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Block of flats for sale in Ayia Napa, Famagusta

Ayia Napa, Famagusta, Cyprus
Block of flats for sale in Ayia Napa, Famagusta 253 Ayia Napa
600000 €600,000  ($647,346)
Block of flats
Ayia Napa, Famagusta

€600,000  ($647,346)

SOLD

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BuySell Cyprus Real Estate offer on property will expire soon
In high demand!
Compared currency flag Pay in USD and save up to $22,657

Average Bank Rate (€600,000)
1 USD = 0.8955 EUR
$670,003

Mid-market rate (€600,000)
1 USD = 0.9269 EUR
$647,346

All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. To see the rates we quote for money transfer, please request a free quote.

Key features

  • Listing ID: 615134
  • Title deeds available
  • Year of Completion: 1981
  • Vat not Applicable
  • Abandoned two storey touristic building
  • Building density coefficients of 60%, coverage coefficient of 35%, over 2 floors and 8.30 metres

Description

The asset relates to an abandoned two storey touristic resort of 18 one-bedroom apartments in Agia Napa.
The building located in the famous resort of Ayia Napa, within walking distance to bars, restaurants, banks, supermarkets, schools and clinics. The block of apartments consists of eighteen apartments all with one bedroom and divided between ground floor, first floor and 2nd floor, office/restaurant, large reception (these could be converted into another two apartments). The total built area of the asset is 1134 sqm and the total land area is 1377 sqm. The asset falls within the Mixed Development Zone KΓΥ1, with building density coefficients of 60%, coverage coefficient of 35%, over 2 floors and 8.30 metres maximum height, respectively.
The property offers a great opportunity for holiday rentals or even yearly rental with the demand in this area being very high throughout the year.
A fantastic renovation project for someone with the vision to enhance an apartment block with massive potential. Being located in THE HEART OF AYIA NAPA the apartments will offer a great rental potential to all nationalities throughout the whole of the year.
Title Deed is available for the building.
BUILDING AND COMPLETE OUTER SPACE ARE IN NEED OF FULL RENOVATION.

Buying expenses

Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.

Stamp Duties
If buying as an individual
€1,108 ($1,195)
If buying on joint names
€1,108 ($1,195)
Transfer fees
If buying as an individual
€20,600 ($22,226)
If buying on joint names
€17,200 ($18,557)

Disclaimer - Property reference 615134. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.

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