimming Pool
Spa
Submission Date:
02-04-2009
Last Update:
02-04-2009
Advertiser Details:


Name:
Belmore International

Company:
Belmore International

Phone:
00353 1 297 3394
Fax:
01 293 9060
Mobile:

 
Property Photo Gallery

 

outside the apartments

Bedroom

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Calculators

 
Property price: €40,888
 

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