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Property for sale information

 
Golden Park - Villas with Guaranteed rental  
Reference nr: MH443223
Description:

3,000 years later and we’re still creating wonders…

Within the lush, landscaped gardens of our exclusive gated community, just moments from the Red Sea.
Custom-furnished to personal 5 star specifications, fully equipped, interior designed and generously proportioned. Beside a world class spa with opulent gym, Jacuzzi, saunas, pools - and dedicated concierge, travel and house-keeping on hand 24/7, award winning Golden Park Resort is now being realised.

From the land of legends, a guaranteed 7% return!

Egypt is emerging as one of the world’s favourite tourist destinations and investors know that where there is growth in this sector, opportunities for sound investments will be prevalent. Finding the right investment with all the necessary legal and planning completed is of paramount importance as is the credibility of the developer. Golden Park is a fantastic opportunity that any serious investor should consider.

The project is being developed by Kimidar Group, Egypt’s second largest tour operator with an existing infrastructure of Hotels and Resorts, which currently services some 4,000 visitors per week at Golden 5 City, Hurghada where occupancy rates are above 85%. In addition, the resort is conveniently located 5km from the new Hurghada £66m airport terminal scheduled for completion in 2011 upon which, arrival capacity will increase from 6.7million to 7.5million passengers.

The Golden Park Resort is an award winning 5 star luxury resort and spa development under construction and located next to Kimidar Group’s largest resort Golden 5 City. This volume of tourism activity that Kimidar Group generate will allow for strong returns and the residential turn-key units are available with a 7% sale and leaseback contract, which also offers owners 4 weeks personal usage.

The properties on offer are Studio, 1/2 Bedroom Apartments and Penthouses through to a range of Villas and prices start from just $69,000 and flexible ownership options are available. Prices include furniture and when buyers assign the property back to Kimidar Group they will receive a 5 year renewable rental guarantee at 7%.

Discover Timeless Living at Golden Park Resort.

Properties are to be sold in US Dollars and is advertised here in Euros at a conversion rate of €1.365 to $1 US Dollar. Prices are subject to change.

Bedrooms: Bathrooms: Price (€):
3 2 278,022
4 3 338,681
Features:
Beach
Private Swimming Pool
Submission Date:
02-10-2010
Last Update:
02-11-2010
Advertiser Details:


Name:
Michael Hradek

Company:
Golden Park

Phone:
+44 (0)207 969 2709
Fax:

Mobile:

 
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Calculators

 
Property price: €278,022
 

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