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Property for sale information

 
EGYPT  
Reference nr: FB989647
Description:

Gallery Spa Hotel - Egypt, Sharm el Sheikh
Gallery Spa Hotel is an eco friendly resort set into the side of a hill at the end of Nabq Bay neighbouring the national park with stunning views to the sea, mountains and deserts.

Development Description
Within the Nabq protectorate the hotel has been built to blend in to the natural environment. There is a deliberate feeling of ecological friendliness within the wood and stone construction.

This unique boutique hotel is setting standards for the clambering eco friendly tourist market, a multi million pound market that is flourishing and growing more than any other sector even in these hard financial times. A hotel project for the future.

The hotel will have a total of 168 rooms of which only 58 are available in the first phase. This entirely individual hotel will attract visitors that are looking to enjoy all that Sharm El Sheikh can offer whilst looking for a natural and peaceful setting.

This project is 80% complete and can therefore offer a return as an investment within a matter of months. The hotel will reopen in April 2009 and investors can expect to enjoy the 10% NET guaranteed income for 10 years from early in the summer of that year.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 48,000
1 1
Features:
Beach
Private Swimming Pool
Submission Date:
02-23-2009
Last Update:
02-24-2009
Advertiser Details:


Name:
Fran Boyle

Company:
Exotic Land and Homes

Phone:
00353 1 8499364
Fax:

Mobile:
0862141553

 
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Calculators

 
Property price: €48,000
 

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