One bedroom apartment (A15) in Xylofagou, Larnaca
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Auction
- Lot 7
- Cyprus
- Apartment
- Residential
Sold for €40.000
Addendum
Property Summary
- First floor one-bedroom apartment.
- Extending to approximately 48 sq. m. internal area and 11 sq. m. covered verandas
- Title Deeds are yet to be issued.
- Vacant possession.
- ±9.0% ROI potential.
- The sale of the property, which comprises of a one-bedroom apartment 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
- One-bedroom apartment on the first floor of a building under the name “ANDRIA COURT”.
- The property comprises of an open space living room/kitchen, a bathroom and one bedroom.
- Parking space available on the ground floor.
- Communal swimming pool.
- Title deeds are yet to be issued.
- We have been informed that the property extends to approximately 48 sq. m. of internal area and 11 sq. m. of covered verandas.
- In line with the current market trends, this property has a potential to generate a ROI in the range of ±9.0%
Location
- The apartment is located in Xylofagou Village, Larnaca district and forms part of the development under Land Reg. No. 0/7057.
- The property is adjacent to Salaminos Street along its north border and to Michalaki Vrahimi Avenue along its south border, it is situated approx. 260 m. east of Agios Stylianos Church and approx. 945 m. east of Saint George Church and the centre of the village.
- The property enjoys good accessibility to the Famagusta – Larnaca motorway (A3) and to the rest of the village.
- The immediate area of the property is mainly characterized by residential development such as houses and apartment buildings as well as residential land.
Tenancy
- Vacant possession.
Zoning
- The property falls within the "H2" Residential Zone, which allows 90% building coefficient, 50% building coverage, 2 floors and up to 8,30 meters height.
Accommodation
The property has not been measured by BidX1. The information was provided by the Vendor. We have been informed that the property provides:
- One-bedroom apartment accommodation
- It is recommended that interested parties undertake their own procedures to confirm property/building 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.
