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Upper floor house with semi-basement, which concerns ½ of the undivided share of the building, corresponding to a land area of approximately 89 sq.m. in the Agros Community, in Limassol District. It is located approximately 380 meters northeast of the Community Primary School. Upper floor house with semi-basement, which concerns ½ of the undivided share of the building, corresponding to a land area of approximately 89 sq.m. in the Agros Community, in Limassol District. It is located approximately 380 meters northeast of the Community Primary School. The house was built around the year 1950. It consists of a living room, kitchen, toilet with shower, two bedrooms and uncovered terraces. The semi-basement area is configured as storage space. The area of the interior spaces amounts to 87 sq.m. (approx), the uncovered terraces amounts to 15 sq.m. (approx.) and the semibasement is 39 sq.m. (approx.). The property falls within the Residential zone Η1 with a building factor of 120%. Please note that the house is illegally occupied. 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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