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Property for sale information

 
LAS CABANAS APARTMENTS & VILLAS  
Reference nr: RO612826
Description:

Are you kicking yourself at not buying into one of Egypt's super-luxury resort such as Sahl Hasheesh or El Gouna when they were recently launched and still available at rock bottom prices?

If so,LAS CABANAS at Marsa Alam could be exactly what you are looking for because the development is the first phase to be released of an entire new tourist resort known as the Oriental Coast.

Taking advantage of the beautiful and unspoiled beaches and the fact that the Marsa Alam offers some of the very best diving sites in the entire world, the Oriental Coast is a vast development which is being built in phases over a ten year period. Upon completion, the resort will feature more than ten different hotels, a marina and golf course, together with many villas and apartments and the shops, bars and restaurants to go with them.

The entire development is located on a plot with a total area of 6.5 million m2 along 7.5km stretch of coastline.

Las Cabanas features luxury apartments of one, two and three-bedrooms together with four different types of villas, all of which are able to benefit from the adjacent Sunrise Oriental Dream Resort Hotel, which is due to open in October 2008.

Facilities:


Just 20m from the resort's unspoiledsandy beaches
Some of the best diving and snorkelling in the world right on your doorstep
Access to all of the attractions of the Oriental Coast resort including an 18-hole golf course, marina and shopping malls
Use of clubhouse with large swimming pools for adults and children, plus children's play area
Lush tropical gardens
Low density development containing a low ratio of buildings
On site shops and supermarket
Discounts at the restaurants in the attached Sunrise Oriental Dream Resort Hotel
Parking spaces
Centralized satellite television
Housekeeping service
24 hour security
Full management service available through the attached hotel
Maintenance fees- GBP 500 for apartments; GBP 1000 for villas
Several of the buildings in Las Cabanas are already completed. Handover of the remaining buildings will continue over the next two years

Bedrooms: Bathrooms: Price (€):
1 1 34,838
Features:
Beach
Golf
Spa
Submission Date:
01-11-2009
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: €34,838
 

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