Apartamento
The Brief: Situated front-line to the Red Sea, the new Marsa Alam beach resort lies only 45km south of the Marsa Alam International Airport and 20km north of Marsa Alam city. The development consists of 1,500 one and two bedroom apartments set in a beautiful gated 5 star resort. Apartments are available now at a 10% pre-launch discount. The Property in Brief: • Front-line beach resort development • Five star luxury at 2 star price • 500M Private Beach • Excellent facilities • Units sold freehold The Property in more Detail: Marsa Alam residents live in the lap of luxury, the apartments are finished to the highest standards and have all mod-cons including wireless internet connectivity in all apartments. But it is when they step outside that they truly realise just how luxurious their holiday resort home is, whether enjoying the sun on their own private terrace, stepping out to the resort's stretch of private beach, possibly to dive the coral reef, or simply to enjoy the facilities and activities in and around the resort including: Salt and fresh water swimming pools, a marina, scuba diving school and water sports diving shop, restaurants, bars and a nightclub, shops and supermarkets, wellness fitness centre, tennis courts and mini golf. The resort also has a wealth of conveniences for its residents including: 24 hour concierge, reception and room services, Medical and dental surgery 24hr in-house security services, shuttle service and limo service. The Opportunity in Brief: • Prime beach-front location, low price-tag • Plenty of room for capital growth and strong rental yields • 6% rental guarantee year 1, ascending year-on-year • 15-25% immediate growth expected on completion The Opportunity in more Detail: The Marsa Alam resort is an excellent investment opportunity. The 10% pre-launch discount becomes immediate equity, and should be joined by a further 15-25% growth upon completion of the development. There are no similar resale properties in the area, so that projection is based on the low-starting price and the prices now commanded in other popular locations on the Red Sea coast, i.e. £67,000+ for a studio etc. Guaranteed rental yields ascend in 2% increments from 6% in year 1 to 14% in year 5 -- a testament to growing rental demand in the area. The Location: Marsa Alam is located in the south of the Egyptian Riviera on the Red Sea approximately 300km south of Hurghada. The popularity of the region as a diving destination led to the construction of the Marsa Alam International Airport, which lies just 45km north of the resort. With direct flights from London and many other European destinations now available, the area is seeing an explosion in tourism growth and development. http://www.arkadia.com/zpoc-t156351/