Studio in Ayia Napa - Famagusta

Property Description

Studio flat in an attractive location in the Municipality of Ayia Napa in the Famagusta District, located approximately 180 meters north of Nissi Avenue and approximately 400 meters west of Ayia Napa Square.

The development is ideally located close to all necessary services and amenities. In addition, it enjoys excellent access to the beachfront and tourist area.

The flat is located within a development which was built in 1982.  The flat is located on the second floor of the development and consists of a kitchen/living room/dining room area as a single space, a bathroom with toilet, and a covered veranda.

The internal area is approximately 24 sq.m. and the covered veranda is approximately 9 sq.m.

The property is vacant and is suitable for owner-occupancy or short-term rental with good returns.

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.