Private beach and central location in Hurghada’s Arabia district at highly affordable prices make this project hot. Guaranteed Rental Scheme offering 6% pa. Completion mid 2012.
Studio apartments of 37-84m2 from GBP24,867/EUR28,359
One-bedroom apartments of 62-128m2 from GBP37,368/EUR42,617
Two-bedroom apartments of 84-139m2 from GBP62,215/EUR70,954
Three-bedroom apartments of 139m2 for GBP136,537/EUR155,715
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.
Florenza Khamsin is basically two resorts in one, divided by a road. The first phase of the development, which is seperated 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 of6% 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 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. Hurghada’s historic fish market, boatyards and the ferry to Sharm el-Sheikh are also within strolling distance.
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
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 installments 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 installments 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:
80% on contract/20% on delivery = 15% discount
70% on contract/30% on delivery = 10% discount
60% on contract/40% on delivery = 7% discount
