Available for sale is a ground floor two-bedroom flat in the community of Mazotos in the Larnaca District. The property is located approximately 550 meters north of the community center and approximately 550 meters northeast of the Mazotos-Alaminos connecting road.
The flat is on the ground floor of the development in Block B, which was built in 2007. It consists of a living room/kitchen as an open-plan space, two bedrooms, a bathroom with toilet, and verandas.
The property has an internal area of approximately 73 sq.m. and an uncovered veranda of approximately 26 sq.m.
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.