Full Description
Detached two-bedroom house in the Municipality of Paralimni, Famagusta District. The property is located approximately 500 meters southeast of the General Hospital and approximately 350 meters east of Paralimni-Deryneia connecting road.
The property is ideally located close to a variety of services and amenities, such as schools, banks, supermarkets, shops, etc.
The property has a door number 7A and is located on the ground floor of a development that was built around 2004. The ground floor consists of a living room/dining room/kitchen as an open plan space, a guest toilet, and verandas. The first floor consists of two bedrooms, a bathroom, and verandas.
The property has its own parking space.
The property has a total area of 81 sq.m. of enclosed space and 53 sq.m. of uncovered verandas.
The property is vacant and is an ideal choice for owner-occupancy or rental with a good return.
Way of Transfer: Assignment of contract
The property is being sold through an assignment of a contract of sale, pursuant to which all legal rights of the seller shall be transferred to the new buyer. You are informed that there is no title deed for the subject property, and the seller cannot guarantee that a title deed will be issued in relation to the subject property. You are advised to seek independent advice in advance in the event that the subject property will be purchased through financing, as such assets are not generally accepted by the banks as collaterals for the purpose of granting a loan.
For the subject property, no information is available regarding any accruing payments relating to the original contract of sales and/or the developer’s obligations to erect the building based on the approved drawings and/or permits which is a prerequisite for the issuance of a separate Title Deed. The seller cannot guarantee that a title deed will and/or may be issued in relation to the subject property. The seller cannot guarantee on any additional amounts that may be owed towards the seller of the subject property pursuant to the original contract of sales.
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