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Property for sale information

 
Samra Bay Marina & Spa Resort  
Reference nr: LH188700
Description:

BRAND NEW PRE-LAUNCH!! 10% DISCOUNT OFF PURCHASE PRICE
WHILE STOCKS LAST!!!

Completion Date: End of 2011

Samra Bay Marina & Spa Resort is the new 'hot spot' of the Red Sea, developed directly along the Golden Mile of Hurghada, the extensive pedestrian promenade Village Road, close to the best hotels in the city. This top class development has been designed around its own lagoon and has a beach front of more than 1 km; all apartments will have sea views. The ambitious architecture, conceptual design features, intelligent room layouts and ample spacing will appeal to the most discerning investor.
The first phase of the development Abrim Residences located in the heart of Samra Bay has just been released and offers luxurious studios and 1 and 2 bedroom apartments (with the option to purchase the apartment fully furnished). Investors will have access to all the amenities at Samra Bay Marina & Spa Resort which include swimming pools, Spa and fitness centres, children's area and restaurants offering international menus.
Hurghada International Airport is nearby and there are excellent weekly flights from the UK, flight time is approximately 4.5 hours.

Features:

Beach location
Open-air lounges on the roof
Floor tiling throughout
Wall tiling to Kitchen & Bathroom
Choice of furniture package & kitchens available
Room-service
Serviced laundry in-house
Internet connection in every room
Sat-TV
Freehold ownership

Resort Features:

Marina / Club
Spa & Beauty Club
Sport & fitness club
Diving Centre
Aquatic Sports Centre
Entertainment Centre
Beach Bars & Restaurants
Beach Sports Area
Beach Bungalows
Supervised Children's Corner
Barbeque area
Various Pool areas
Restaurants
Shopping area
Supermarket, Cafe & Shops
Medical care on site
24hr Security
Landscaped gardens

Prices:

Studio from 60,000 Euros
1 Bed Apartment from 72,500 Euros
2 Bed Apartment from 132,500 Euros

Payment Plan Option 1
Available when purchasing Studios and 1 bed Apartments

1st Installment 40% on signing Contract
2nd Installment 20% 12 months later
Final Installment 40% On Completion

Payment Plan Option 2
Available when purchasing 2 bed Apartments

1st Installment 30% on signing Contract
2nd Installment 20% 12 months later
Final Installment 50% On Completion


17 Good Reasons to Buy:

Unique beach location in Hurghada
Excellent capital growth
Purchase directly from reputable Developer
Attractive prices start from £1,000 per square metre
Payment terms 40% on signature - 20% after 1 year - 40% after delivery
All payments handled by Escrow Agent
Top quality construction
Air Conditioning included
Scheduled completion 2011 (watch your investment grow)
Great rental returns
Stunning ocean views
Beautiful landscaped gardens
Private pool areas
Spa, sports & leisure facilities on site
Open-air-lounges on roof
LAN Internet connection
Excellent weekly flight connections from UK to Hurghada

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 60,000
1 1 72,500
2 2 132,500
Features:
Beach
Spa
Submission Date:
07-04-2008
Last Update:
07-04-2008
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: €60,000
 

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