The Pyramisa offers a unique opportunity for investors to buy into the success of the first finished luxury hotel in Sahl Hasheesh, receiving a guaranteed rental income of 7% per year, plus four weeks’ personal usage. Prices are for full turnkey units. Already completed.
Studio apartments of 42-52m2 from GBP54,616/EUR59,690
One-bedroom apartments of 94-110m2 from GBP107,513/EUR117,500
Two-bedroom apartments of 140-180m2 from GBP256,200/EUR280,000
Overview
If you’re interested in buying into the luxurious Sahl Hasheesh resort, then Pyramisa could be the right development for you, because it has it all.
Pyramisa is not simply an apartment building, it is a five-star hotel that is operated by one of Egypt’s leading and most prestigious hotel groups – Pyramisa.
Following the resort’s official opening in February 2008, the Pyramisa Resort has received some rave reviews and has seen extremely high occupancy rates. By buying a suite at the Pyramisa, you get to share in the resort’s success.
Naturally the Pyramisa is a frontline beach property – now the most affordable frontline beach property left in Sahl Hasheesh by quite a wide margin.
Whether you are looking to invest in Sahl Hasheesh primarly as a holiday home for yourself, or for investment purposes – or both together – Pyramisa is an option definitely worth considering. The resort offers a Guaranteed Rental Scheme offering an annual return of 7%, a guaranteed buyback scheme and four weeks’ personal usage per year, which can not only be redeemed in the Pyramisa at Sahl Hasheesh, but in any of their other hotels which are located throughout Egypt and also Dubai.
The fact that the hotel is already complete also provides complete peace of mind for anyone who is nervous about buying into offplan developments.
Facilities & Benefits
Firstline beachfront property
Stunning sea views from all units
Adjacent to a world-class 18-hole golf course
Two enormous swimming pools (heated and unheated) with dedicated children’s pools and pool-side bars
A variety of restaurants, cafes and bars including Asian, Italian and Seafood
Onsite health spa offering a wide variety of treatments plus a sauna and steam rooms
Fully equipped modern gymnasium includes bikes, treadmills, rowing machines and weight lifting equipment
Beautiful landscaped gardens throughout
Supervised Kid’s Club
Tennis court
Onsite diving centre allowing divers to explore the Sunken City just 100m from the resort
24 hour security
Full management service available
Parking
7% Guaranteed Rental return on all units with four to eight weeks personal useage per year (four weeks for studios; eight weeks for one and two bedroom units)
Swap your weeks for stays in any other Pyramisa hotel across Egypt or Dubai
20% discount on all restaurants
Annual maintenance fees: GBP8/m2 if part of the Guaranteed Rental scheme; GBP16/m2 if not.
Payment Schedule
A refundable reservation fee of 10% is required upon reservation.
There are then three options as to how the remaining balance can be paid:
Option A
90% upon contact. Clients taking this option benefit from a 5% discount from the total purchase price.
Option B
40% upon signature of contract, with the remaining 50% payable in four equal quarterly installments over one year at 0% interest. The 7% Guaranteed Rental Scheme income is payable after the final payment.
Option C
40% (or more) upon signature of contract. The remaining 50% can be paid with a non-status developer mortgage for the remaining percentage, charged at a flat rate of 8.5% for five years, payable quarterly, with an arrangement fee of 2% of unit value. The 7% Guaranteed Rental Scheme income is payable after the final payment.
