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£19,178 / 0 bedrooms / Egypt, Hurghada
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Property ref: 457 / Property Price: £19,178 / Property Type: Apartment /
Bedrooms: 0 /
Location: Egypt, Hurghada / Plot Size: / Build Size: 28sqm / Contract: Freehold
Description:
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10% discount until end of March.
Nour Plaza studio apartment, including European finishing, deposit Just £6,712
The development consists of a selection of studio, 1, 2 and 3 bedroomed apartments, all completed to European finish, with prices starting from only £19,178.
The Nour Plaza project is located directly across from the gates to the public beach offering superb views of the crystal waters of the Red Sea. Being only 10 minutes from the bustling town centre of Hurghada, with El Gouna and its 18-hole PGA professional golf course a mere 15 minutes away and Hurghada International Airport reachable in just 10 minutes, it is one of the most accessible locations.
The Red Sea provides the perfect blend of ingredients for anyone looking for the perfect sunny property in a land that is immersed in history and ancient treasures.
The beautiful clear blue waters of the Red Sea Riviera make Hurghada into one of the top sites in the world for diving, with an abundance of marine life to see and enjoy, with the warm waters and the unique offshore gardens creating an ideal haven for many varieties of rare fish and coral reefs. It is also an international centre for aquatic sports including windsurfing, sailing, deep-sea fishing, swimming and snorkelling. Hurghada is known for providing access to many uninhabited offshore reefs and islands. It is truly an all year round tourist destination with twelve months of sunshine, and very rarely a cloudy day!
Nour Plaza is an excellent development located in Hurghada in the Al Ahyaa area, between El Gouna resort and Calemera resort, close to the beach, ideal for sunny holidays and diving trips.
Distance from other areas:
- New 20,000 square meter shopping mall only 250 meters away.
- 10 minutes to Down Town Hurghada.
- 15 minutes to airport.
- 10 minutes to El Gouna's 18-holes Championship Golf Course and Golf club.
There will be a total of 212 units (Building 60%), with completion end of Autumn 2010. The developer has a good track record and has completed a number of developments in Hurghada,
The developer has already broken ground on this project.
The building and facilities consist of:
- 10 years builder's guarantee
- All properties are completed according to European finishing standards
- Wide green land in front of the project
- Large swimming pool including children's section
- Children's play area
- On site lifeguard
- Fully equipped gymnasium
- Satellite TV, telephone and internet connection points in all properties
- Pre-installation of air conditioning
- Elevators to all floors
- Manned 24 hour gated security
- Taxi service including airport pick-ups
- Full maintenance and repair service
- Regeneration / decoration programmed on a 3 years frequency
- All facilities are run and managed by developer to maintain quality of service
- On site shuttle Bus to Down town all the week for shopping
Also planned for the immediate area is a new retail area with a large supermarket, shops and light show to provide additional entertainment.
Reasons to buy:
- Egypt has steady year on year Capital Growth of 20-30%
- Rental Yields in this area are around 8%
- 12 month climate with plenty of letting potential.
- Freehold property.
- A booming tourism industry, with numbers having over doubled between 2002 and 2007.
- Large volume of investment finance being placed in Hurghada
- 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.
- Currently accommodation demand in the area exceeds supply.
- Hurghada, a vibrant town - with culture combined with a modern feel.
- Tourism growing due to the increase in low cost airlines such as EasyJet flying direct to Hurghada.
Studio from ?19,178
1 Bed from ?26,199
2 bed from ?45,993
Deposit Structure:
- £1,000 Reservation fee
- 35% initial deposit
- 15% every 3 months ( 4 payments)
- 5% upon completion
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These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment. The price in UK pounds is indicative, and may vary according to exchange rates at the time of purchase.
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