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1 Bedroom Flat In Hurghada Red Sea For Sale(Buy Hurghada flat in Hadaba, Red Sea, Egypt)
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Marlin In Beach Resort ( Beach Front Project In Hurghada) ON HOLD NOT SELLING
For Sale FEATURED
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| Price: |
Euro 41,383 |
| Listing Type: |
For Sale |
| Property Type: |
Flat |
| Style: |
Beach Front |
| Year Built: |
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| Location: |
Red Sea Hurghada |
| Directions: |
(Get Yahoo Driving Directions) |
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| Bedrooms: |
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Half Bathrooms: |
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Lot Size (acres): |
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| Basement: |
Finished |
Size (square feet): |
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| Garage: |
Attached |
Garage Cars: |
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| Agent Commision (%): |
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Winter Tax / Summer Tax: |
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| Appliances Included: |
Additional Out Buildings: |
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Description:
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Marlin Inn Beach Resort is the perfect
project for anyone who is wary of
purchasing off-plan property and who
wants to see exactly what they are
getting for their money and take
possession immediately rather than at
some point in the future.
At Red Sea Real Estate, we get many
requests for finished firstline property and
have never had anything to offer in the
past as the majority of prime locations in
central Hurghada are occupied by hotels.
They still are but, with the relaunch of the
Marlin Inn as a fully refurbished apart-
hotel, everyone now has the opportunity
of buying one of these units for
themselves. And, with prices starting from
just GBP32,400/EUR41,400, they are
easily affordable to most people.
For the hard-nosed conservative investor,
the Marlin Inn Beach Resort offers cast
iron returns on investment, with each unit
offering a net Guaranteed Rental income
of 6% per annum for five years, with no
expenses such as maintenance fees to
pay. The deal also offers four weeks per
year for personal usage.
Non-cash buyers can take advantage of
the fact that a five year developer backed
mortgage is available for 60% of the
purchase price, with interest rates set at
a very reasonable 8% per annum (which
means that the rental returns are going
to be more than enough to pay the
interest on the amounts borrowed).
Marlin Inn Beach Resort is one of the best
established hotels in the whole of
Hurghada, having been successfully
running for 14 years and achieving an
average occupancy rate of over 80%
during this period. The hotel has now
been competely refurbished and a deal
with a major tour operator been put in
place guaranteeing a minimum of 75%
occupancy for the hotel for the next five
years.
For anyone who is looking for a rock solid
safe investment, the Marlin Inn Beach
Resort offers just about as secure an
investment opportunity as it is possible to
find in the current economic climate.
Location
Without doubt, the Marlin Inn Beach
Resort occupies one of the very best
locations in Hurghada.
A firstline beach project, the Marlin Inn
Beach Resort is located right on
Hurghada's new promenade, just 300m
away from the Esplanada Mall, with the
popular Sindbad Aquapark just another
200m away.
All of the entertainment options of
Hurghada's downtown Sekalla area, with
its multitude of restaurants, bars and
bustling nightlife, are just five minutes
away by taxi, as is Hurghada's
International Airport.
Facilities and Benefits
Firstline private beach
Stunning sea views from most
apartments
Large swimming pool
All of the hotel facilities of a modern 4-
star hotel including concierge and 24 hour
room service
Restaurant serving Egyptian and
European food, plus the Joker's Tavern.
Kid's Club offering supervised activities for
children
Wide range of activities including aerobics
lessons, beach volleyball, water
gymnastics, pedal boating, table tennis
and billiards
On site dive centre
24 hour security
Facilities for disabled guests
All rooms delivered fully furnished to 4-
star hotel standards
Guaranteed Rental Scheme offering a net
return of 6% per annum for five years
Four weeks personal usage per year
No maintenance fees for those enrolling
in the Guaranteed Rental Scheme
Prices
Studio - Min 32.6m2 GBP 32437
Studio - Max 57.3m2 GBP 57014
1 Bed Suite - Min 39.1m2 GBP 38905
1 Bed Suite - Max 57.3m2 GBP51740
All units are supplied on a full turnkey
basis, to four-star hotel standards, so
deduct GBP5000 from the cost in order to
compare them with other developments
with only standard finishing.
Payments for this development are
payable in GBP. The prices in other
currencies are for illustration purposes
only and will vary according to current
exchange rates. See below to calculate
actual prices at today’s exchange rates.
Finishing
All apartments at Marlin Inn Beach Resort
are supplied on a full turnkey basis, with
everything you would expect to find in a
four-star hotel, including:
Polished ceramic floors
Tiling in kitchens and bathrooms
Windows and doors installation
Electrical installation
Rendered walls painted
Internal doors with locks
All electrical power points and light
switches
Telephone and satellite TV installed in
each room
Toilet, washbasin and shower or bathtub
Marble vanity shelf, extractor fan and
ceramic wall tiles in bathrooms
Airconditioning and heatin installed
throughout
Full furnishings including beds,
wardrobes, tables, chairs, etc.
Minibar
Completion
Full refurbishment of the Marlin Inn Beach
Resort is finished from November 2008.
Payment Schedule
Buyers at the Marlin Inn Beach Resort
have three attractive payment plans to
choose from:
Option One
GBP2000 reservation fee (fully refundable
until signature of contract)
40% upon signing contract (less the
GBP2000 reservation fee)
20% four months following signing of
contract
20% eight months following signing of
contract
20% twelve months following signing of
the contract
Option Two
GBP2000 reservation fee (fully refundable
until signature of contract)
40% upon signing contract (less the
GBP2000 reservation fee)
60% paid over five years with a
developer backed mortgage at 8%
interest per annum
Option Three
GBP2000 reservation fee (fully refundable
until signature of contract)
96% upon signing contract (less the
GBP2000 reservation fee) - i.e. 4%
discount for cash buyers
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Submission Date: 10-17-2008
Last Update: 07-12-2009
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Agent Details:
Flare Company
Flare Company (Flare)
+20121784534 +20653447230 +20169002626 - +20121784534
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The Beach [ 2008-10-17 ]
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Marlin In Beach Resort Hurghada Floor Plan [ 2008-10-17 ]
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Marlin In Beach Resort Hurghada Lobby [ 2008-10-17 ]
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Marlin In Beach Resort Hurghada Location [ 2008-10-17 ]
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Marlin In Beach Resort Hurghada Overview [ 2008-10-17 ]
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