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Tiba Towers 2
Tiba Towers 2 is one of the best value developments that we have ever featured and so we are expecting very big things of it. The combination of small unit sizes, a low price/m2 and a generous paym... Prices From: £13,000
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Property Overview
Price: £26,934
Location: Marsa Alam, Marsa Alam, Egypt
Property Type: Apartment
Number of Beds: 1
Swimming Pool: Yes
Listing Type: Off Plan
Property Reference: PA53-AzuRedSeaBeachResort
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Property Details
Overview * 10 Year Bank Guaranteed Rental! * NO annual costs! * Air conditioning included! * Prices starting from €29,990! Completion Date: Late 2011 The Red Sea Beach Resort, Marsa Alam offers a range of properties from 1 & 2 bed Hotel-suites, stunning 1 & 2 bed resort Apartments to 2 & 3 bed Beach Lodges. The highest quality materials have been used and the high level of craftsmanship guarantees the properties are finished to the highest standards. Investment Features: * A superb NEW resort with a magnificent beach front location * Some of the worlds best diving on your doorstep (with better reefs, marine life and cleaner water than Hurghada) * NO annual costs for 10 years if utilising the rental guarantee or pool system (no service charge, no maintenance fee) * Interior warranty - Furniture and interiors fully insured for the 10 year term (any breakages replaced for FREE) * Air-conditioning included with all property types * The resort offers Asian style 2 and 3 bedroom tropical beach lodges as an alternative to the usual run of the mill villa (all located closest to the sea) * Low entry prices with apartments starting from only €35,989 (including furniture!) * Rental pool system offering high returns forecast at over 10% (available for all property types) * ‘BANK GUARANTEED' rental system for 2 bedroom apartments offering 8% NET returns for up to 10 YEARS! * The bank guarantee commences 18 months from full payment; therefore it is possible (if paying in full) to generate an 8% return BEFORE the resort is finished! * If the investor notices that the rental pool option is creating more than the guarantee; he or she is free to swap over * 5 weeks personal usage permitted with rental guarantee & unlimited usage for pool rental option * The 5 weeks personal usage can be taken ANY TIME of the year * Fantastic rental potential from diving tourists * True 1 and 2 bedroom penthouses with roof top terraces (all with sea views) * 300 metres of private sandy beach and a private reef (unlike Hurghada where most developments offer you a crowded public beach or use of a hotel beach) * Close to Marsa Alam International Airport * Freehold ownership * All funds held in third party Escrow facility for protection of client funds * The resort is not dissected by roads * The resort is NOT being sold in phases allowing the investor to take his or her pick of ANY property in the resort * Low density build * Full due-diligence and planning permission in place * The resort is under Dutch management * Developer is Dutch and a member of the AIPP and is also a Mondi professional * Capital appreciation expected to be within the region of 8 to 12% per annum The developer is a member of HEPCA (Environmental Protection and Conservation Association) thus showing their commitment to protect the reef. All in all a very sound investment located in one of the up and coming property hot spots!! Facilities: * Spectacular views * Air conditioning in all apartments * Spa, wellness, hair salon, massage and beauty centre * Restaurants, cafes and lounge bars * 24-hour Reception & Room service * Laundry service * 24-hour Security service * Lifts * Children's playground * 300 metres of private sandy beach * 7 Swimming pools * Coral reef situated directly in front of the beach * Landscaped botanical gardens complete with ponds and fountains * Internet available in all apartments * On site medical facilities * Supermarket * Cinema * Car rental and shuttle services * Travel and excursion agency * Camel, quad or jeep safari experience * Fishing * Beach sports * Para-sailing, water skiing, scuba diving and snorkeling * Kite and wind surfing * Catamaran and sailboats * Two private Jetties * Diving and water sports shop * Approved Diving school (PADI - Professional Association of Diving Instructors)
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