New Egypt property scheme launched

Tuesday, April 05, 2011

New Egypt property scheme launched

A new Egypt property and spa scheme which offers a lifestyle and investment opportunity has been launched by Colordarcy Investment Ltd.

Homes at Samra Bay Marina and Spa Resort, located in Hurghada, are offered for sale with a guaranteed buy back option in eight years time and a six per cent net rental guarantee for eight years.

Located in a front line position within the Golden Mile of Hurghada which is home to sandy beaches, crystal clear waters and palm tree lined walkways, this five-star development managed by a five-star hotel group is just four and half hours flying time from the UK.

The resort offers a wide range of amenities; private beach, lagoon, marina club, spa, sports/fitness club, diving centre, aquatic sports centre, entertainment, bars, restaurants, beach bungalows, supervised children's area, swimming pools, shops, medical centre, 24 hour security and concierge service.

Loxley McKenzie, managing director of Colordarcy, commented: “This resort development is one of the most attractive investment opportunities I have encountered. The built in safety net of an exit strategy courtesy of a guaranteed buy back clause speaks volumes in regards to the developer's confidence in the brand, location and assured future revenue. Add to this the six per cent rental over an eight year period and investors free 21 days usage per annum plus knowing that the National Bank of Abu Dhabi has underwritten everything for the first two years and we have just about ticked every possible box for a safe and assured property investment.”

Author

A Place In The Sun