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Property for sale information

 
Pyramisa Beach Resort & Spa  
Reference nr: PG397132
Description:

Own your own piece of 5* luxury with an apartment in the Pyramisa Beach Resort, Sahl Hasheesh, Egypt. Located on the beach, prices are from £43,945 for a fully furnished studio apartment and £96,632 for a fully furnished one bedroom apartment.

The highly respected and stock market listed Pyramisa Group are selling the freehold of some of the apartments within this magnificent 5* hotel. These apartments are an investors dream as they:–

• Have a guaranteed leaseback option of 7% per annum that is index linked, includes transferable personal use and is for 10 years
• Have an optional buy back guarantee within years 2-9 of ownership
• Are available to purchase with either a 75% mortgage over 10 years or a non status mortgage of 50% over 5 years
• Are fully completed and widely marketed
• Purchasing and Owning attracts No VAT, No Capital Gains Tax, No Inheritance Tax
• Have minimal ongoing costs

All investors will be able to enjoy the outstanding facilities of the hotel which include a private sandy beach, 2 main restaurants, 3 speciality restaurants, pool and beach bars, 2 large outdoor swimming pools with water slides, health club, aqua sports and diving centres, tennis court, children’s playground and shopping arcade.

Most apartments have sea and / or pool views as the whole development is orientated towards the sea. The development has a full 10 year building guarantee in place and is already used by a number of leading tour operators.

The annual maintenance charge includes all internal and external maintenance, electricity and water usage and investors will also enjoy the free daily housekeeping service as well as linen and towel changes.

The Pyramisa Beach Resort is a 5* development in a 5* area. Sahl Hasheesh is a planned to be the highlight of Hurghada with only luxury developments on the beach being surrounded by three international 18 hole golf courses. This type of development will ensure that Sahl Hasheesh retains its reputation as a premium destination and attract clients who are happy to pay for excellent accommodation.

Sahl Hasheesh boasts hot summers and warm winters with 365 days of sunshine per year. The average summer temperature is 35 degrees and the average winter temperature is 22 degrees.

Low cost carriers already fly the 5 hours from the UK to Hurghada Airport which is only 18km away from Sahl Hasheesh. Easyjet has also recently announced its new service from London which commences on the 7th November 2008. History has shown that property prices increase whenever Easyjet and other low cost airlines add them to their schedules.

Bedrooms: Bathrooms: Price (€):
0 (studio) 1 54,500
Features:
Beach
Furnished
Golf
Spa
Submission Date:
09-09-2008
Last Update:
09-09-2008
Advertiser Details:


Name:
Phil Grimes

Company:
Select Property Overseas

Phone:
0044 845 430 1404
Fax:

Mobile:
0044 7970 189967

 
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Calculators

 
Property price: €54,500
 

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