Reference: PYRAM2STUDIO1 | 
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Pyramids 2
Red Sea, Egypt
- Location: Hurghada
- Type: New - Off Plan
- Bedrooms: 0
- Bathrooms: 1
- Furnished: No
- Pool: Communal
- 500 mtrs to beach
- large swimming pool
- close to mini market
- Large communal roof with BBQ s
- childrens play area
- restaurants offering various cuisines
- Key handling rental management
- Laundry service
- 12 months rental season
- Shuttle bus for airport pick ups etc
The Pyramids 2 Red Sea Resort consists of spacious studios, 1, 2 & 3 bed apartments, Rental management available with excellent rental potential, situated 500mtrs from the shores of the Red Sea, in the town of Hurghada, has a perimeter wall 24 hour security gated and many on site facilities as well as town centre close by
The resort will comprise of a variety of studios, 1 bedroom, 2 bedroom and 3 bedroom apartments, all freehold.
Studio apartment, 31.2 to 48.6 sq mtrs, from GBP 15,000
1 bedroom apartment, 50 to 70.8 sq mtrs, from GBP 27,000
2 bedroom apartment, 76.2 to 102.6 sq mtrs, from GBP 37,000
3 bedroom apartment, 115 sq mtrs, from GBP 49,500
Examples of expected rental returns in GBP
Studio apartment purchase price 15,000
Short let at 110 per week 6 months = 2,860 (19.06%)
Medium let at 110 per week 10 months = 4,730 (31.53%)
Long let at 90 per week 12 months += 4,680 (31.2%)
1 bedroom apartment purchase price 27,000
Short let at 180 per week 6 months = 4,860 (17.33%)
Medium let at 160 per week 10 months = 6,880 (25.48%)
Long let at 140 per week 12 months = 7,280 (26.96%)
2 bedroom apartment purchase price 37,000
Short let at 190 per week 6 months = 4,940 (13.35%)
Medium let at 180 per week 10 months = 7,740 (20.92%)
Long let at 170 per week 12 months = 7,740 (23.89%)
3 bedroom apartment purchase price 49,500
Short let at 230 per week 6 months = 5,980 (12.08%)
Medium let at 210 per week 10 months = 9,030 (18.24%)
Long let at 200 per week 12 months = 10,400 (21.01%)
Discounts are available for multiple purchases.
Early resale option
With Hurghada being one of the leading emerging markets in the world and the extraordinary increase in property price per year makes the early resale option on the Pyramids 2 Red Sea Resort a major consideration for those who only want to short term invest.
The early resale option is available to any purchaser at anytime through the build process after the first 50% deposit has been paid. (Normal payment terms still apply)
Large communal roof with BBQ s, large swimming pool set in tropical gardens , with childrens section with on site lifeguard, cafe bar with Internet business centre, tropical gardens, fully equipped gymnasium, mini market, childrens play area, laundry service, and restaurants offering various cuisines (all within a manned 24 hour gated environment). On site beach Shuttle bus, taxi service and airport pick ups.
Laundry service which also offers rental changeovers.
Manned 24hour gated security.
Full maintenance and repair service.
Sight seeing tour operator.
Key handling rental management service
The Red Sea Rivieras warm climate makes it an ideal destination at any time of the year. There are two seasons: a hot summer, which runs from May to October, followed by a mild winter for the remaining months. Temperatures range from a minimum average of 18 C in winter, with cool nights, to 36 C in summer, with comfortable warm nights, hence a 12 months rental season.
Normally, in Egypt, new build property is sold as a shell. Doors and windows are not installed, walls and floors are not finished, and kitchens and bathrooms are not equipped. We provide European Design & Finish, which includes; polished ceramic floors, tiling in kitchen and bathrooms, windows and doors installed, all electrical installations, 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 or showers) with mixer taps.
Furniture and kitchen appliances are not included in the sale price, but will be available as furniture packs.
The developer has full legal title to the land, and all the necessary licenses and planning permissions have been obtained, and are available on request, with a 10 years builders warranty.
Capital repayment type mortgage are available, subject-to-status, on 65% of the purchase price and is available after completing as a release of equity basis.
Price: From €20,000
