Property for sale in Naama Bay

5/2/2008 - EGYPTIAN REALITY GROUP

Naama Bay Sharm el Sheikh Egypt Apartment for sale, with 2 bedrooms and 1 bathrooms only 60,000 GBP yearly Starts from. Size of Apartment is 120 sq m this listing by EGYPTIAN REALITY GROUP on 2 May 2008. Quote ref. 4. View from compound Building Kitchen Compound

Apartment Off-plan in Naama Bay Sharm el Sheikh, Egypt

Property in Sharm el Sheikh | Property in Egypt | Back

Bedrooms: 2

Bathrooms: 1

Size: 120 sq m

Price: 60,000 GBP yearly Starts from

(EUROS) € 74,826
(GBP) £ 60,000
(US) $ 118,848

Finance this property from 178.5 GBP (€ 222.61/ £ 178.5/ $ 353.57) per month - see our Egypt mortgages info

Apartment Description

Complited compound

50% deposit 50% credit 0 interest for 1 year

rental garantee

20-25% annualy increasing the proprty value

ROYAL OASIS compound in heart of Naama BAy on the cliff.Complited.Rental Garantee 8% of apartment value.
50% deposit, 50% credit for 1 year.

Description Resort positioned on cliff of Naama Bay, ensures great views and a cool breeze through your window. Also planned is direct access from the resort by way of a moving stair case down into the bustling, lively town of Naama below.

The apartments are bright, airy and spacious, designed and developed with European taste in mind. The kitchen is fully fitted with integral fridge and microwave oven. Each apartment has plenty of large windows, most slide open to allow the breeze to drift through the apartment. Air condition is fully fitted within the price.
The great advantage of this project is that it is attached to a hotel, so there will be the opportunity to rent the property through the hotel.

Access to the beach: Shared private beach, 6 minutes walk
Swimming pool: 1 swimming pool and possibility of using hotel's swimming pool.
Total area: 120 apartments
Prices per meter : £ 1000 ALL PRICES INCLUDE FITTED KITCHEN WITH APPLIANCES(please,find photo below), SHOWER CABINE

1 bedroom 1 bedroom 2 bedrooms (2 Bathrooms)
65 m² 70 m² 125 m²
£65 000 £70 000 £125 000

Facilities
• Two restaurants,
• café/pool bar,
• Cocktail Bar,
• English Bar, Nightclub.

Delivery date: 60 days from date of purchasing.

Terms of Payment: 50% contracting deposit
50% installments for 1 year without interests.

Maintenance charge: 500 L.E. monthl

Property management: possibility renting through the management of the hotel as the hotels suit( rental garantee 8% annualy of the apartment value.)

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Egypt Mortgages: Example for REF 4

( Apartment Off-plan in Naama Bay Sharm el Sheikh, Egypt )

Interest only mortgage

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 18,000 GBP
70 % Financed = 42,000 GBP
Monthly mortgage repayment = 178.5 GBP (€ 222.61/ £ 178.5/ $ 353.57)

Capital repayment mortgage:

Example APR = 5.1 %
Example Mortgage Term = 30 years
30% Deposit = 18,000 GBP
70 % Financed = 42,000 GBP
Monthly mortgage repayment = 228.04 GBP (€ 284.39/ £ 228.04/ $ 451.7)

Correct as at Sunday, July 20, 2008