"Property For Sale in Egypt,

Overview

 

 

• 10 Year Bank Guaranteed Rental 8% annually!!

• NO annual costs!

• Air conditioning included!

• Prices starting from €48,499 (fully furnished)!!

• BIG spacious apartments!!

• Major International Hotel Branding expected!!

• Unique Beach Lodges and Hill Lodges available!

 

 

Completion Date:   December 2012

 

Sea Island - Red Sea Beach Resort,  Marsa Alam offers a range of properties from 1 and 2 bed Hotel-suites, stunning 1 and 2 bed resort Apartments to 3 bed Beach Lodges and unique 2 bedroom Hill Lodges. 

The highest quality materials have been used and the high level of craftsmanship guarantees the properties are finished to the highest standards. 

 

 

 

Within the Sea Island - Red Sea Beach Resort there are quaint outdoor cafes, restaurants and shops, in fact everything you could possibly desire in order to make your dream holiday a reality.  You can sit and relax in the resorts lounge club and take in the beautiful views, while enjoying a refreshing cocktail, you could pamper yourself in the world class Spa or head down to your very own private reef and lagoon for a spot of swimming and diving! 

The Sea Island - Red Sea Beach Resort has plenty of swimming pools and everything can be accessed easily along the meandering walkways. There are a lot of open green spaces providing a real sense of exclusivity. No-one will feel crammed in here!

The Sea Island - Red Sea Beach Resort is very low density compared to most resorts. This is achieved by keeping the apartment blocks small and personal whilst at the same time providing some of the largest floor plans available in Egypt! Where else can you find a 1 bedroom apartment with an 'internal' living space of 76.4 sqm or a 2 bedroom apartment with an 'internal' living space of 114.6 sqm??

Every property comes fully furnished. The furnishings include everything from TV's to toasters to paintings and beds. Nothing has been left out.

There is a choice of 3 payment options:

1. Payment in full which gives you a 5% discount

2. Payment in stages (over the full construction period) at the standard list price, or

3. Payment in quarterly instalments over 24 months (This option effectively requires the developer to subsidise your stage payments and as such attracts a 10% surcharge)

 

 

The Sea Island - Red Sea Beach Resort has its own professional diving school with PADI instructors (Professional Association of Diving Instructors) which offers you the chance to explore the breathtaking underwater world that the Red Sea has to offer. The Red Sea covers a lot of space; however it is worth mentioning that the 'Marsa Alam' area offers some of the very best diving in the world!!

 

 

 

Conceptual Image 

 

 

Sea Island - Red Sea Beach Resort

Investment Features: 

• A superb NEW resort with a magnificent beach front location
• Some of the worlds best diving on your doorstep (with better reefs, marine life and cleaner water than Hurghada)
• NO annual costs for 10 years if utilising the rental guarantee or pool system (no service charge, no maintenance fee)
• Interior warranty - Furniture and interiors fully insured for the 10 year term (any breakages replaced for FREE)  
• Air-conditioning included with all property types (HVAC SYSTEM) central heating, ventilation and air con system
• The resort offers Asian style 3 bedroom tropical beach lodges as an alternative to the usual run of the mill villa (all located close to the sea)
• The only resort in Egypt to offer stunning 2 bedroom detached Hill Lodges all with the most magnificent sea and mountain views.
• Low entry prices with apartments starting from only €48,499 (including furniture!)
• Rental pool system offering high returns (available for all property types). 10% should realistically be achievable.
• ‘BANK GUARANTEED' rental system for 2 bedroom apartments offering 8% NET returns for up to 10 YEARS!
• The bank guarantee commences 18 months from full payment; therefore it is possible (if paying in full) to generate an 8% return BEFORE the resort is finished!
• If the investor notices that the rental pool option is creating more than the guarantee; he or she is free to swap over
• 5 weeks personal usage permitted with rental guarantee & unlimited usage for pool rental option
• The 5 weeks personal usage can be taken ANY TIME of the year
• Fantastic rental potential from diving tourists
• 1 and 2 bedroom penthouses
• 600 metres of private sandy beach and a private reef (unlike Hurghada where most developments offer you a crowded public beach or use of a hotel beach)
• Close to Marsa Alam International Airport (only 15km)
• Freehold ownership
• All funds held in solicitor client account and only released upon the solicitor receiving a satisfactory construction certificate from an independent surveyor
• The resort is not dissected by roads
• Low density build with vast expanses of greenery
• The architect has taken full advantage of the natural terrain and designed 1, 2 and 3 level blocks ensuring spectacular sea views from most properties
• The very well respected architect has a lot of experience with world class resorts. He has worked for Hilton, Marriott and Sheraton to name a few. He has also committed to associating such brands with the Sea Island Red Sea Beach Resort
• Full due-diligence and planning permission in place
• The resort is under Dutch management
• Developer is Dutch and a member of the AIPP and is also a Mondi professional
• Capital appreciation expected to be within the region of 8 to 12% per annum

 

The developer of the Sea Island - Red Sea Beach Resort is a member of HEPCA (Environmental Protection and Conservation Association) thus showing their commitment to protect the reef.

All in all the Sea Island - Red Sea Beach Resort is a very sound investment located in one of the best up and coming property hot spots!!

 

Conceptual Image

 

Sea Island - Red Sea Beach Resort Rental Options:

 

1. Rental Pool (available for every property in the resort) - available for 10 years.

The rental pool returns will depend on the amount of personal use and the actual occupancy levels for the resort. The Rental Pool option provides the most flexibility if longer personal usage periods are required. The rental pool is capped at 10% per year.

 

2. Rental Guarantee (2 bed apartments only) - available for 10 years.

The Rental Guarantee option allows five weeks personal usage each year.

Guaranteed net returns:

• Year 1    -  8%
• Year 2    -  8%
• Year 3    -  8%
• Year 4    -  8%
• Year 5    -  8%
• Year 6    -  8%
• Year 7    -  8%
• Year 8    -  8%
• Year 9    -  8%
• Year 10  -  8%

 

Investors have the option to secure the above returns by way of a Bank Guarantee. This is designed to give you complete piece of mind. It is the bank that underwrites the guarantee and the guarantee is issued directly to you from the bank's own 'guarantee department'.

The rental guarantee comes into effect 18 months after the full balance payment has been received (regardless of construction status). This is obviously very good news for those investors who choose to pay in full. Why? Because it allows you to generate your guaranteed return before the resort is even finished.

 

Conceptual Image

 

 Marsa Alam 

Marsa Alam is truly a tropical paradise. Only a few years ago no one had heard of this small fishing village with its palm trees, mangroves and coral reefs. Marsa Alam has undergone a veritable metamorphosis in a very short space of time and yet it is still considered a peaceful tourist seaside resort where Egyptian culture can still be felt.

The Red Sea is renowned as one of the best diving areas in the world and Marsa Alam is the ideal location to enjoy the beautiful coral reefs and the myriad of fantastic fish. The Sea Island - Red Sea Beach Resort is proud to be an official sponsor of the environmental organization HEPCA who strive to protect and preserve the Red Sea coastline, the coral reefs, marine life and the animal world.