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Pyramisa Resort for sale in Sahl Hasheesh , Egypt

Pyramisa Resort, Sahl Hasheesh in Egypt

Prices from £43,945 to £256,340
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The Pyramisa Beach Resort is the first and only resort to be fully opened in 2007 in the new Sahl Hasheesh Resort. Built and completed to a superb 5* standard, this opportunity presents the ideal option to invest in a luxury leaseback option on Egypt’s Red Sea Riviera and get a guaranteed and secured rental income each year.

This large Resort is built on approximately 100,000m2 with around 900 units, currently enjoying nearly 100% occupancy since its recent opening. The resort is built on one of the best plots in the luxurious Sahl Hasheesh Resort; opposite the Sunken City, near the Old town (commercial area with bars, restaurants and shops) and with a beautiful white sandy beach (shallow crystal clear waters too!).

The Pyramisa Group are currently one of the largest and most successful hoteliers and developers in Egypt with 5* Hotels in Cairo, Sharm El Sheikh, Aswan, Luxor and Hurghada. Apartments are finished to the standard of the Hotel and come fully furnished, managed and insured.

Development Information

This development consists of the following types of property

  • Apartment: 800

Facilities

  • Italian , Asian , Sea food and International a la carte restaurants
  • 2 Outdoor swimming-pools with water slides
  • Diving and Aqua sports center
  • Convention center with a capacity of up to 1000 delegates
  • Health Club and Gymnasium
  • Kids Club
  • Shopping Arcade
  • Beauty Salon
  • Tennis Courts/5 a side football

Guaranteed rental

Owners have the option to take out a lease agreement direct with the Hotel which will offer them the following guaranteed returns:

• 8% per year for 3 years
• 7% per year for 10 years
Rental incomes are paid annually in arrears.

Free personal use entitlement:
Studio apartments: 4 weeks
1 Bed apartments: 6 weeks
2 bed apartments: 8 weeks

Ownership
Apartments are freehold
• All apartments insured and maintained to the Hotel standards
• Resales are permitted

Please note that the minimum level where a rental income is paid is upon reciept of 50% of the price by the developer. In this case the owner will recieve 50% of the rental income. On reciept of 100% all of the rental income will be paid.

The guaranteed buy back is available at the original purchase price and is designed to provide a quick exit from the investment. The buy back is available at any time after the first year of payment of the full purchase pri

Key features

  • 5* Beach front complex
  • Golf to the rear
  • Turn Key apartments
  • All have sea views
  • Guaranteed rental income for up to 10 years
  • Up to 8 Weeks personal holiday use
  • 25% Discount on Hotel guest services
  • Fully managed, maintained and insured

Map

Payment Plan

  • Reservation: £2,500
  • Deposit on contract: 50% (minus reservation)


The remaining 50% can be paid as per the following options:

Option 1 :
• Immediate payment and get 10% discount on the remaining 50%.
• Enjoy 7% annual rental guarantee as of day of full payment

Option 2 :
• Payment over 1 year in equal quarterly installments with 0% interest .
• Enjoy 7% annual rental guarantee on the 100% as of day of completion of full payment

Option 3 :
• Payment over 5 years in equal quarterly installments at 8.5% fixed annual interest.

The Sahl Hasheesh Resort

The Sahl Hasheesh project covers 32million m2 (32km2) and is the largest single area on the Red Sea Coast. It is to be a Resort Community project of a scale and scope that is unprecedented in the region. When completed and fully inhabited it will assume the proportions and functions of a Seaside Resort Town such as Cannes, with its Croisettes on the Riviera. The project promises to become an Integrated Resort destination of world-class standards.

The Red Sea holds an abundance of rare and beautiful wildlife both on the surface and beneath its waters, perfect for both scuba divers and bird watchers. At only 20km from Hughada airport access to the resort is both easy and convenient.

The resort is bordered by 12.5km of sandy beach and combines all the facilities of a top resort with the bustling atmosphere of a lively port. The town will have not only premium resort facilities, but also essential community infrastructure like schools and hospitals. At its centre will be an arcaded piazza with an avenue leading to the Red Sea, lined with over 100,000 fully grown palm trees specially brought in from the Nile.

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Construction Updates

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