FOR SALE - €110,000 - REF. NO. L108350
TENDER SUBMISSION DEADLINE:
TUESDAY 26 MAY, 10:00 a.m.
One-bedroom flat in an attractive location in the Agios Theodoros Quarter in the Municipality of Paphos. It is located approximately 100 meters northwest of Paphos D’ Elementary School and approximately 250 meters east of Tombs of the Kings Avenue.
The property benefits from its proximity to a wide range of amenities and services, such as supermarkets, cafes, and restaurants, offering residents comfort and convenience. Furthermore, it is located approximately 1 km northeast of the seaside coast of the tourist area, offering easy access to the sea. It is also just a 20-minute drive from Paphos Airport.
The flat with door number 102 (No. 8) was built around 2011 and is part of the “Diana 54” development, block C. It is located on the first floor of the development and consists of an open-plan living/kitchen/dining area, one bedroom, a bathroom with a toilet, and a covered veranda.
The internal area is approximately 45 sq. m., and the covered veranda is approximately 12 sq. m.
The complex has a shared swimming pool.
The flat is vacant and is an ideal choice for investment (rental) as well as for personal use.
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.
