Tranquilia Town Apartments
Prices from GBP £24,600
Ref: Tranquilia Town Apartments
2 Bedroom(s), 1 Bathroom(s) |
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EGYPT’S FIRST PURE “DOMESTIC’ BUY TO LET OPPORTUNITY
Tranquilia Town Apartments, the most promising buy to let opportunity available to investors.
Tranquilia Town Apartments is a prestigious residential development in an imposing circular building
Consisting of sixty-five apartments set over five floors in central Hurghada (new town) on the Red Sea Riviera.
The Opportunity
• Landmark residential apartment block in prime central Hurghada location
• Hurghada is Egypt’s second largest Red Sea tourist centre (behind Sharm El Sheikh). In
2006 the region attracted some 250,000 international and domestic tourists.
• All year round rental opportunities: ideal location and facilities to capitalise on stable
residential rental market (e.g. managers of local hotels), therefore significantly reducing
risk of ‘rental void’ periods.
• Zero non construction risk – development completed. Pay off plan prices (due to substantial
refurbishment) that are ready for occupation six months from date contract is signed.
• Relative value in respect of price: apartment available from £470 per square metre.
Comparable developments in Sharm El Sheikh are circa 30% more expensive.
• Very high specification apartments built to European standards with upper floors benefiting
from panoramic views of Hurghada and direct Red Sea views
• Less than 5km from Hurghada International Airport
• All relevant due diligence undertaken
• Favourable tax jurisdiction for foreign investors
• Estimated rental yield of 8%+
An established developer has owned the landmark building since its construction in 1996; they are currently refurbishing the apartments to European standards. One, two and three bedroom residences are available for investors. The development is set one row back from the sea and amongst a cluster of hotels. The locality is extremely well served by buses, taxis and ferries, and all local attractions/amenities can be easily reached. The International Airport is just a short taxi or bus ride away, whilst Cairo lies around 450km north.
• Apartments are finished to an exceptionally high standard
• There are direct sea views from some apartments
• 24 hour reception and security
• Room service will be available
• Air conditioning, satellite TV, dishwasher, microwave, fridge, washing machine and direct
dial phone included.
• Wireless internet access (for a small fee)
• Roof top Jacuzzi and bar, sun lounging area
• Onsite Management Services by Nilotica PM.
Price Examples
1 bedroom apartment with 60m2 prices start from £24,600 - £30,000
2 bedroom apartment with 82m2 prices start from £35,260 - £46,740
3 bedroom apartment with 121m2 prices start from £52,030 - £60,500
Payment Plan
£2000 reservation deposit
90% on signing of the contracts
10% upon completion of refurbishment (6 months)
Inspection trips – please contact us for further information
More property photographs
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