1 BR apartments with 25percent cash discounts

Egypt.Condo.com > Buy > Africa > North Africa > Egypt > 1 BR apartments with 25percent cash discounts
 
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Property ID# 3188274
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$43,582
1 Bed
, Hurghada Egypt
Property ID #3188274
Local Currency£28,916 British Pound (GBP)
List Date11/14/2008
Sales Contact
Description

Oasis Marina is an exciting new beachfront development located in the fast emerging Al-Ahyaa area between Hurghada and El Gouna.



Benefiting from a vast private beach on the opposite side of the new promenade from the development, the project consisting of just 660 apartments and a hotel. This ensures that there is more than enough room for everyone to enjoy the wide, golden beach and the unspoiled turquoise waters of the Red Sea.



Better still are the wide range of payment options available. Cash buyers will be attracted by the fact that there are up to 25% discounts for fast payment. At the opposite end of the scale, those needing longer to pay will be attracted by a unique deal whereby buyers only need to pay 60% of the purchase price in cash over the course of the build of the project, with the remaining 40% being covered by a guaranteed rental scheme over a period of five years.



Location

Oasis Marina is located in the fast developing Al Ahyaa district to the north of Hurghada, just 3km from the luxury resort of El Gouna, famed for its lagoons, marina and PGA Championship golf course.



The centre of Hurghada with its wide variety of shops, clubs and nightlife, is a little over 15 minutes away by taxi, as is Hurghada International Airport.



This frontline beach development is in a newly zoned area in front of a promenade, which stretches around the bay, allowing visitors to stroll along the beach for miles, enjoying the view.



Facilities & Benefits

? Frontline property with access to own private beach

? Beachfront and sea view for over 70% of apartments

? Large, heated swimming pools with children's sections

? Large communal roofs with breathtaking sea views

? 10 year construction apartment warranty

? All properties are completed to European standards

? Ten minutes from the PGA Championship golf course in El

Gouna

? Main reception area offering hotel style service

? Health club plus beauty and gym sections

? Diving and Aqua centres including kite surfing

? Four restaurants offering a variety of cuisines

? Various shops including mini market, pharmacy, cafe bar

with Internet business centre

? Laundry service, which also offers rental changeovers

? Pickup service including airport collections

? Sightseeing tour operator

? Key handling rental management service

? Satellite and telephone points plus air conditioning units

and fitted kitchens pre-installed

? Management fee guaranteed capped for 3 years

? Full post service maintenance and repair service

? Manned 24-hour gated security

? Annual maintenance fee of GBP800/year



Prices

Oasis Marina has a wide range of pricing and payment options so everyone is sure to find a plan that is right for their own personal circumstances.



Standard Finishing

Below are the standard prices for a regular finished apartment without furniture, but including air conditioning and fitted kitchens. Buyers who are able to pay for the apartment outright within a period of eight weeks from contract can obtain a 25% discount from these prices. Buyers who are able to pay for the apartment outright within a period of thirty weeks from contract can obtain a 20% discount from these prices.



Type m2 GBP EUR USD

Studio 32 27198 34369 48508

Studio 45 37051 46820 66080

1-Bed 45 37051 46820 66080

1-Bed 67 54868 69334 97857

Studio 69 53765 67941 95890

1-Bed 70 56668 71609 101067

1-Bed 79 60071 75909 107137

1-Bed 82 61983 78325 110547

2-Bed 90 67009 84677 119511

2-Bed 100 73315 92645 130757



The one-bedroom villa apartments listed at the bottom are right at the front of the development, directly facing the sea - a real rarity for apartments as such views are usually reserved for very expensive large villas. This is why there is a price supplement for these units.



Complete Turnkey Solution

Apartments at Ocean Marina can also be supplied on a full turnkey basis complete with full furniture - all you need to move in the same day!



As is the case with the standard finishing solution, cash buyers can benefit from some large discounts:



Buyers who are able to pay for the apartment outright within a period of eight weeks from contract can obtain a 25% discount from these prices.



Buyers who are able to pay for the apartment outright within a period of thirty weeks from contract can obtain a 20% discount from these prices.



Type m2 GBP EUR USD

Studio 32 35873 45331 63979

Studio 45 45728 57785 81556

1-Bed 45 45728 57785 81556

1-Bed 67 65905 83282 117542

Studio 69 64810 81898 115589

1-Bed 70 67705 85556 120752

1-Bed 79 71108 89856 126821

1-Bed 82 74578 94241 133010

2-Bed 90 79622 100615 142006

2-Bed 100 85931 108588 153258







Discounted Prices from Guaranteed Rental Scheme

Buyers of complete turnkey solution apartments can benefit from an innovative payment structure whereby they pay only 60% of the price of the apartment over the period of the build, with the remaining 40% being paid over a period of five years through entering into the developer's Guaranteed Rental Scheme, which offers an 8% return each year on the price of the turnkey units.



Below are the cash prices that are payable, representing 60% of the regular price for the turnkey apartments:



Type m2 GBP EUR USD

Studio 32 21533 27210 38404

Studio 45 27428 34660 48918

1-Bed 45 27428 34660 48918

1-Bed 67 39545 49971 70529

Studio 69 38890 49144 69360

1-Bed 70 40625 51336 72455

1-Bed 79 42668 53918 76098

1-Bed 82 44738 56534 79790

2-Bed 90 47782 60380 85219

2-Bed 100 51551 65143 91941







For full details of when the payments are due under each variation of the pricing scheme, please refer to the Payment Schedule.



Payments for this development are payable in GBP. The prices in other currencies are for illustration purposes only and will vary according to current exchange rates. See below to calculate actual prices at today?s exchange rates.

Payment Schedule As has been explained on the Prices section of the site, there are many different payment options for buyers of apartments at Oasis Marina.

Here are the payment plans for each of the variations:



Regular Payment Plan

This applies to units that are bought with standard finishing or as a complete turnkey solution: ?

20% reservation fee (fully refundable up to 30 days from reservation)?

20% within 8 weeks of signing the contract.

60% upon completion.



25% Discount Option

To obtain a 25% discount on either the standard finishing or complete turnkey solution prices, buyers would need to make the following payments:?

20% reservation fee (fully refundable up to 30 days from reservation)

80% within 8 weeks of signing the contract.



20% Discount Option

To obtain a 20% discount on either the standard finishing or complete turnkey solution prices, buyers would need to make the following payments:?

20% reservation fee (fully refundable up to 30 days from reservation)

50% within 8 weeks of signing the contract.

30% within 30 weeks of signing the contract.



Guaranteed Rental Option

Perhaps the most interesting option, and one that is unique to Oasis Marina, is the Guaranteed Rental Option.

This is only available on full turnkey packages. Under this system, buyers pay only

60% of the price of the property in cash.

The remaining 40% is paid by the developer through renting out the property for 40 weeks per year for a period of five yea

 
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