Full Description

Tranquilia Town Apartments

The Opportunity

• Landmark residential apartment block in prime central Hurghada location
• Hurghada is Egypt's second largest Red Sea tourist centre (behind

Sharm El-Sheikh). In 2006 the region attracted some 250,000 international

and domestic tourists.

• All year round rental opportunities: ideal location and facilities to

capitalise on stable residential rental market (e.g. managers of local

hotels), therefore significantly reducing risk of ‘rental void' periods

• Zero non-construction risk - development completed. Pay off-plan prices

(due to substantial refurbishment) without normal lead time-apartments

ready for occupation six months from date contract is signed

• Relative value in respect of price: apartments available from £479 per

square metre. Comparable developments in Sharm El-Sheikh are circa 30%

more expensive

• Very high specification apartments (to European standards) with upper

floors benefiting from panoramic views of Hurghada and direct Red Sea

views

• Less than 5km from Hurghada International Airport
• All relevant due diligence undertaken
• Favourable tax jurisdiction for foreign investors

Key Points for Potential Investors

and Tenants

Hurghada's ‘new town'. The development is set one row back from the sea and amongst

a cluster of hotels (El Pacha, Sea Gull and Mina Mark hotels are its neighbours).

The locality is extremely well-served by buses, taxis and ferries, and all local attractions/

amenities can be easily reached. The airport is just a short taxi or bus ride away, whilst

Cairo lies around 450km north.

• apartments are finished to an exceptionally high standard
• there are direct sea views from some apartments
• 24 hour Reception and security
• room service will be available
• air conditioning, satellite TV, dishwasher, microwave, fridge, washingmachine and direct-dial phone included
• Wireless internet access (for a small fee)
• roof top Jacuzzi and bar, sun lounging area