SERVICE APPARTMENT 5 STAR FOR SALE 1200 SQ M RENTED YEARLY ONE MILLION DOLLARS HUGE INVESTMENT MAADI NILE CAIRO
Downtown Cairo, Cairo
3 weeks ago
Highlights
TypeApartment
OwnershipPrimary
Area (m²)1,200
Bedrooms10+
Bathrooms10+
FurnishedYes
Details
Level3
Payment OptionCash or Installment
Completion statusReady
Delivery Date11
Delivery TermFinished
Amenities
Maids Room
Description
G + 20
One year receipt and the building is ready for inspection
Hotel tower
Directly on Maadi Corniche
Hotel unit before price increase
1200 m like a palace
Direct Nile view
Third floor
Finished with air conditioners, furniture and appliances
Final receipt for one year, with a down payment starting from / 62 million and 500 thousand pounds
Total price before discount: / 274 million pounds
Total price after discount for a limited period / 250 million pounds, equivalent to 5 million dollars
Payment plans:
25% down payment and the rest over 3 years
35% down payment and the rest over 4 years
50% down payment and the rest over 5 years
Contract clauses that guarantee the client's rights
In the event of a delay in receiving the unit for a year and 6 months, the client stops paying the installments until he receives
Rent starts from 18% and 50% of it is collected after 6 months / average rent of one million dollars annually
Rent with the management company starts from 15% of the total unit price annually, in the event of collecting less than 15% in any year, the company is obligated to pay a fine of 10% of the total unit price
A real rental return after receipt starts from 18% to 22% as a minimum of the total unit value annually
In the event of leasing with the management company, no administrative expenses are collected from the rent until the installments are paid
Mohamed El-Sayed / (View phone number) NOVARA
