Ocean View Hurghada

Overview

Neil (MD) of Rivermead Global Ltd giving you a little bit of information on Ocean View Hurghada

These apartments are being built in what has to be one of the most enviable locations along The Red Sea Coast in Hurghada, with breathtaking views over the crystal clear waters. Anyone that knows Hurghada, knows the opportunity to buy in this location only comes around a couple of times in a lifetime, don't miss out on this one.

This type of land is Premium land and like everywhere in the world, Premium land and views come at a cost, which you can see with the development next door to Ocean View Hurghada. However, in Ocean View you aren't paying the same high prices, well not yet anyway because if these get snapped up I can see the developer trying to increase the prices, so don't delay.

There are 4 different sizes being built on 4 floors, all 2 bed and 1 bath as follows:

88sqm (gross) - SOLD OUT

91sqm (gross) - SOLD OUT

117sqm (gross) - SOLD OUT

120sqm (gross) - €95,700 only 2 remaining this one on the second floor and one on the forth floor priced at €98,340

Payment Plan

After negotiating with the developer face to face we have managed to get  Rivermead Global Ltd clients the following payment options:

  • 10% reservation fee

  • 30% on contract signing

  • 60% paid interest free until June 2019

We can also offer a 5% discount for cash purchases

Maintenance Fees

This is an annual charge which covers the upkeep and maintenance of the communal areas, and the interior extras like WiFi/CCTV/Security etc...

The fees are 6,000le per annum for each apartment

Additional buying costs

Independent Solicitor – The one we recommend charges our clients £600 for all legal searches, contract review AND includes the Signature Validation, paid after reserving the property and before any contracts are signed. It also includes all government fees/official translator fees and covers the cost of the lawyer picking you up from your hotel/apartment and driving you to the various offices and back home again.

Connection to utilities - Due to price of this changing week on week it is difficult to give a set price however, it is currently around 3,000le, and will be similar in the future

Furniture - This will depend on what items you require and Rivermead Global have our own furniture company and have been furnishing properties in The Red Sea since 2009. You are of course free to choose your furniture from anywhere, but we will be offering our clients some great deals and special offers when the time comes to furnish.

Completion Schedule

Updated 15th Dec 2018 - When we discussed the completion date the developer initially said Dec 2018 we advised him against putting himself under pressure and there seems to have been some miscommunication, he agreed to change the completion date to June 2019 but we thought he’d left it as Dec 2018. After speaking to him this week (7th - 14th Dec 2018) he has corrected us, after checking the sales contracts it is indeed June 2019 (we do sometimes make mistakes, but not very often :) ).

Location, Location, Location

Here is a link to a Google Map showing the exact location, the opportunity to buy in this location doesn't come around very often - https://goo.gl/maps/eEbeq4g1tV32

As with all our developments we will be sending owner's monthly updates with photos and videos plus we have an Ocean View Hurghada Facebook Page and this will soon have an Owners Group linked to it, please go and LIKE this page as we will be uploading new photos and videos to it:

Ocean View Hurghada

We have our own team on the ground in Hurghada and we can arrange to show you any of our fantastic developments including Ocean View Hurghada, plus give you a tour of Hurghada if you are not very familiar with it.  All you need to do is contact us below, it is as easy as that, we can then email you the plans/payment terms/photos or anything else you require.

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