Lot 6
Auction
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Listed Residential Building in Strovolos, Nicosia

Auction
Cyprus
House
Residential

Sold for €187.000

Property Summary

  • Ground floor house with one-bedroom auxiliary apartment.
  • Extending to approximately 94 sq. m. internal area, covered verandas of 7 sq. m. and auxiliary apartment of 25 sq. m.
  • Plot size extending to 226 sq.m.
  • It consists of two uncovered parking spaces.
  • Potential for commercial development (subject to obtaining all necessary consents).
  • Located within the Historic Centre of Strovolos.
  • Currently rented at €800 per month with ±7.8% ROI. Tenants not affected.
  • 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

Yiannis Karagiorgis
Yiannis Karagiorgis
Property Agent, here to help.

Contact Us

Yiannis Karagiorgis
Yiannis Karagiorgis
Property Agent, here to help.

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Property description

  • A ground-floor listed house with a one-bedroom auxiliary apartment.
  • The house consists of a living room, 3 bedrooms, kitchen and a shower with wc.
  • The auxiliary apartment consists of a one-bedroom, sitting room, kitchen, and a shower with WC.
  • Two uncovered parking spaces.
  • Built on a plot extending to approx. 226 sq.m.
  • The house was constructed approx. in 1935 and partly renovations took place over the years.
  • Located within the Historic Centre of the municipality of Strovolos.
  • A nice restoration project to create a great tax-free rental investment property in the heart the municipality of Strovolos.
  • We are informed the property extends to approximately 94 sq. m. internal area, covered verandas of 7 sq. m. and auxiliary apartment of 25 sq. m.

Location

  • Located in Chyseleousa quarter, Strovolos municipality, Nicosia District, under Land Reg. No. 2/568.
  • The property is situated within the Historical Centre of Strolovos, approx. 500 metres south from Keravnos Strovolou Stadium, and 400 meters west from Strovolou Avenue.
  • The property is situated in a close proximity from Panagia Chryseleousis church, within the proposed square ‘Slow City’ https://www.strovolos.org.cy/allazei-opsi-to-istoriko-kentro-strovolou/
  • The immediate area of the property is characterised mainly by traditional/listed properties and commercial development such as shops, kiosks and more.

Tenancy

  • Subject to a tenancy at a current rent of €9.600 per annum

Zoning

  • The property falls within the Πα8α Residential Zone which allows for 140% building density, 70% building coverage, 2 floors and up to 7,00 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:

  • Four-bedroom accommodation including the auxiliary apartment.
  • Interested parties are recommended to undertake their own inquiries to confirm property 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.

*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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