Building Ref. C13140

The property for sale is an apartment complex located in a particularly attractive area of the quarter of Apostolos Varnavas and Agios Makarios, in the Municipality of Strovolos, in the District of Nicosia. It is located approximately 100 meters northeast of Athalassa Avenue and about 80 meters east of Acropolis Park.

The building is situated on a corner plot that borders Dasoupoleos Street along its northern boundary and another public road along its western boundary.

The building consists of a total of four floors. The ground floor was constructed around 1983, and three additional stories were added around 2008. According to the architectural plans, the property consists of a total of 5 apartments. Specifically, the ground floor consists of one house (two bedrooms). The first floor consists of two apartments (one with three bedrooms and one with two bedrooms). The second floor consists of one apartment (two bedrooms), and the third floor consists of one apartment (three bedrooms).It should be noted that the apartment on the third floor has been illegally subdivided into two units.

The total internal area is approximately 703 sq. m., the covered verandas are approximately 127 sq. m., and the uncovered verandas are approximately 65 sq. m. It should be noted that three of the apartments are vacant and two are occupied.

•  Ground-floor apartment, Door No. 01 (Vacant): internal area 190 sq. m. and covered veranda 11 sq. m.

•  Apartment on the 1st floor, Door no. 101 (Occupied): internal area 80 sq. m. and covered veranda 13 sq. m.

•  Apartment on the 1st floor, Door No. 102 (Vacant): internal area 152 sq. m. and covered veranda 49 sq. m.

•  Apartment on the 2nd floor, Door No. 201 (Vacant): 82 sq. m. of internal area and a 14 sq. m. covered veranda

•   Apartment on the 3rd floor, Door No. 301: 199 sq. m. of internal area, a 40 sq. m. covered veranda, and a 65 sq. m. uncovered veranda. This apartment was illegally subdivided into 301-A (occupied) and 401-B (vacant).

In addition, there are 5 parking spaces on the ground floor.

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

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