Hurghada’s Marlion Residences - Beachfront Bargains

It’s difficult to see what’s so ‘Great’ about the Great British Pound at the moment as it flounders at an all-time low against the euro – 1.26 euros per GBP at the time of writing.  So it’s definitely a wise move to look outside the eurozone for property purchase.  Egypt’s Red Sea Riviera is a tantalising option, particularly when you see just how far those Pounds stretch.  Just 36,000 of them will buy a beachfront studio at Hurghada’s Marlion Residences – the Pound almost feels ‘Great’ again…

Stretching along 36km of seafront, the up-and-coming holidaymaker’s favourite is blessed by year-round sunshine and provides a haven for outdoor pursuits from diving amongst the sheltered reefs to driving along the verdant fairways.  Thoughtfully designed developments are springing up along Hurghada’s coast with all-but a few of the coveted frontline beachfront plots dedicated to luxurious hotels.  Marlion Residences has managed to secure one of these gold dust plots.

Samuel Mond, GEM Estates’ Egypt expert comments, “Idyllic beach location aside, Marlion Residences has plenty more to offer.  Each and every freehold unit will be delivered with a complete furniture package included in the below-market-value price, a wise step considering that a guaranteed rental agreement of 10% per annum is in place for ten years – and that’s net.  Add the fact that in an accelerating property market, the likelihood of between 30% and 50% capital appreciation before completion in early 2010 is a strong reality, and this is somewhere you should seriously consider putting your Pounds.”

10 minutes from the International Airport and just 15 minutes walking distance south of downtown Hurghada with its vibrant nightlife and wide retail offering, Marlion Residences is in a quiet, scenic residential area on the way to the mega-resort of Sahl Hasheesh.  Arranged over four floors and with a total of 272 apartments, Marlion Residences has been architecturally designed in order for each home to have an outlook on the warm clear Red Sea.  Balconies are standard for all apartments whilst penthouses have sun-trap rooftop terraces.  Pre-installation for air-conditioning, TV, telephone, ADSL and fire alarm is also taken care of.   
 
On-site a selection of the ground floor units will be dedicated to shops, restaurants and other handy services whilst Marlion Residences also boasts two large swimming pools running alongside a private beach reserved for owners and their guests.  A Jacuzzi and gymnasium complete the attractive picture and of course enhance rental potential.

Building licenses are in place and available for inspection, as is a 20 year structural guarantee plus two years for minor defects to give added peace of mind. 

Prices start from just £36,000 for a studio apartment with payment terms £2,000 reservation, 35% first payment and then nothing more until completion in 2010, finance of up to 65% is available subject to status.  

These terms only apply to the first 50 investors so reserve now by contacting GEM Estates on info@gem-estates.com, visit www.gem-estates.com or call UK Freephone 0800 036 0068, Irish Freephone 1800 211 462 or call the Spanish office on 00 34 952 799 286. 

Author: 
Date: 10/1/2008