€600,000 $634,652
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Pay in USD and save up to $22,213Key features
- Listing ID: 615134
- Title deeds available
- Year of Completion: 1981
- Vat not Applicable
- Abandoned two storey touristic building
- Building density coefficients of 60%, coverage coefficient of 35%, over 2 floors and 8.30 metres
Description
The asset relates to an abandoned two storey touristic resort of 18 one-bedroom apartments in Agia Napa.
The building located in the famous resort of Ayia Napa, within walking distance to bars, restaurants, banks, supermarkets, schools and clinics. The block of apartments consists of eighteen apartments all with one bedroom and divided between ground floor, first floor and 2nd floor, office/restaurant, large reception (these could be converted into another two apartments). The total built area of the asset is 1134 sqm and the total land area is 1377 sqm. The asset falls within the Mixed Development Zone KΓΥ1, with building density coefficients of 60%, coverage coefficient of 35%, over 2 floors and 8.30 metres maximum height, respectively.
The property offers a great opportunity for holiday rentals or even yearly rental with the demand in this area being very high throughout the year.
A fantastic renovation project for someone with the vision to enhance an apartment block with massive potential. Being located in THE HEART OF AYIA NAPA the apartments will offer a great rental potential to all nationalities throughout the whole of the year.
Title Deed is available for the building.
BUILDING AND COMPLETE OUTER SPACE ARE IN NEED OF FULL RENOVATION.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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