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The asset is a two-bedroom apartment on the third floor of a mixed-use building in Panagia, Nicosia. The asset is adjacent to Larnakos Avenue, c. 600m northeast of Constantinou & Eleni’s cemetery and c. 660m east of BMH military camp. The asset has an area of 119sqm and consists of an open plan living/dining area, a kitchen, two bedrooms (one en-suite) and a bathroom. Ceramic flooring, split units and central heating are installed. The immediate area of the asset comprises of commercial and residential developments and enjoys easy access towards Nicosia city centre. The asset falls within commercial planning zone Eβ2 with building density coefficient of 180%, coverage coefficient 50%, in 8 floors and a maximum height of 31m. Important note: The property is currently in tender process. Interested parties are welcome to submit their bids at the latest by 07/10/2022. All urban features must be checked with the proper authorities. The Seller has the right to review the selling prices without any prior notice.
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.
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