florenza khamsin beach resort (guaranteed rental option), egypt

What are you looking for from the perfect Hurghada property? Private beach access? Sea views? Close to all of the facilities in downtown Hurghada? Affordable prices starting from under £24,867.00?

If your answers to the above are yes, yes, yes and yes, then the right development for you is most certainly going to be Florenza Khamsin, an exciting new development in Hurghada's Arabia district, a quieter part of Hurghada but still only five minutes by taxi from the vibrant heart of the town.

Guaranteed Rental program, with returns of 6% per annum available
Developer financed mortgage offer
Own private beach

Florenza Khamsin is basically two resorts in one, divided by a road. The first phase of the development, which is separated from the rest of the development by a road, has recently gone on sale. The second phase, which is right on the beach, will be a luxury hotel. Both phases share all of the same facilities, most noteable of which is its private beach - a real rarity in central Hurghada these days.

In summary, Florenza Khamsin is an excellent choice for both the holiday home buyer and investor alike. Holiday home buyers will love the resort's private beach together with the fact that it is only 5 minutes away from the vibrant heart of Hurghada. Investors will love the fact that Florenza Khamsin offers a Guaranteed Rental program, with returns of 6% per annum available.

Short on cash? Florenza Khamsin could also be the right development for you as it is benefits from a unique developer financed mortgage offer, whereby buyers pay just a 40% deposit, with the balance payable over a period of 5 years at an interest rate of 5%.

Location

Florenza Khamsin Beach Resort lies right in the centre of Hurghada's Arabia district, containing many of the most popular hotels in Hurghada, such as the Grand Azur, Arabia and El Palacio resorts and benefits from being quieter than the main tourist centres while providing excellent sea views.

All of the entertainment facilities of downtown Hurghada are less than five minutes away by taxi, including the trendy new Hurghada Marina which features a host of luxury shops and restaurants.

Divers will appreciate the fact that many of the most popular docks for diving boats are within walking distance of Florenza Khamsin Beach Resort. Hurghada's historic fish market, boatyards and the ferry to Sharm el-Sheikh are also within strolling distance.

Hurghada International Airport is also only a ten minute taxi ride away from here.

Facilities & Benefits

Private beach access
Sea views for many apartments
Several swimming pools
Landscaped tropical gardens
Kids' Beach Club
10 year construction apartment warranty
Reception and concierge service
Fitness centre, spa and beauty sections
Water sports a centres including diving, snorkelling, kite and wind surfing
Restaurants offering a variety of cuisines including a beach bar and grill
Shopping area containing numerous retail outlets plus an Internet cafe and a branch of HSBC Bank
Wifi and cable TV to all apartments
Laundry service which also offers rental changeovers
Pickup service including airport collections
Key handling rental management service
Full post service maintenance and repair service
Manned 24-hour gated security
Guaranteed Rental Scheme offering 6% annual return with four weeks' personal usage.
Annual maintenance fees:
Studio - GBP400, One-bedroom - GBP500, Two-bedrooms - GBP600, Three-bedrooms - GBP700

Prices

Type	m2	GBP	EUR	USD
Studio - Min	37	24867	28359	37881
Studio - Max	84	51630	58882	78652
1 Bed - Min	62	37368	42617	56925
1 Bed - Max	128	108136	123325	164731
2 Bed - Min	92	62215	70954	94777
2 Bed - Max	139	133138	151839	202819
3 Bed - Min	139	136537	155715	207996
3 Bed - Max	139	141788	161704	215996

Payments for this development are payable in USD. The prices in other currencies are for illustration purposes only and will vary according to current exchange rates.

Finishing

Polished ceramic tiles throughout
Tiling in bathrooms and kitchens
Windows and doors installed throughout
Rendered walls painted
Electrical installation with power points and light switches
Pre-installation for digital TV and telephone sockets
Fitted base units, stainless steel sink with mixer taps and worktop in kitchen area
White porcelain sanitary fittings in bathroom (toilet, sinks and bath/shower) with mixer taps

Latest offer

During October buyers of apartments of Khamsin Beach Resort receive;

1 free air conditioning unit.
Discount for cash purchase

Completion

Construction of Florenza Khamsin started in in November 2008. Construction is scheduled for completion in June 2011.

Payment Schedule

There are several different payment plans available for buyers at Florenza Khamsin:

Option A

$1000 reservation fee (fully refundable up to 21 days from reservation)
40% upon signature of contract (less the $1000 reservation fee)
20% six months following signature of contract
20% twelve months following signature of contract
20% upon completion

Option B

There is also the opportunity to take advantage of a five year developer-financed mortgage under the following terms:

$1000 reservation fee (fully refundable up to 21 days from reservation)
40% upon signature of contract (less the $1000 reservation fee)
60% payable in quarterly instalments over a period of up to five years, at an annual interest rate of 5%

Note that delivery of units for any buyer purchasing using the mortgage option is May 2012.

Option C

$1000 reservation fee (fully refundable up to 21 days from reservation)
40-60% upon signature of contract (less the $1000 reservation fee)
Balance payable in quarterly instalments over a period of up to three years, with interest free credit.

Option D

Cash buyers can receive excellent discounts for paying the majority of the price with contract: