Three-bedroom apartment in the Municipality of Paralimni in the District of Famagusta. The property is located approximately 300 meters southeast of Paralimni High School and approximately 750 meters from the Famagusta District Court.
It is located in an area with very good access to amenities such as schools, supermarkets, and other services.
The apartment is located on the 1st floor of a building constructed in 2011. The property consists of a living room/dining room/kitchen as an open plan space, three bedrooms (the main one with an en-suite bathroom/shower), a bathroom with shower, and an uncovered veranda.
The property has a total area of 93 sq.m. of enclosed space and 22 sq.m. of uncovered veranda.
The flat is vacant, and it is suitable for private use or for rental use with a good return.
Way of Transfer: Assignment of contract
The property is being sold through an assignment of a contract of sale, pursuant to which all legal rights of the seller shall be transferred to the new buyer. You are informed that there is no title deed for the subject property, and the seller cannot guarantee that a title deed will be issued in relation to the subject property. You are advised to seek independent advice in advance in the event that the subject property will be purchased through financing, as such assets are not generally accepted by the banks as collaterals for the purpose of granting a loan.
For the subject property, no information is available regarding any accruing payments relating to the original contract of sales and/or the developer’s obligations to erect the building based on the approved drawings and/or permits which is a prerequisite for the issuance of a separate Title Deed. The seller cannot guarantee that a title deed will and/or may be issued in relation to the subject property. The seller cannot guarantee on any additional amounts that may be owed towards the seller of the subject property pursuant to the original contract of sales.