[Rivermead Global Property]

Originally Posted by nazab

Since we are the first hotel that has actually opened its doors in Sahl Hasheesh since 1 year now, we are the only developer who already has the experience of maintenance costs in Sahl Hasheesh.

Our maintenance charges are calculated based on what we are already paying just for electricity and water for gardens and pools within our hotel in Sahl Hasheesh.

As each of the two compounds is on an area of around 59000 sqm . 80% gardens and walkways that need lighting and watering of the gardens. In addition to 3 swimming-pools.

Costs in Sahl Hasheesh are higher from Hurghada as these public utilities are provided by ERC.

We want to be honest with our buyers from the beginning and to keep maintaining the compound like a fully operating hotel all year round and not to cut down on services later on.

With a total of 350 units in each compound x GBP 960 ( average maintenance per unit ) = GBP 336 000 per year / 12 = GBP 28 000 / month to cover lighting / gardens/ pools/ security/ cleaning / garbage collection/ maintenance of the buildings and communal areas . I believe this is very reasonable. Other projects asking for less , don’t really know what they are talking about or they will not actually maintain the resort later on, or will ask buyers for more money every year.

Again as we are not just a developer or construction company that sells units and then disappears , we are meant to stay , manage and operate the resort for the benefit of the buyers and our benefit too.

I hope I have clarified this point for buyers and agents too.

Excellent post nazab and the first time anyone has actually provided a breakdown of costs and charges to show they have put some thought in to the cost and not just copied off someone else or plucked out of thin air.