Off-Plan
14
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
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
Trends
Location & Nearby
Location
Schools
Restaurants
Hospitals
Parks