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Available for sale is a two-bedroom apartment located in the Municipality of Pegeia, Paphos District, within a well-maintained residential development. The property enjoys a convenient location close to all essential amenities and services, while offering easy access to the centre of Pegeia, neighbouring communities, and the popular Coral Bay area. Situated on the third floor in the northern part of the complex, the apartment comprises an open-plan kitchen, living, and dining area, two bedrooms, a family bathroom with WC, and a spacious uncovered veranda offering unobstructed panoramic views of the sea, Pegeia, and Coral Bay. The apartment has an internal covered area of approximately 65 sq.m. and an uncovered veranda of approximately 30 sq.m. Residents benefit from the right to use the communal swimming pools and other shared facilities within the development. The property is vacant and represents an excellent opportunity for permanent residence, a holiday home, or an investment with strong rental income potential.
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, a written confirmation letter is available that all payments towards the seller and/or registered owner of the property pursuant to the original contract of sales have been settled.
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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