Set in central Hurghada, this established hotel enjoys an excellent location with its own private beach.? This hotel has been closed since March and has undergone an extensive renovation project.? Investors are now able to take advantage of a truly turnkey investment.The project will be fully managed and offers an excellent opportunity. These hotel rooms all come with a 10 year rental guarantee, the first 5 years of which attracts a guaranteed rental of 6%.? There is a break clause in the rental guarantee after five years and for the remainder of the term the guarantee will increase to 8% of the purchase price.The hotel is due to reopen in November 2008 and so you can start to see your room earn income from November.? The rooms come fully furnished and this turnkey investment attracts no maintenance or management fees.? This price also includes furniture and therefore will also cover wear & tear on the furnishings during the rental programme.The property is offered freehold and solicitors,with offices in

	

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