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Property for sale information

 
Lotus Breeze, Hurghada - Ideal Ivestment Opportunity  
Reference nr: LH330533
Description:

AN IDEAL OPPORTUNITY TO INVEST IN EGYPT'S RAPIDLY EMERGING PROPERTY MARKET

Completion Date : August 2009

A gated European style development Lotus Breeze is situated within the Intercontinental area of Hurghada, located behind the Hilton Hotel and less than 50 meters from the main promenade leading to the beach. The complex will consist of luxurious studios, one, two and three bedroom apartments complete with their own private terraces and stunning views from almost all apartments. Lotus Breeze is within easy reach of the promenade providing you with a wide range of international eateries, bars, shopping malls, nightlife and much much more.

From the creative layout of the apartments to the full complement of the recreation facilities available to residents everything at Lotus Breeze has been created with convenience and lifestyle in mind.

Key Features:

Freehold apartments
Spectacular views of the Red Sea
High Capital appreciation expected
Expected Rental Yields of 11% - 23% p.a.
Easy payment plan
Mortgages available up to 60% LTV
Rental and maintenance service
Communal roof top terrace with swimming pool, bar and restaurants
10 minutes from Hurghada International Airport
Luxury furnishing packages available


Lotus Breeze has been developed with the environment in mind:

A pre-build Environmental Impact Assessment was carried out
A local Brownfield site was used
A low amount of embodied energy has been used in construction
Using locally sourced building materials and energy efficient glass
Water for the site is sourced from a desalinisation plant
Solar thermal heaters have been used
Carbon offsetting has been carried out through extensive planting of tropical gardens on site



Features:

Roof top swimming pool/bar & restaurants Private Terrace
Landscaped gardens
Spectacular views of the Red Sea
On-site management service
Supermarket
Pharmacy
Coffee Shop
Health Club
24 hour Security
Internet
Freehold
Location:
Hurghada is split into three main districts: Dahar (old downtown), Sakalla (new downtown) and Village Road/Intercontinental area (hotel and residential district). Lotus Breeze is located in the Village Road area which is one of the quietest places in Hurghada. You will be surrounded by opulent and luxurious resorts such as the Hilton, Intercontinental and Grand Plaza; there are shops, restaurants and bars. Hurghada International Airport is just 10 minutes away.

Payment Plans:

Option 1

Reservation Fee 1,000 GBP – Fully refundable within 28 days
1st Installment 40% less Reservation Fee - On signing of preliminary contract
2nd Installment 30% - 6 months from reservation
Final Installment 30% On completion

Option 2

Reservation Fee 1,000 GBP – Fully refundable within 28 days
1st Installment 50% - less Reservation Fee - On signing of preliminary contract
Final Installment 50% On completion


Once the property has been completed, registered and all utilities are connected the Mortgage pays the final installment - subject to Morgage approval.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 31,673
1 1 36,106
2 1 51,732
3 1 64,521
Features:
Beach
Submission Date:
01-15-2008
Last Update:
11-20-2008
Advertiser Details:


Name:
Laurie Hain

Company:
Off Plan Planet

Phone:
01517079335
Fax:
0870 141 2468
Mobile:
+44 0 7710 515144

 
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Calculators

 
Property price: €31,673
 

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