The property is located in one of the most desirable residential and holiday destinations in Paphos. It is situated just a short drive from the renown Coral Bay Beach and the Coral Bay strip, which offers a variety of entertainment options and amenities. Close by there are also essential services such as supermarkets, bakeries, shops, cafes, pharmacies, banks etc. Additionally, its excellent location also means that the city of Paphos and the nature reserve of Akamas are only a 15 minute drive away.
Within the property there is a two-story house with a swimming pool, which was built around 2009. The ground floor consists of an open plan dining/kitchen/living area, a guest toilet, one bedroom, and terraces. The first floor consists of two bedrooms, the master with an en-suite shower and toilet, bathtub with toilet and balconies. The basement consists of storage areas and parking spaces. Externally, the property features a yard/garden and a swimming pool.
The house has a covered area of approximately 175 sq. m., covered verandas of approximately 29 sq. m., uncovered verandas of approximately 18 sq. m., and a basement area of approximately 41 sq. m.
The property 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.