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Six residential units (2 semi-detached houses and 4 apartments) in a quiet and very attractive location in Tseri Municipality in Nicosia district. The properties are located at a distance of 320 meters southeast of the town hall and 135 meters east of Tseri Elementary School. They are ideally situated close to a plethora of amenities and services such as shops, supermarkets, restaurants, schools, parks etc. In addition, they enjoy excellent access to the city of Nicosia and the motorway. The complex was constructed in 2012 and comprises 8 residential units (4 houses and 4 apartments). The complex has acquired all the necessary permits. It is noted that the property has a distribution agreement and the share for sale (7/10 shares) concerns the apartments with No. 101, 102, 201, 202 (Red color) and the houses with No. 6 & 14 (A & Δ - Blue & Pink color respectively) as shown in the attached drawing. Specifically, the units for sale are 2 three-bedroom semi-detached houses, 2 two-bedroom flats, and 2 one-bedroom flats. It should be noted that all the units have a separate parking space (each). The total internal space area is 508 sqm (approx.), the covered verandas 51sqm (approx.), and the uncovered parking space 60 sq.m. (approximately). The key advantage of this property is that that the largest portion of the building is being sold, and it is considered an ideal choice for investment. It should be noted that the apartment with no. 202 and the semi-detached house with no no. 14 are vacant, while the rest of the units are rented.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
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