For Sale:
Red Sea Apartments
Hurghada
West El Balad
Bayut - 5000532-YYuYBy
Screenshot 2024-11-20 174028. png
Off-Plan
14
EGP250,000,000
Down payment: EGP 62,500,000
West El Balad, Hurghada, Red Sea
11 Beds
11 Baths
1,200 Sq. M.

APPARTMENT 5 STAR FOR SALE 1200 SQ M RENTED YEARLY ONE MILLION DOLLARS HUGE INVESTMENT MAADI NILE CAIRO

⭕G + 20

One year receipt and the building is ready for inspection

🔸 Hotel tower

🔸 Directly on Maadi Corniche

Hotel unit before price increase 🤩

🔸 1200 m like a palace

🔸 Direct Nile view

🔸 Third floor

🔸 Finished with air conditioners, furniture and appliances

🔸 Final receipt for one year, with a down payment starting from / 62 million and 500 thousand pounds

⭕ Total price before discount: / 300 million pounds

⭕ Total price after discount for a limited period / 250 million pounds, equivalent to 5 million dollars

⭕ Payment plans:

🔸 25% down payment and the rest over 3 years

🔸 35% down payment and the rest over 4 years

🔸 50% down payment and the rest over 5 years 

⭕ Contract clauses that guarantee the client's rights

🔸 In the event of a delay in receiving the unit for a year and 6 months, the client stops paying the installments until he receives

Rent starts from 18% and 50% of it is collected after 6 months / average rent of one million dollars annually

🔸 Rent with the management company starts from 15% of the total unit price annually, in the event of collecting less than 15% in any year, the company is obligated to pay a fine of 10% of the total unit price

A real rental return after receipt starts from 18% to 22% as a minimum of the total unit value annually

🔸 In the event of leasing with the management company, no administrative expenses are collected from the rent until the installments are paid

Mohamed El-Sayed / NOVARA

Property Information

  • TypeApartment
  • PurposeFor Sale
  • Reference no.Bayut - 5000532-YYuYBy
  • CompletionOff-Plan
  • FurnishingFurnished
  • Added on27 February 2025
  • OwnershipPrimary

Features / Amenities

Maids Room
Completion Year: 3
Freehold

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