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The property under concideration is an apartment with door no. 102 on the 1st floor of a residential building located in Pallouriotissa,Nicosia. The apartment is comprised of an open plan entrance/sitting/dining/kitchen area, one bedroom, a toilet/bathroom and covered terraces. The apartment has the exclusive right of use of a covered parking and a storage room on the ground floor.
The asset is currently rented until 3/1/2025 producing 4.7% ROI.
The asset is located approximately 320m northwest of Pallouriotissa churc, approximately 1km from Nicosia city centre, approximately 2km from B1 motorway.
The property falls within Zone Κα3, with a building coefficient of 140%, coverage of 50%, and permission for 4 floors (17m) of construction.
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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