A wonderful opportunity to buy an apartment in a five star Island Resort and Spa.
Resort features at a glance:
- 5 star resort
- Island area 125,000 square metres
- Location at a green island in the centre of Aswan
- Distance to the airport - 23km
- Distance to downtown - 1km
- Hotel has 370 rooms, 80 chalets and villas
- Heated outdoor swimming pool
- Swimming by the Nile
- Sand baths, gym with sauna and steam rooms
- 4 restaurants and bars
- Tennis, squash courts and childrens playground
1 bedroom chalet from £45,000 (35 square metres)
All are currently leasehold which is decreasing and currently stands at 85 years.
All properties come with central air conditioning, colour TV, satellite, full bathroom, terrace communal gardens and a Nile view.
You may furnish your apartment or villa with your own interior designs or opt for the hotel designs. If you opt for the hotel furnishings, then you have a choice of the hotel renting out your property for you with a guaranteed income of 8% per year and you still have use of it for 4 weeks a year.
20% annual capital growth rate is projected to continue over the coming 5 years due to the increasing demand and shortage of supply of new seafront properties.
Up to 60% financing is available. All properties are fully insured. Limited number of units for sale.
The advantages of buying property in one of the five star chain of hotels is that if you opt for hotel to rent it out for you, when it comes to your 4 weeks a year occupancy, you can take it in any of the chain hotels in Aswan, Luxor or Sahl Hasheesh and you do have 8% guaranteed anual rental income.
