Studio apartment Regency Crash Pads Hurghada, Egypt
Asking price of GBP £17,050
Ref: Regency Crash Pads
0 Bedroom(s), 1 Bathroom(s) |
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Regency Crash Pads is a unique development specifically targeted to the large number of divers using Hurghada as a base for exploring the Red Sea, making this an excellent investment for the rental market and personal usage.
The development offers 44 Crash Pad apartments featuring a folding bed unit, with a bathroom and kitchenette.
Regency Crash Pads is located in the El Kawsar region of Hurghada with a beach 600 meters away. It is also well placed for the new Esplanade in Hurghada which boasts numerous cafes, shops, hotels and restaurants.
Completion date: July 2009
FEATURES:
Development designed especially for Divers
Low cost investment with high rental yields
Access to all other Regency projects in the area with a range of facilities
KEY SELLING POINTS:
12 month climate with long and short term letting potential
Freehold property
A booming tourism industry, with numbers having doubled between 2002 and 2006
Tourism predicated to increase at rate of 6% per year
Opportunity to invest early in a vibrant market
Situated on the Red Sea - recently voted best diving destination in the world
Low cost living, maintenance and management costs
No inheritance or capital gains tax
Currently accommodation demand in the area exceeds supply
Hurghada, a vibrant town - with un-spoilt Egyptian culture combined with a modern feel
Tourism growing due to the increase in low cost airlines flying direct to Hurghada
Owners of Regency Crash Pads will also have the exclusive use of the Regency developments facilities, which Includes several eateries; a snack bar, Japanese Teppanyaki Restaurant, sushi bar, piano bar, Italian restaurant and a supermarket.
FACILITIES AND MAINTENANCE
The maintenance of the development will be managed by the developer and is charged at £5 per square metre per annum.
Every apartment has a free scuba locker
24/7 security
PROPERTY MANAGEMENT
A complete property management service will be offered to every buyer and the cost will be 15% of the rental income gained. This service will be managed in house by the developer.
More property photographs
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