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Samra Bay Marina and Spa Resort, Hurghada Quickspec
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Development name
Samra Bay Marina and Spa Resort, Hurghada, Hurghada, Egypt
Type
Coast
Status
Sold
Planned Completion Date
Sold
Features
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The Best Location in Hurghada – A Unique Development |
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6% Rental Guarantee for 8 Years from a Hotel Operator |
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All Apartments Fully Furnished to 5 Star Hotel Standards |
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Samra Bay Marina and Spa Resort, Hurghada Samra Bay Marina and Spa Resort has all of the requirements to qualify as Hurghada’s flag ship development. Occupying Hurghada’s prime location not only city centre beach front but on the high class Village Road surrounded on all sides by top international hotels including the Hilton, Grand Plaza, Steigenberger and the Intercontinental. It cannot be compared to the developments that offer low entry-level units in poor locations. There is rich vibrant nightlife and amenities attracting the high-end tourist market directly outside the front door. Comparables to Samra Bay are difficult to make as only the 5* hotels mentioned previously offer the same level of benefits.
Add to this 1 km of private city centre beach, 60 berth marina and beach front bungalows and even the hotels are limited in comparison.
Investor opportunities of this nature on the Red Sea Coast do not come along very often hence why demand from both the local Egyptian market and the Eastern European markets has been so high. They understand why Samra Bay is Hurgahada’s flagship development and realize that it offers the investor excellent potential for high capital growth and a strong rental and resale market to sustain and make liquid their investment.
The latest release of Samra Bay in a boutique hotel within the development named Malaki Club and it offers a truly unique investment. All apartments within Malaki Club have been specifically packaged for investors, see below as to why the shrewd money is now being invested in Samra Bay:
• 6% NET rental return for 8 years (inflation accounted for)
• 1st 2 years rental return fully guaranteed by CIB Bank of Egypt
• 8 year rental contract with hotel management company
• Fully furnished apartments to luxury hotel standard
• 3 weeks personal usage per year
• All maintenance charges included
• Flexible payment terms
• All apartments priced in £ (sterling)
• Reputable developer with excellent track record for 5* resorts in the local area finished to European build quality available for clients to view before purchase
FURTHER IMAGES, FLOORPLANS AND PHOTOGRAPHS CAN BE FOUND IN THE CONSTRUCTION PICTURES SECTION - PLEASE CLICK LINK ABOVE.
Location Village Road, Hurghada, Egypt Construction Schedule Building shall be completed by 15th August 2012 at the latest (entire development). Facilities And Maintenance Maintenance is included in the management contracts so no further costs are chargeable. Please contact us for a copy of the contracts.
The site features all activities and services that you would expect from a leading 5 star hotel and the following:
• Marina and Marina Club
• Diving Centre
• Beach Bungalows
• Spa and Beauty Therapy
• Sports and Fitness
• Restaurants
• Shops
• Healthcare Services
• Kids Corner
• Beach Bars and Restaurants
• Lagoon Bridge and Bar
• Water and Beach Sports
Payment Terms Payment plan:
£2,000 reservation fee.
40% on signing of Preliminary Sales Contract
20% on Completion of Construction of the Roof Stage
40% on Delivery (estimated April 2012)
Legal Information Full Due Diligence for this development has been carried out by IPLC (International Property Law Centre LLP) on 7th January 2009. Please contact us to receive a copy of this document. Property Management This development is fully managed by the on-site Management Team. Contracts are already drawn up to provide to all Buyers for the management and renting of the properties, including an 8 year rental guarantee. For copies of the documents, please contact us.
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