Property ID: 3911269

Price: 3911269 63400.00 EUR

Key Features

Residential Property

Egypt - Red Sea - Hurghada

Apartment

Full Description

  


Malaki Club - For The Investors Out There
 


Malaki Club is one of two phases on the luxurious resort of Samra Bay, a resort that benefits from a beachfront location with a marina, a unique lagoon, mature landscaped gardens, facilities to rival any 5* hotel including a Spa and Wellness Club.


 


Malaki Club is aimed primarily for investment purchasers. Working in conjunction with a world renowned hotelier and the income guaranteed by a major bank means that clients who purchase a Malaki Club apartment can invest with confidence.


 


Using the knowledge and experience of a major hotelier will enable the developer to manage your unit and give the purchaser a guaranteed income for a minimum of 8 years. The income is adjusted for inflation and increases year on year after the first 2 years. Of course, you will still have 3 weeks per year to enjoy the facilities and find out why Samra Bay is so popular.


 


 


 


The Property
 


Malaki Club is made up of Studio, 1 bedroom and 2 bedroom apartments and all units are finished to luxury hotel standard. The apartment buildings will be 6 storeys tall by completion. The units are air conditioned and come fully furnished, with a small kitchenette area with a mini fridge and tea and coffee making facilities only. The units will be used as part of the hotel, managed exclusively by a leading hotel management company. All apartments have views over freshwater swimming pools, established gardens, the beach, promenade areas and the Red Sea. Malaki Club is being built to a luxury specification, using the highest grade materials, ceramic and glass. The finishes are lavish, all of the bathrooms feature deluxe hydro massage showers. There are 6 different apartment types in the Malaki Club; 2 types of Studio, 3 types of 1 bedroom and 1 type of 2 bedroom.


 

• Studio Apartment Size : 47m2


• 1 Bedroom Apartment Size : 74m2


• 2 Bedroom Apartment : 106m2 

 


   


 


Why Purchase a Malaki Club Apartment
 


 

• Freehold Beachfront Hotel Units located within the Golden Mile


• Properties up to 40% below other built comparables


• Minimum 80% Net Return over 8 years *


• Fully Furnished


• income Guaranteed by an International Bank**


• 125% Developer Buy Back Option


• 3 weeks Personal usage Per Year & 50% Discount on all Facilities (excluding SIPP purchase)


• Suitable for SIPP (Self Invested Pension Plan) Investment

 


 


What is a SIPP
 

• Self Invested Personal Pension (SIPP)

 

• Personal pension for which the person investing for retirement has a greater control and choice where their fund is invested.

 

• Fund managers may invest in potentially volatile stocks and shares, allowing you limited or no control on how your money is invested or its performance.

 

• SIPP's give the 'control' back to the individual

 

• Wide variety of investment choices, one of which is Commercial Property, such as hotel & holiday accommodation

 

• Same tax relief benefits available - between 20% & 40% depending on the prevailing tax rates and your personal tax band

 

• The SIPP can borrow up to 50% of its net assets - for further investment

 

• SIPPS are fully regulated by the Financial Services Authority (FSA)

 

• No personal use is allowed under SIPPS

 


It is our understanding that the SIPPS products that we offer have been approved by Pension Trustees who have IFA and HMRC approval.  It is essential to discuss your personal requirements with an IFA.  We can assist in introducing you to an IFA who is familiar with this type of investment.  There are annual charges which the SIPPS provider would cover with you.


 


Please note that neither Select Resorts nor Savills are able to give you advice as to the suitability of a SIPP as this is dependent on your own circumstances which an IFA would fully discuss with you.


 


  


Rental Income Options
 


Set out below are two different Rental Income options detailing the potential net return of a property owned in Malaki Club over 8 years.


 


 


Rental Income Option 1 - Guaranteed Income
 


 


 





 


 


 


 


 




Rental Income Option 2 - Profit Share
 


Purchasers will be sharing the profit with the developer. Expected client income can be calculated by multiplying client profit of the average room rate by the hotel occupancy rate. Clients will also receive 2 weeks personal usage and 50% discount of facilities.


 


 


 


 


 


 


 


 


 




















 


        


 


 


                                                                                               


 


 


Other Great Purchase Benefits
 

• Units can be sold at any time, however the developer offers a buy back option of 125% after 8 years


• Developer retains half of the units, therefore the developer maintains a shared interest


• Management company already in place


• Hotels operating within the group average yearly occupancy rate of 85 - 92%


• All costs laid out at contact stage


• No other maintenance, management or service charges

 


 


Prices and Payment Terms
  

• Low entry costs


• Fully furnished with prices starting from