From the land of legends, a guaranteed 7% return!
Egypt is emerging as one of the world’s favourite tourist destinations and Fly2Let investors know that where there is growth in this sector, opportunities for sound investments will be prevalent. Finding the right investment with all the necessary legal and planning completed is of paramount importance as is the credibility of the developer. Golden Park is a fantastic opportunity that Fly2Let investors should consider.
The project is being developed by Kimidar Group, Egypt’s second largest tour operator with an existing infrastructure of Hotels and Resorts, which currently services some 4,000 visitors per week at Golden 5 City, Hurghada where occupancy rates are above 85%. In addition, the resort is conveniently located 5km from the new Hurghada £66m airport terminal scheduled for completion in 2011 upon which, arrival capacity will increase from 6.7million to 7.5million passengers.
The Golden Park Resort is an award winning 5 star luxury resort and spa development under construction and located next to Kimidar Group’s largest resort Golden 5 City. This volume of tourism activity that Kimidar Group generate will allow for strong returns and the residential turn-key units are available with a 7% sale and leaseback contract, which also offers owners 4 weeks personal usage.
The properties on offer are Studio, 1/2 Bedroom Apartments and Penthouses through to a range of Villas and prices start from just $69,000. Prices include furniture and when buyers assign the property back to Kimidar Group they will receive a 5 year renewable rental guarantee at 7%.
|