Table 1
Floor | Internal Area (m2) | Verandas (m2) |
Ground floor shop | 71 |
|
Ground floor flat | 109 | 25 |
1st floor Studio 1 | 28 | 9 |
1st floor Studio 2 | 26 | 4 |
1st floor Studio 3 | 25 | 3 |
1st floor Studio 4 | 22 | 4 |
1st floor Studio 5 | 24 | 4 |
1st floor Studio 6 | 27 | 5 |
Total | 332 | 54 |
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Auction
Mixed-Use Block in Deryneia, Famagusta
-
Auction
- Lot 15
- Cyprus
- Mixed Use
- Commercial
Sold for €235.000
Property Summary
- Mixed-use building on Eleftherias avenue, Deryneia
- Building comprises of one (1) shop, one (1) three-bedroom apartment and six (6) studio apartments
- Extending to approximately 332 sq. m. internal area and 54 sq. m. covered verandas.
- Plot extends to 532 sq.m.
- Vacant possession.
- ±10% ROI potential.
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Property description
- Two storey mixed-use building of one (1) shop and one (1) three-bedroom apartment on the ground floor and six (6) studios’ apartments on the first floor.
- In line with the current market trends, this property has a potential to generate a ROI in the range of ±10%
- Frontage to Eleftherias Avenue of approx. 15 meters.
- The shop has a seven metres length glass panel facing the main road
- The ground floor apartment has unified living/dining/kitchen area, a bathroom, two bedrooms and a covered veranda.
- The 6 apartments on the first floor are identical with each one consisting of a unified open plan studio, a bathroom/hygiene area, and a covered veranda.
- The outside area consists of a covered parking area and courtyard.
- Extending to approx. 332 sq. m. internal area and 54 sq. m. covered verandas.
- Plot extends to approx. 532 sq.m.
Location
- The property is located in the Deryneia Municipality, Ammochostos district, under Land Reg. No. 0/12196.
- The property is located on the main commercial road named Eleftheria Avenue which connects Paralimni and Deryneia Municipality and is approximately 500 metres northeast of Deryneia Town Hall.
- The immediate area is characterised by mixed commercial and residential activity with shops, blocks of apartments and offices with all amenities desirable by the public being available.
Tenancy
- Vacant Possession
Zoning
- The property falls partly within the commercial zone (70%) Εβ5 and partly within the Κα4(α) Residential Zone (30%), which allows 90% building coefficient, 50% building coverage, 2 floors and up to 8,30 meters height.
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:
- A mixed-use building.
- One (1) Shop
- One (1) three-bedroom apartment
- Six (6) studio apartments
- Interested parties are advised to undertake their own inquiries to confirm property / building measurements.
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.
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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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