GBP 29,400 | Hurghada, Hurghada, Hurghada | 1 Bedroom

Egyptian Pearl

£1000 Cash Back on 1 & 2 Bed unitsEqyptian Pearl Apartment comprises of a total of 53 apartments:

6 studios, 10 one-bedroom professional, 25 one-bedroom luxury, 6 two-bedroom and 6 three-bedroom apartments.

A limited number of the following pre-launch properties at Egyptian Pearl are being offered at reduced prices:
Studio Apartments - 474 ft2 (44m2) : £20,900
1 Bedroom Professional - 667 ft2 (62m2) : £29,450
1 Bedroom Deluxe Apt- 786 ft2 (73m2) : £34,675
2 Bedroom Apartment - 1001 ft2 (93m2) : £44,175
3 Bedroom Apartment - 1184 ft2 (110m2) : £52,250

The complex will provide year round services. These are: maintenance, gardening and laundry services. The ground floor will house private facilities including a fully-equipped gymnasium, games room and internet café and business centre.

Egyptian PearlStudio and 1, 2 and 3 bedroom apartments

The internal space has been designed to disperse the beautiful natural sunlight. Open-plan kitchenettes provide owners with the maximum feeling of space within the apartment.

Egyptian Pearl finishes include:

* Polished ceramic floors.
* Tiling in kitchen and bathrooms.
* Windows and doors installation.
* Fitted wardrobes in bedrooms.
* Electrical installation.
* Pre-installation for digital TV platforms as well as sockets for telephone, television and data lines.
* Fitted kitchen with base units, stainless steel sink, granite worktops and mixer taps.
* Bathroom sanitary fittings in white porcelain (toilets, sinks & baths/showers) with mixer taps and extractor fans.
* Central water heating.

Geographical Location

The Red Sea coast stretches for more than 800 KM from the Suez Canal. Hurghada is situated south of the Sinai Peninsula, on the shores of the Red Sea coast, and east of the Eastern Desert.

Getting There

Egyptian Pearl is only 10 minutes from Hurghada International airport.
Direct weekly flights to Europe's major airports.
Flight time: 4.5 hours from the UK (Egypt Air and BA)

Munich - 4 hours
Rome - 3.5 hours.
Under 4 hours from most other major European cities.

Payment Plan/Buying Information
£1,000 reservation deposit deducted off initial payment
40% - Within 21 days
60% - On completion.


Buying Costs

Registration and Legal Fees £995

Maintenance and Running Costs

£500 per annum for a studio.
£600 per annum for a one-bedroom.
£700 per annum for a 2/3 bedroom.

Annual Real Estate Tax: £50 (500 EGP).

There is no VAT, no Government tax, no inheritance tax Property is Freehold. Property can be sold on at anytime

Mortgages

A capital and repayment type mortgage, subject-to-status, on 60% of the purchase price is available at 7.9% flat rate for a maximum period of 10 years.