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House in Aglatzia, Nicosia

Auction
Cyprus
House
Residential

INVITED OPENING BID  €40.000

Bidding deposit €2.000 *fully refundable if unsuccessful bidder

Extension period added...

Auction Date 15 December
Closing Time 11:00:00 (GMT+2)

Available viewing

Please contact us to enquire about arranging a viewing.
Phone
+357 22 000380
Email
info@cy.bidx1.com
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Property Summary

  • Share of ground floor derelict residence (50% Share).
  • We are informed that the property was built within a plot extending to approx. 335 sq.m.
  • Building Permit for conversion/extension to a two bedroom type house.
  • Vacant Possession.
  • This property has a minimum conditional price subject to confirmation (STC). The highest offer is subject to approval by the vendor, who has a maximum of 2 working days to respond. In the meantime and in case of approval by the vendor the highest offer placed will be mutually binding. You will find more information in the Terms and Conditions.

Contact Us

Victoria Georgiou
Victoria Georgiou
Property Agent, here to help.

Contact Us

Victoria Georgiou
Victoria Georgiou
Property Agent, here to help.

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Property description

  • Share of ground floor derelict residence (50% Share).
  • Within a plot extending to approx. 335 sq.m.
  • Architectural plans in place for changing use to a one-bedroom apartment.
  • Title Deed available.
  • We are informed that the property is built within a plot extending to approx. 335 sq.m.
  • Building Permit for conversion/extension to a two bedroom type house
  • The sale of the property, which comprises of a 50% of house, is subject to the right of first refusal granted to co-owners under section 25 of the Immovable Property (Tenure, Registration and Valuation) Law, Cap. 224.

Location

  • The property is located in Aglantzia Municipality, Nicosia district, under Reg. No. 1/649.
  • The property is adjacent to Nikou Georgiou street, approx. 100 m. south of Larnakos Avenue, approx. 100 m. north of Old Aglantzia Cemetery, approx. 700 m. north of E’ Elementary School of Aglantzia and approx. 1.2km west of University of Cyprus.  
  • The property has good accessibility towards Nicosia’s city centre and the surrounding areas through Larnakos Avenue which is purely commercial, with shops, offices, apartments, bakeries, restaurants and banks.
  • The immediate area of the property is mainly characterized by residential units such as houses and apartment buildings.

VAT

VAT not applicable - Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is not subject to VAT

Zoning

  • The property falls within the “Πα9” city centre special zone, which allows for 120% building coefficient, 70% building coverage, 2 floors and up to 7 m. height.

Accommodation

The property was not internally inspected or measured by BidX1. The information was provided by the Vendor. We have been informed that the property provides:

  • Share of ground floor derelict residence (50% Share).
  • It recommended that interested parties undertake their own inquiries to confirm property / building measurements. 

Tenancy

  • Vacant Possession.

*Terms & Conditions

Islanders Estate Agencies Ltd as a licensed Estate Agent, T/A BidX1 Cyprus Sales, Registration No: 799 / Licence No: 376/E. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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