Auction
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One-bedroom Listed House in Tseri, Nicosia

  • Auction
  • Lot 69
  • Cyprus
  • House
  • Residential

Sold for €33.000

Property Summary

  • The asset comprises a listed house.
  • North-western frontage of approximately 3 meters on a registered, public road.
  • Governmental grants up to €90.000 for the restoration of a listed building (conditions apply). 
  • 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

Anna Michaelidou
Anna Michaelidou
Property Agent, here to help.
Themis Portfolio Managment
Vendor's Solicitor

Contact Us

Anna Michaelidou
Anna Michaelidou
Property Agent, here to help.
Themis Portfolio Managment
Vendor's Solicitor

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Property description

  • Listed ground floor house with mezzanine. The property consists of an open plan area on the ground floor, a bedroom on the mezzanine and a covered veranda.
  • Land area extending to approximately 393 sq.m.
  • North-western frontage of approximately 3 meters on a registered, public road.
  • 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. 

Location

  • The property is located in the Municipality of Tseri, Nicosia district, under Land Reg. No. 1/94.
  • The property is situated approximately 125 meters west of the registered, public asphalt paved Theodosi Pieridi road and approximately 205 meters south-west of the 1st Primary School of Tseri.
  • The immediate area of the property is characterised by a mixture of residential and commercial properties.

Planning

Incentives

Based on the Law on Preserved Buildings of 2002 (Law 240 (I) / 2002):

  • Any income generated from restored listed buildings is exempted from income tax exemption.
  • Any transfer fees paid will be returned upon restoration.
  • Any unutilised coefficient can be sold.
  • Governmental grants up to €90.000 for the restoration of a listed building (conditions apply). 

Zoning

  • The property falls within the "Πα9" Residential Zone, which allows 120% building coefficient, 70% building coverage, 2 floors and up to 8,3 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:

  • Listed house
  • 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.

Helpful links

*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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