The Asset of the Month concept relates to promotional reduced prices on certain assets and are valid only for the period 21 May to 30 June 2020. The prices are firm and final and only offers at these fixed levels will be accepted. Offerors will need to execute a relevant agreement within 5 working days with 15% non-refundable down payment, with conclusion of the asset sale within 15 working days from signing date.

Asking Price: €48.400 - Asset of the Month Price: €37.250

This asset is a one-bedroom apartment (No. 12) on the first floor of “Island Homes 1” in Frenaros, Famagusta.

The building is located c. 750m north of the Frenaros Community Council.

The apartment has an area of c. 40sqm and comprises of an open plan living/dining room and kitchen, one bedroom and a bathroom. The apartment enjoys the exclusive right of use of a covered parking space on the ground floor. The apartment has double glazed windows and split units installed.

The surrounding area of the property comprises of residential developments as well as some commercial developments.

The asset falls within planning zone H2, with building density coefficient of 90%, coverage coefficient 50%, in 2 floors and a maximum height of 8,3m.

Reg. No. : 0/6537 

All urban features must be checked with the proper authorities. The Bank has the right to review the selling prices without any prior notice.

Additional Details

District Famagusta
Area/Village Frenaros
Type Apartment
Year of Completion 2009
Vat Vat not Applicable
Title deed Yes
Uncovered area 5m2
Property floor 1
Parking Covered, 1 space(s)
Furnish Unfurnished
Aircondition Yes


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