Pyramisa beach resort, Sahl Hashish

[chandra]

Hello everybody!
Just wondering; anybody buying or bought a property in Pyramisa beach resort? Let me know. I have purchased property myself and I got a fantastic business idea to manage personal holiday allowance rental.
Thanks.

Chandra

[Investing Wisely]

Hello Chandra,

i am looking to invest in the pyramisa beach resort, when did you buy at this place? could you please provide some information on the resort and which agent you went through?

Its sounds really interesting and i am also planning to go and visit the place before making a decision.

Having done some research on this resort there seems to be alot of mixed views/thoughts from people who have actually been to the hotel.

Have you (or anyone else at this forum) been to this hotel? i would like to hear people's views.

I am after a long-term hassle free investment with a guaranteed rental return.

I also came across the Zafarana resort, but it did not appeal to me, due to there not being an airport near by and also i have been told that the place is not worth much at the moment and therefore the guarantee they offer is incorporated within the price you pay for apartment.

[chandra]

Dear mate, even I was looking for a hassle-free investment. And in a country like Egypt it is a great task. I bought a studio apt for 36,000£ from IPIN ( propertyshowrooms) 3 weeks back. When it went out for sale it was for 47000£ initially. they reduced price of only 9 studios to attract customers. I have appointed a solicitor from MaxGold company. He charged me 1700£ but this firm is supposed to be really good.I did not want any headache so I went for best possible solicitor. He is the same person who prepared a due diligence report on this property. I have instructed him to get the lifelong rental guarantee to be included in the contract. I will have everything promised promised by builder included in the contract. I run a holiday rental company. I am going to rent out my 4 weeks holidays through my website:- nilecruisesandresorts (the website is under construction).
Pyramisa company is a Cairo stock market listed company who owns 6 resorts and 4 cruises, all 5 *.
Looking into all these factors I went for the Sahl Hashish Pyramisa.
Any questions? Get back to me. My mobile no is 07789812611.
All the best.
Chandra

[Investing Wisely]

Hello Chandra

I have also been contacted by IPIN, who i believe are acting as the agent for Pyramisa. They are offering me a studio apartment for £40k, however with a 10% reduction in price if i was to pay all-up front without any finance plan (mortgage), i.e, the studio would cost me 36k.

They have also told me about MaxGold solicitors, but i was looking to get an egyptian solictor to check the contract through. A friend has advised me off a solictor that he once used in egypt and highly recommends this person.

Did you get the chance to visit the place, have you been to egypt?
As i said, i am looking to book flights early in the year and go down to see for myself.

I like the sound of this holiday rental company that you are looking to run. To be honest i don't intend to go there that often myself and would consider letting my place out to people to generate some further income hopefully, i will definately check the website out.

Thanks for getting back, glad to know we have similar interests.

Take Care.

[Peter Mitry]

Will your new holiday rentals company consider apartments from other Sahl Hasheesh owners? How do you plan to market the apartments?

[chandra]

Hello again,
Yes I did go for that offer and I got it for 36K £.
Hopefully my website will be up and running in 2 weeks time. I am going to contact other purchasers as well and form a club of owners. That will give us more solidarity. Anybody can sell their holiday alllowance through my website and a company thet goes with the same name.
I haven't been to egypt but I am planning to visit it next year. Have look at some reviews from people who stayed at that resort on tripadvisor website.
I think IPIN is a very good company and that's the reason I have invested in their spanish project as well.
Regarding solicitors my experience is limited but definitely have a look at the MaxGold website.
Don't forget to get few things included in your private purchase contract and leaseback contract.
all the best.

Chandra

[Goldberg Global]

Peter, Pyramisa is the hotel operator and also the renter. It has a holiday company as well as development company, it does cruises and holidays. They are quite clever operators. They see both sides. Building and Selling the rooms, I think RCI are going to rent the rooms. Worth for RA to talk to RCI.

[Peter Mitry]

I have been in touch with Pyramisa as I had enquiries for their product but they are tied into Property Showrooms until the end of November. RA are already in discussions with a number of International hotel operators to manage all of their projects in SH. One of them at least is also linked to RCI so this could open up a lot of opportunities in the future.

[Goldberg Global]

Peter I know of companies that have signed agreements with Pyramisa so that information is not correct. There is alot of mis information around.

[chandra]

Hi darren!
chandra again.
What is RA?
Thanks