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Pay in USD and save up to $3,277Detached two-bedroom ground-floor house which concerns the 1/4 undivided share of the property in Ormideia community, of Larnaca District. The parcel is corner and abuts Digenis Akritas street along its southwest border, with a frontage of approximately 28 meters and Markos Botsaris street along its northeast border, with a frontage of approximately 42 meters.The property is located approximately 340 meters southeast of the Ormideia A Primary School and approximately 1,3 km northeast of the Larnaca–Famagusta highway. Detached two-bedroom ground-floor house which concerns the 1/4 undivided share of the property in Ormideia community, of Larnaca District. The parcel is corner and abuts Digenis Akritas street along its southwest border, with a frontage of approximately 28 meters and Markos Botsaris street along its northeast border, with a frontage of approximately 42 meters.The property is located approximately 340 meters southeast of the Ormideia A Primary School and approximately 1,3 km northeast of the Larnaca–Famagusta highway. It is situated in a developing and beautiful area close to all necessary amenities and services and it has easy access to the neighboring villages and the motorway. It abuts government land along its southern, western, and northern borders. The house which is located on the northwest part of the property, was initially built around 1957 and later around 1983 and it consists of a kitchen, a living room with a dining area, two bedrooms, a guest bathroom and a main bathroom. The area of the interior spaces amounts to 60 sq.m. (approx.). Noted that the property is occupied. The house was built on a property of a total land area of 1000 sq.m. and it falls within the residential zone H2 with a building factor of 90%. The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).
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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