Properties overseas - Egypt
N 31331 Contact information: +7 (926) 236-7037, +7 903 7967498
Object:
     Paradise Gardens townhouses
Price:
     366.85K EUR 
Area:
     253 sq.m. 
Region:
     Egypt, Hurghada
Address:
     Sahl Hasheesh
Description:
     Are you looking to buy into the luxurious new resort of Sahl Hasheesh but find that the entry costs for buying into one of the beachfront properties is too high for you and the selection of apartments left available too limited?
     
     If this is the case, Paradise Gardens could very well be the right project for you. There is a wide range of different sized apartments available, starting from 60m2 studios from EUR56,810 (GBP53,493) going up to four-bedroom 299m2 villas for EUR421,590 (GBP396,977) with several different options for one, two and three-bedroom apartments in between.
     
     Paradise Gardens occupies probably the best non-beachfront plot in the Sahl Hasheesh resort, being located adjacent to the only public beach on the resort. Golf fans will love the fact that it backs onto one of the resort's three PGA Championship courses and all buyers are going to benefit from the vast swimming pools inside the resort and the area full of shops, bars and restaurants located right next to the plot.
     
     Investors in Paradise Gardens are able to take advantage of a Guaranteed Rental Scheme offering 5% per year return for purchasers of studio or one-bedroom apartments, or 6% per year for those buying a two or three-bedroom unit.
     
     Paradise Gardens is also one of the very few developments offering developer backed financing, making it possible to purchase an apartment here for just 50% down, with the remainder payable over a period of up to five years, at attractive interest rates.
     
     Location.
     Paradise Gardens occupies an enviable position right in the very heart of the new luxury resort of Sahl Hasheesh. Beach lovers will enjoy the fact that Sahl Hasheesh's one public beach is just 100m away from the development. Golf fanatics will delight in the fact that the development is adjacent to one of Sahl Hasheesh's three 18-hole championship golf courses (with up to five more planned for the future).
     
     Sahl Hasheesh's ‘Old Town' with its full range of over 300 shops, restaurants and leisure facilities is just a short stroll away, as is the marina in the super-luxury resort of Serrenia being built just to the south of Sahl Hasheesh.
     
     As with all of the developments in Sahl Hasheesh, Paradise Gardens also benefits from being only 20 minutes taxi ride away from Hurghada's International Airport plus the vast variety of entertainment options of the town itself.
     
     Facilities & Benefits:
     • Developed by one of Egypt's largest and most prestigious luxury hotel chains
     • Located just 100m away from Sahl Hasheesh's public beach
     • Adjacent to one of the resort's three 18-hole championship golf courses
     • Sea views from many apartments
     • High quality building and European style finishing
     • Massive swimming pools
     • Tennis courts
     • Gymnasium
     • Five-a-side football pitch
     • Spa and wellness club
     • Bar
     • Restaurants
     • Shops
     • 24 hour security
     • Pre-installation for telephone and internet lines
     • Landscaped gardens
     • Guaranteed rental scheme offering 5% return per annum for purchasers of studio or one-bedroom units, and 6% per annum for purchasers of two or three-bedroom units.
     • Maintenance fees of GBP15/EUR20 per m2 per year
     
     Prices.
     Studios 60 m2 74750 EUR
     1 bedroom apartments 65 – 84 m2 from 77350 – 105000 EUR
     2 bedroom apartments 79 – 108 m2 from 91350 – 151200 EUR
     3 bedroom apartments 116 – 117 m2 from 116000 – 163800 EUR
     Villas 253 – 299 mм2 from 366850 – 421590 EUR
     
     Completion.
     Construction on Paradise Gardens started in February 2008. Completion is due by March 2010.
     Payment Schedule.
     
     Buyers at Paradise Gardens have a choice of three attractive payment terms:
     
     Option One
     • 10% reservation fee (refundable within the first month)
     • 83% upon signing contract
     
     (i.e 7% discount for paying cash on contract)
     
     Option Two
     • 10% reservation fee (refundable within the first month)
     • 15% upon signing contract
     • 25% six months following signing contract
     • 50% upon completion
     
     Option Three
     • 10% reservation fee (refundable within the first month)
     • 40% upon signing contract
     • 50% in quarterly installments over three years following signing of contract at a fixed flat interest of 3%
     • 50% in quarterly installments over four years following signing of contract at a fixed flat interest of 4%
     • 50% in quarterly installments over five years following signing of contract at a fixed flat interest of 5%
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