106 sqm ground-floor apartment for sale in Madinaty | Currently rented, with monthly rental income and a 10% annual increase

Investment opportunity in Madinaty, a 106 sqm ground-floor apartment, already let under an existing lease until 31 July 2028, providing rental income from the date of transfer of ownership in accordance with the terms of the contract.

Apartment details:
- Official area: 106 sqm, according to the company documents.
- Floor: Ground floor.
- 3 bedrooms.
- 2 reception areas.
- 2 bathrooms.
- Kitchen.

Rental income:
- Current rent: 14,000 EGP per month.
- Annual increase: 10% as per lease.
- Expiration date of the lease: 31 July 2028.
- Monthly installment payable to the company: 12,270 EGP.

Details of sale and payment:
- Required upon transfer: 5,000,000 EGP.
- Total Remaining Installments to the Company: 2,316,370 EGP.
- Monthly installment: 12,270 EGP.
- Annual installment: 317,650 EGP.
- Annual club installment: 62,442 EGP.
- The buyer completes the remaining installments directly with the company according to the payment schedule.

Total value: 7,316,370 Egyptian Pounds, including the amount requested at transfer and the remaining instalments stated.

The unit has a current tenant and an existing lease, with an agreed annual increase, making it suitable for those looking to invest in real estate and earn rental income without waiting for the unit to be rented out.

Documents and the installment schedule are available for serious buyers to review.