2 Bedroom Land & Apartments For Sale In Cairo, Egypt
An unusual investment opportunity property in the vibrant and multi-faceted City Centre of Cairo, Egypt.
This land property has been in the same family for nearly 60 years. It appears to have stood still since then while everything around it has been gradually moving on into the future. The photos tell the story much better.
The City of Cairo has been going through huge changes in the last two decades. The present changes are a giant leapfrog compared to the past. New 21st centuries sub-cities are been created with foreign investments that indicate stability and confidence in this fantastic City and blessed Nation.
This is a fantastic opportunity to redeveloped this prime location land into luxury hotel or premium apartments for leasehold resale and for either corporate or private leases. A very good location for Corporate Headquarters.
In its central location, this land can also be redeveloped for offices or a combination of all the above.
The land has the potential for a modern tall build of 12 to 15 stories subject to the local planning authority, which can be easy realised with the current trends and precedence.
Located in the International Quarter of high premium area in Cairo and nearby international mall called City Stars Mall comprising 4 or 5 international 5-stars hotels. Also nearby are international Embassies, Banks, Large Public Cars Parking, High value cars show rooms, High value and premium buildings, Premium sports centres, & clubs. All are no more than 25 minutes from the City underground transport systems and 10 minutes to other key services and museums. See the link for exact location – https://goo.gl/maps/3pbucWnMNsn
Built in 1968. Four-storey apartment block on 433 square metres (27.50M deep x 15.75M wide). It currently consists of 10 residential tenancy apartments on four floors.
It is a bargain at the asking price in the region of £3.5 Million sterling at the current rate of 24.4 EGB [February 2018].
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The asking price in the region of £3.5 Million sterling at the current rate of 24.4 EGB [February 2018].
FREEHOLD FOR SALE. OPEN TO REASONABLE OFFER.