15 Acres Oceanfront Land With 100m Private Beach - North Africa Property For Sale Or Rent at BestRealEstatePlanet.com

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Property For Sale Or Rent: 15 Acres Oceanfront Land With 100m Private Beach

Egypt

Hurghada
Egypt

Property for sale: $15,000,000 CAD (Negotiable)

Oceanfront Land For Sale in Hurghada, Egypt

Exceptional Red Sea Riviera Property

Our client is the sole owner of an extremely desirable undeveloped parcel of land located on the Red Sea Riviera in the internationally renowned resort city of Hurghada, Egypt.

Exceptional Red Sea Riviera Property

Our client is the sole owner of an extremely desirable undeveloped parcel of land located on the Red Sea Riviera in the internationally renowned resort city of Hurghada, Egypt. The property is approximately 15 acres (61,000 square meters or 610 meters x 100 meters) in size, and is perfectly positioned on the main Cairo road with 100 meters of private beachfront exposure.

The location of our client's property may well be the best in Hurghada. It is in close proximity to many prestigious international 5-star hotels such as the Hilton, the Marriott, the Meridien, the Sheraton and the InterContinental - and close to Prince Ben Saoud's magnificent palace.

The current land value of waterfront property in Hurghada is 1,000LE per square meter,which by extension (61,000 square meters x 1,000LE) places the land value of the property at 61,000,000LE or around Canadian$15,000,000.

Our client hopes to find a joint-venture partner (or partners) with the financial resources to develope this exceptional property into a deluxe resort and hotel complex, where she is prepared to participate as a minority shareholder.

Alternatively our client will also consider an outright sale of the property.

Property Summary