The Opportunity Landmark residential apartment block in prime central Hurghada location Hurghada is Egypts second largest Red Sea tourist centre (behindSharm El-Sheikh). In 2006 the region attracted some 250,000 internationaland domestic tourists. All year round rental opportunities: ideal location and facilities tocapitalise on stable residential rental market (e.g. managers of localhotels), therefore significantly reducing risk of rental void periods Zero non-construction risk - development completed. Pay off-plan prices(due to substantial refurbishment) without normal lead time-apartmentsready for occupation six months from date contract is signed Relative value in respect of price: apartments available from 479 persquare metre. Comparable developments in Sharm El-Sheikh are circa 30%more expensive Very high specification apartments (to European standards) with upperfloors benefiting from panoramic views of Hurghada and direct Red Seaviews Less than 5km from Hurghada International Airport All relevant due diligence undertaken Favourable tax jurisdiction for foreign investorsKey Points for Potential Investorsand TenantsTranquilia Town Apartments sit atop a shopping mall on Sheraton Road in El Sakkala -Hurghadas new town. The development is set one row back from the sea and amongsta cluster of hotels (El Pacha, Sea Gull and Mina Mark hotels are its neighbours).The locality is extremely well-served by buses, taxis and ferries, and all local attractions/amenities can be easily reached. The airport is just a short taxi or bus ride away, whilstCairo lies around 450km north.One, two and three bedroom residences are available for investors at Tranquilia TownApartments. Please note the following: apartments are finished to an exceptionally high standard. Sea views from some apartments 24 hour Reception and security room service will be available air conditioning, satellite TV, dishwasher, microwave, fridge, washingmachine and direct-dial phone included Wireless internet access (for a small fee) roof top Jacuzzi and bar, sun lounging areaInvestment BreakdownTwo ExamplesThe examples reflect a 73sqm & 125sqm apartment, both of which are suitable for twoor more people staying on a medium/long term basis.Rental income is calculated to accrue from a 9 month period (allowing for 25% nonoccupancyduring the year). Rental income could be significantly higher (ie 25% higher)if your apartment(s) are occupied year-round.Example 1Rental example on a 35,000 apartmentBasis of 40 week occupancy 70/30 Client/Agency splitWeekly rent 100.00Gross rental 4,000.00Agency fee 1,200.00Net rent received 2,800.00 - 8% rental yieldCosting:Core cost of apartment 35,000Legals 1,000Furniture pack Available on requestGovernment Purchase Fee 300Example 2Rental example on a 60,000 apartmentBasis of 40 week occupancy on a 70/30 Client/Agency splitWeekly rent 156.00Gross rental 6,240.00Agency fee 1,440.00Net rent received 4,800.00 - 8% rental yieldCosting:Core cost of apartment 60,000Legals 1,000Furniture pack Available on requestGovernment Purchase Fee 300Note:The summary is based on a 73 & 125 Sqm apartments, two bedrooms, therefore suitablefor two or more people staying medium/long term in the apartment. This is based on arealistic rental over a 9 month medium term rent allowing for 25% downtime of rentalincome during the year.Pooled rentalThe management company will pay out received rental to investors on a pooled rentalbasis each and every 6 months, after the initial 6 months refurbishment period totheir nominated bankers. The apartment must be made available to the managementcompany for it to be part of the pooled rental scheme then the rental income is sharedequally between the apartments on a square meter basis. Therfore if for any reason, ofthe total apartments that are available for rental, an apartment is not rented out for aperiod of time, it still earns rental income on a shared basis as the investment is partof the re