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PRIME INVESTMENT OPPORTUNITY - INCOME PRODUCING PROPERTY
The property consists of 5 apts in total, constructed during Yr. 2009 and is located within Agios Tychon community center. It enjoys a total road frontage of about 40 sq.m and abuts Modestou Panteli Street. The immediate area is characterized mainly by residential developments.
The property in specific:
GROUND FLOOR: Covered parking spaces with total area of approx. 190 sq.m & Storage Units of approx.27.5 sq.m.
FIRST FLOOR:
1. Apt 101, of about 83 sq.m enclosed areas + 17.5 sq.m covered veranda. VACANT
2. Apt 102, of about 53 sq.m enclosed areas + 10 sq.m covered veranda.
3. Apt 103, of about 75.5 sq.m enclosed areas + 13.5 sq.m covered veranda.+ 2 sq.m uncovered
SECOND FLOOR:
1. Apt 201, of about 98 sq.m enclosed areas + 17.5 sq.m covered veranda + 37 sq.m uncovered. VACANT
2. Apt 202, of about 77 sq.m enclosed areas + 13.5 sq.m covered veranda.
Property falls within H2 planning zone of 90% building density, 50% coverage, 2 floors and 8.3m height.
GPS COORDINATES: 34.72661269 33.14065271
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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