Apartment FOR SALE
in Paphos, Pegia
REF. NO. 48310

One-bedroom apartment located in Pegeia, in a convenient area just 800 meters east of the municipality center and 1.1 km northeast of the Pegeia Municipal Stadium. The apartment was built in 2006 and consists of an open-plan kitchen and living area, one bedroom, a bathroom with WC, and a covered veranda. The property offers 45 sq.m. of internal area and 15 sq.m. of covered veranda space. The apartment is vacant and represents an excellent opportunity for private residence or rental investment with good return potential.

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.