Ref No. OPP10201 > Regency Crash pads, Hurghada, Egypt. Overseas Property Investments Price: £ 19,063 From £19,063

Property Type: Apartment
Category: Egypt
Location: Beach
Status: AVAILABLE
Bedrooms: Studio


Regency Crash Pads is a unique development specifically targeted to the large number of divers using Hurghada as a base for exploring the Red Sea, making this an excellent investment for the rental market and personal usage. The development offers 44 Crash Pad apartments featuring a folding bed unit, with a bathroom and kitchenette.

Features

• Development designed especially for Divers.

• Low cost investment with high rental yields.

• Access to all other Regency projects in the area with a range of facilities.

Reasons to buy:

• 12 month climate with long and short term letting potential.

• Freehold property.

• A booming tourism industry, with numbers having doubled between 2002 and 2006. Tourism predicated to increase at rate of 6% per year.

• Opportunity to invest early in a vibrant market.

• Situated on the Red Sea - recently voted best diving destination in the world.

• Low cost living, maintenance and management costs.

• No inheritance or capital gains tax.

• Currently accommodation demand in the area exceeds supply.

• Hurghada, a vibrant town - with un-spoilt Egyptian culture combined with a modern feel.

• Tourism growing due to the increase in low cost airlines flying direct to Hurghada.

Owners of Regency Crash Pads will also have the exclusive use of the Regency developments facilities, which offer a range of facilities including several eateries; a snack bar, Japanese Teppanyaki Restaurant, sushi bar, piano bar, Italian restaurant and a supermarket.

Construction Schedule Regency Crash Pads is due for completion during July 2009.

Facilities and Maintenance

The maintenance of the development will be managed by the developer and is charged at £5 per square metre per annum.

• Every apartment has a free scuba locker.

• 24/7 security.

Property Management

A complete property management service will be offered to every buyer and the cost will be 15% of the rental income gained. This service will be managed in house by the developer.

Hurghada

Hurghada offers something for everyone, you can spend time in the enchanting markets in the old town district. Alternatively you may want to take advantage of the fantastic water sports on offer, or the contemporary night life in the new town which boasts high end nightclubs such as London’s famous Ministry of Sound and Budha bar franchises. Hurghada is one of the best known resorts on the Red Sea Riviera. It was Hurghada was founded in the early 20th century, and since the 1980s has been continually enlarged by American, European and Arab investors to become the leading seashore resort on the Red Sea. Holiday villages and first-class hotels provide excellent aquatic sport facilities for sailboarders, yachtsmen, scuba divers and snorkelers.

Hurghada stretches for about 40 km along the seashore. Hurghada has become an international centre for aquatic sports like windsurfing, sailing, deep-sea fishing, swimming, and above all snorkeling and diving. The unique underwater gardens offshore are some of the finest in the world, justifiably famous amongst divers. The warm waters here are ideal for many varieties of rare fish and coral reefs, which may also be observed through glass bottom boats. The city provides a gateway to prime diving sites throughout the Red Sea. Its central location provides favorable access to very famous dive sites. In addition, Hurghada is known for providing access to many uninhabited offshore reefs and islands.

Please contact us for more details.

Property Details http://www.propertywinners.co.uk/

Area Description

Located in the El Kawsar region of Hurghada with a beach 600 meters from the Crash Pads location; it is also well placed for the new Esplanade in Hurghada which boasts numerous cafes, shops, hotels and restaurants.