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Property for sale information

 
FLORENZA KHAMSIN BEACH RESORT, RED SEA RIVIERA  
Reference nr: RO383221
Description:

FLORENZA KHAMSIN BEACH RESORT, an exciting new development in Hurghada's Arabic district, a quieter part of Hurghada but still only five minutes by taxi from the vibrant heart of the town.

FLORENZA BEACH RESORT is basically two resorts in one, divided by a road. Khamsin Gardens is the first phase of the development which has just gone on sale. The second phase, Khamsin Beach, will go on sale in July 2009- but definitely not at such great value prices as these, even though Khamsin Gardens shares all of the same facilities with its sister developments, most notable of which is its private beach- a real rarity in central Hurghada these days.

In summary, Florenza Khamsin is an excellent choice for both the holday home buyer and investors alike. Holiday home buyers will love the resort's private beach together with the fact that is only 5 minutes away from the vibrant heart of Hurghada. Investors will love the fact that Florenza Khamsin offers a Guaranteed Rental program, with returns of 6% per annum available.

Short on cash? Florenza Khamsin could also be the right development for you as it is benefits from a unique developer financed mortgage offer, whereby buyers pay just as 40% deposit, with the balance payable over a period of 5 years at an interest rate of 5%.



FACILITIES & BENEFIT

Private beach access
Sea views for many apartments
Several swimming pools
Landscaped tropical gardens
Kids' Beach Club
10 year construction apartment warranty
Reception and concierge service
Fitness centre, SPA and beauty sections
Water sports a centres including diving, snorkelling, kite and wind surfing
Restaurants offering a variety of cuisines including a beach bar and grill
Shopping area containing numerous retail outlets plus an Internet cafe and a branch of HSBC Bank
Wifi and cable TV to all apartments
Laundry service which also offers rental changeovers
Pickup service including airport collections
Key handling rental management service
Full post service maintenance and repair service
Manned 24-hour gated security
Guaranteed Rental Scheme offering 8% annual return with two weeks personal usage or 6% annual return with four weeks personal usage.
ANNUAL MAINTENANCE FEES:

Studio - GBP400, One-bedroom - GBP500, Two-bedrooms - GBP600, Three-bedrooms - GBP700

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 29,480
0 (studio) 1
Features:
Beach
City
Private Swimming Pool
Spa
Submission Date:
06-01-2009
Last Update:
09-14-2010
Advertiser Details:


Name:
Rachel O'Dea

Company:
Privilege Estates

Phone:
0044 (0) 2074023327
Fax:
0044 (0) 2074023327
Mobile:
0044 (0) 7779297744

 
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Calculators

 
Property price: €29,480
 

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