PYRAMISA -- GARANTEED RENTAL FROM 43000 GBP
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Ref: PYRAMISA -- GARANTEED RENTAL FROM 43000 GBP
2 Bedroom(s), 1 Bathroom(s) |
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Guaranteed Rental of 7% per annum to increase in line with unit value for a sustained lifetime return
An outstanding rental investment on Egypt's Red Sea Coast , now with guaranteed developers buy back if you decide you no longer want the apartment.
The development is estimated to receive an annual capital growth of approximately 20%, with management facilities in place by the resort's developer who has other, already established, 5 star-hotel resorts in different areas of Egypt; all with high occupancy rates.
The units are being released at 10% below launch price with a further 10% discount available when choosing the 10% / 90% payment plan.
An additional benefit of investing in Egypt’s emerging market is the absence of taxes associated with property purchase – no stamp duty, no inheritance tax and no capital gains taxes.
The Pyramisa Beach Resort is a five-star hotel resort in Sahl Hasheesh, along Egypt’s Red Sea Riviera. The development consists of 550 units comprising of studios, 1 bed and 2 bedroom apartments, already built having been completed in August 2007.
Purchasers have the opportunity to invest in a leaseback scheme covering a period of 5 years with a renewable contract. Purchasers will then be able to use the property for a period of 4 weeks for all studio apartments and 8 weeks for one and two bedroom units, excluding the major holiday periods of Christmas, New Years, Easter and the month of August.
The luxury all-inclusive resort is built to European standards and features a beach-front location with all of the units benefiting from either sea, pool or bay views. Facilities of the resort include a health club, gym, aquatic sports centre featuring diving, children’s club, shopping arcade and beauty salon.
Sahl Hasheesh (Green Valley) is more than simply a resort, it is an entire town offering many local attractions including diving, desert safaris, water parks, cinemas, casinos and where visitors can enjoy any of the eight planned golf courses located within Sahl Hasheesh.
Rental management facilities for the Resort are in place where buyers are assured with guaranteed rental yields as Pyramisa have high occupancy rates in their other 5 star hotels throughout Egypt.
The resort offers prices at below the market value and the hotel is expected to increase the prices of the whole resort in January 2008. Pyramisa offers a great opportunity to invest in an emerging market.
Facilities:
Five star hotel resort
Health club
Gym with sauna and steam rooms
Diving and Aquatic sports centre
Children’s playground
Shopping arcade
Beauty salon
Beach front location
2 Sea-front outdoor heated swimming pool
Waterslides
5 restaurants and bars
Tennis & Squash courts
More property photographs
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