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Affordable property in Egypt.
Egypt is perfect for short term holiday
rentals.
Pyramids Two Red Sea Resort
Pyramids 2 Red Sea Resort in Egypt by the shores of the Red Sea in the beautiful town of Hurghada.
The permanent summer weather and leisure activities, including desert safaris, diving and golf make this a very most popular. This development is 10mins from the International airport, 10 minutes from the centre of Hurghada and 15mins from El Gouna
The first phase on this development consists of 192 European style apartments and is a selection of studio’s, 1, 2 and 3 bedrooms Prices start from an amazing £15,000 for a studio
The apartments are only 250 meters away from the Red Sea and have amenities such as communal gardens, large swimming pool, laundry service, fully equipped gymnasium, roof top barbeques, café bar with internet business centre as well as a restaurant offering various cuisines.
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Prices
Studios from £15,000-34.2sqm
1 Bed apartments from £27,000-56.4sqm
2 Bed apartments £37,000-76,2 sqm
3 Bed apartments from £49,500-115.2 sqm
Payments
Payment terms for each sale are as follows:
10% initial deposit
40% on contracts (normally within 30 days)
25% interim payment
25% on completion (Summer 2009)
Built by UK developer with 10yr build guarantee and finished to European standards
Early Resale Option
With Hurghada being one of the leading emerging markets in the world and the extraordinary increase in property price per year it makes the early resale option on the Pyramids 2 Red Sea Resort a major consideration for those who only want to short term invest.
The early resale option is available to any purchaser at anytime through the build process after the first 50% deposit has been paid. (Normal payment terms still apply)
Below are a few examples of an estimated early resale.
Example 1
- £20,000.00 original sales price
- £10,000.00 deposit due on unit purchase (50%)
- £26,000.00 estimated value 10 months after purchase (30% capital growth)
- £6,000.00 estimated gross profit made
- £2,600.00 estimated financial and administration charges (10% of selling price)
- £3,800.00 estimated net profit over 10 months (38% net profit on investment)
- Not forgetting the multi-purpose discounts – these still apply to the early sales option.
Example 2 (Investors based on 5 properties at £20,000)
- £100,000.00 original sales price
- £5,000.00 discount (5% on 5 or more purchases)
- £95,000.00 net sales price
- £47,500.00 deposit due on unit purchase (50%)
- £130,000.00 estimated value 10 months after purchase (approx 30% capital growth on gross purchase price)
- £35,000.00 estimated gross profit made
- £13,000.00 estimated financial and administration charges (10% of selling price)
- £22,000.00 estimated net profit over 10 months (approx 46.31% net profit on investment)
The above examples do not represent actual or any guaranteed sales or profits; they are merely shown as examples.
Please contact us for further details.