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The Waterhouse Beach Resort
• Beach-front studios from only just over £13,000
• Short proximity to Hurghada and it’s International Airport
• All Due-Diligence and permissions already in place
Combining a 12 month climate with stunning front-line beach locations, and only a short-haul distance from the UK and Europe, it is easy to understand why Egypt is quickly becoming one of the world’s fastest-growing investment hotspots.
The Waterhouse Beach Resort encompasses all of this – bringing you a stunning array of studios, 1 and 2 bedroom apartments, at an unbeatable starting price of just over £13,000.
Hurghada itself has become increasingly popular with young tourists and divers who are looking for small but well facilitated accommodation – this means that the smaller studios are very popular with serious investors as they provide a high rental return against the price of the apartment.
Location
The Waterhouse Beach Resort located in the El Ahyaa district of Hurghada on the Cairo Old Road. It is perfectly situated less than eight kilometres from the town of Hurghada and only 18 kilometres from the up-market town of El Gouna. Only 9 kilometres from Hurghada’s International Airport, it is the perfect commute for all holiday-makers.
Construction Schedule
The Waterhouse Beach Resort is due for completion at the end of 2009 and construction of the villas is already well on schedule.
Facilities And Maintenance
The Waterhouse Beach Resort offers residents the use of the following facilities:
• Private Beach
• On-site Diving and Aqua Centre
• Man-made marina with dock for boats
• 3 large swimming pools
• Children’s play area
• An array of on-site Bars, Cafes and Restaurants
• 24/7 gated security
• On-site management and property services
• Public Car Park
• Disabled Access for all common areas
Maintenance fees are set at £6 per square metre, per annum.
Property Management
The developer has sourced a rental-management company to be based on-site at the resort to manage and source both long and short term lettings for owners and investors. Their fees are very competitive and for long-term rentals they will take the equivalent of a month’s rent and for those looking for flexibility and a greater period of personal allowance, short-term holiday rentals will be charged at 5% of the annual income generated.
One of Egypt’s prime attractions is it’s 12 month climate, it is easily accessible and only a short-haul distance from the UK and quickly becoming Europe’s no.1 tourist destination.
In 2007 tourism numbers rose by 20% and a new initiative by the Egyptian Government to target Asia and North America aims to double tourism numbers by 2015.
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