Ground floor shop (No. 6) in Ayia Napa, Famagusta
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Auction
- Lot 22
- Cyprus
- Retail
- Commercial
Sold for €45.000
Addendum
Property Summary
- Ground floor shop with mezzanine in Ayia Napa.
- Extending to approx. 31sq. m. of internal area and 15 sq. m. of mezzanine area.
- Vacant Possession.
- Title Deeds are yet to be issued.
- ±8.5% ROI potential.
- The sale of the property, which comprises of a shop 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.
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Property description
- The property is situated on the ground floor, shop No. 6.
- The building was constructed approx. in 1990.
- The property comprises of an open plan space on the ground floor and mezzanine floor.
- Title Deeds are yet to be issued.
- We have been informed that the property extends to approx. 31 sq. m. of internal area and a mezzanine area of 15 sq. m.
- In line with the current market trends, this property has a potential to generate a ROI in the range of ±8.5%.
Location
- The property is located in Ayia Napa, Ayia Napa Municipality, Ammochostos District, under Land Reg. No. 1/321.
- The property centrally located on Theodosi Pieridi street, an area characterised mainly as commercial with retail shops and restaurants.
- Located next to the Ayia Napa post office, approx. 450 m. west of the Ayia Napa Monastery and approx. 300 m. north of Nissi Avenue.
Tenancy
- Vacant possession.
Accommodation
The property was not internally inspected or measured by BidX1. The information was provided by the Vendor. We are informed that the property provides:
- Ground floor shop with mezzanine.
- Interested parties are recommended to undertake their own inquiries to confirm property measurements.
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*Terms & Conditions
Islanders Estate Agencies Ltd (as a licenced Estate Agent), T/A BidX1 Cyprus Sales, Registration No. 1251, Licence No. 625/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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