Luxury sea view apartments in Hurghada

Hurghada Village offers luxury apartments starting from only £15,950. 

Located on the Red Sea Coast, these apartments offer spectacular views of the sea and mountains and are a perfect opportunity for investors who are seeking good capital appreciation and ongoing strong rental potential. the project will be completed before summer and there are still some units available. 

This project is situated away from other developments and buildings, and is not overlooked by other apartments. The site is adjacent to open land to the west, and a road separates it from several small buildings to the east.

Development Details

• 104 apartments on 5 floors, ground floor plus floors 1 to 4
• 4th floor apts have secluded rooftop terraces
• Restaurant, cafe/bar, swimming pool, gardens, gym and convenient store
• Community development, gated and walled for privacy
• Reception area, fully maintained development
• West-facing apartments have views of the desert and mountains
• East-facing apartments have views of the swimming pool, town, mosque and sea (from 3rd floor)

Sizes

• Studio 44 sqm + balcony
• 1-Bed 55 sqm + balcony
• 2-Bed 75 sqm + balcony
• 3-Bed 100 sqm + balcony

Unfurnished prices - Starting from £15,950

4th floor apartments have roof terraces that are the same size as the apartment itself. They cost an additional £3,000 for the studio, £4,000 for the one and two beds and £5,000 for the three beds - and include terrace furniture.

These top floor apartments appeal more to the 'personal use' buyer, whereas the remaining would suit investors as well. There are just a few of these left.

The prices include a fitted kitchen and air-conditioning units.

Payment structure

Deposit: £2,000 (refundable)
1st payment: 30% after 14 days with signed contract
2nd payment: 20% after a further 3 months
3rd payment: 50% (Less £2k reservation fee) on completion in Summer 2008

Furniture packs
From £2,750 subject to apartment size.

Contact us NOW to reserve your unit

Main Specifications

• Reinforced concrete foundations
• Floors in local made polished cream marble effect ceramic tiles all rooms
• Local made ceramic tiles in kitchens and bathrooms on the floor and on the walls
• Ceramic skirting boards fitted throughout
• Façade painted in single layer paint
• Interiors painted in cream color
• Interior plumbing in PVC, according to current regulations
• Outer carpentry in aluminum or wood surrounds
• Windows to be installed with double pane glass
• Electrical installation, including electricity socket points and light switches, cabling for interior and exterior ceiling and wall lights installed, according to current regulations
• Pre-installation for digital TV platforms
• Sockets for telephone, television and data, according to current regulations
• Electric water heater (boiler) 30 litre in each apartment
• Base kitchen units, stainless steel sink, granite work tops and local made water mixer taps
• Bathroom sanitary fittings in local made white porcelain (toilets, sinks, baths, showers) with local made water mixer taps and extractor fans
• Interior carpentry with white lacquered wooden doors with handles in chrome/steel/brass
• Bedrooms with fitted wardrobes with shelves and hanging bar

Other Specifications

• Main front wooden door reinforced and lacquered with security lock
• Communal areas including swimming pools, an enclosed area with “Mediterranean” gardens
• All gardens and communal areas to be fully irrigated and lighted
• The perimeter of the development will be entirely walled for the privacy of the community
• Common smoke detectors in all interior rooms
• The drive way and paths that join the development to the main road will be installed and tarmaced
• The buildings color and architectural style should differ noticeably from that of any building built on the same piece of land

Ongoing Management Services

• On-site management and maintenance service
• Insurances and utilities
• £300 per annum approx
• Rental housekeeping service £300 per annum approx
• Rental marketing service available
  

Building Schedule

Work commences May 2007, completion 12-15 months. 
N.B. Project is ahead of schedule and will be completed before Summer

Purchase contracts

• English language contract between buyer and developer at initial stage
• Dual language contract between buyer and developer on completion for registration
• Completion processed through local solicitor to include registration of ownership
• Ownership is ‘joint freehold’, rather than leasehold
• Builder’s construction guarantee: 20 years
• Builder’s finishing guarantee: 1 year

Solicitors fees
£300 – £600 (approx 1.5%)

Purchase tax
There is a 3% purchase tax that can be chargeable but rarely is. It is possible that it will be charged at some time in the future and you should allow for this.

Capital Gains Tax
There is no Capital Gains Tax and property can be sold at any time.

Residency
The owner of the property automatically gains the right to apply for a residents visa.