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If you're interested in buying into the luxurious Sahl Hasheesh resort, then Pyramisa could be the right development for you, because it has it all.  Pyramisa is not simply an apartment building, it is a five-star hotel that is operated by one of Egypt's leading and most prestigious hotel groups - Pyramisa.  Following the resort's official opening in February 2008, the Pyramisa Resort has received some rave reviews and has seen extremely high occupancy rates.  By buying a suite at the Pyramisa, you get to share in the resort's success.

Naturally the Pyramisa is a frontline beach property - now the most affordable frontline beach property left in Sahl Hasheesh by quite a wide margin.  Whether you are looking to invest in Sahl Hasheesh primarly as a holiday home for yourself, or for investment purposes - or both together - Pyramisa is an option definitely worth considering.  The resort offers a Guaranteed Rental Scheme offering an annual return of 7%, a guaranteed buyback scheme and four weeks' personal usage per year, which can not only be redeemed in the Pyramisa at Sahl Hasheesh, but in any of their other hotels which are located throughout Egypt and also Dubai.

The fact that the hotel is already complete also provides complete peace of mind for anyone who is nervous about buying into offplan developments.

Location:

Pyramisa occupies one of the best locations within the luxurious gated community of Sahl Hasheesh, which is just 20 minutes away by taxi from the centre of Hurghada and its International Airport.  The development is located right next to all of the amenities that any visitor to Sahl Hasheesh could possibly want.  This is a frontline beach development, meaning that the white sandy beaches are just on the opposite side of the promenade.  The main pier which leads to the diving mecca of the resort's Sunken City is just 100m away.

Sahl Hasheesh's commercial and entertainment centre, the Old Town, is less than five minutes walk from the Pyramisa, while one of the resort's three 18-hole PGA Championship golf courses is located right behind the hotel.

Facilities & Benefits:

• Firstline beachfront property
• Stunning sea views from all units
• Adjacent to a world-class 18-hole golf course
• Two enormous swimming pools (heated and unheated) with dedicated children's pools and pool-side bars
• A variety of restaurants, cafes and bars including Asian, Italian and Seafood
• On-site health spa offering a wide variety of treatments plus a sauna and steam rooms
• Fully equipped modern gymnasium includes bikes, treadmills, rowing machines and weight lifting equipment
• Beautiful landscaped gardens throughout
• Supervised Kid's Club
• Tennis court
• On-site diving centre allowing divers to explore the Sunken City just 100m from the resort
• 24 hour security
• Full management service available
• Parking
• 7% Guaranteed Rental return on all units with four to eight weeks personal usage per year (four weeks for studios; eight weeks for one and two bedroom units)
• Swap your weeks for stays in any other Pyramisa hotel across Egypt or Dubai
• 20% discount on all restaurants
• Annual maintenance fees: £8/m2 if part of the Guaranteed Rental scheme; £16/m2 if not

Finishing:

• Marble or polished ceramic floors
• Plastic paints (cream colour) for walls and ceilings
• Tiling in kitchen areas and bathrooms
• Premium quality aluminium windows
• Brown wooden doors installed
• Installation of all electrical sockets, TV and satellite, telephone and data lines
• Bathroom sanitary fittings in white porcelain (toilets, basins, baths/showers)
• Chrome fittings with mixer taps
• Wash tub embedded in a marble top
• Fitted wardrobes
• Integrated air conditioning fully installed throughout
• Fully furnished to luxury hotel standards including TV, mini fridge, safety deposit box, double or two single beds
• Integrated fire alarm and sprinkler system

Prices:

Studio Apartments (min 42m2) - £56,112
Studio Apartments (max 52m2) - £79,002
1 Bedroom Apartments (min 84m2) - £112,224
1 Bedroom Apartments (max 104m2) - £158,004
2 Bedroom Apartments (min 132m2) - £168,339
2 Bedroom Apartments (max 180m2) - £258,300
Villa (220m2) Prices from £346,500 to £392,700

All units are supplied on a full turnkey basis, with everything you would expect to find in a five-star hotel room, including integrated air conditioning.

Cash buyers can obtain a 5% discount for paying all on contract.  Other payment options including taking advantage of a developer financed mortgage over five years.

All buyers have the option of entering a Guaranteed Rental Scheme offering 7% annual return on investment.  The developers also offer a Buyback Scheme whereby buyers can sell their units back to the developer at any time between one and nine years following purchase at current market rates.

Completion:

Construction of the Pyramisa was completed in 2007, meaning that all units are ready to move into instantly.

Payment Schedule:

A refundable reservation fee of 10% is required upon reservation.

There are then three options as to how the remaining balance can be paid:

Option A

90% upon contract.  Clients taking this option benefit from a 5% discount from the total purchase price.

Option B

40% upon signature of contract, with the remaining 50% payable in four equal quarterly instalments over one year at 0% interest.  The 7% Guaranteed Rental Scheme income is payable after the final payment.

Option C

40% (or more) upon signature of contract.  The remaining 50% can be paid with a non-status developer mortgage for the remaining percentage, charged at a flat rate of 3% for five years, with an arrangement fee of 2% of unit value.  The 7% Guaranteed Rental Scheme income is payable after the final payment.

Property reference: fapa5472

Disclaimer: Property details, prices and availability are supplied by the developer or the agent and are subject to change. findaplaceabroad.com cannot be held responsible for any inaccuracies.

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