Incomplete Residential Development “King Alexander Gardens”, PEGEIA

Incomplete residential development (“King Alexander Gardens”) in the municipality of Peyia, in the district of Paphos. It is located c.700 southwest of the center of Peyia and c.2.3km east of the coastline. According to the Planning Permit the development was licensed for the construction of 11 maisonettes with shared pool and 19 detached houses (villas) with private pools. 8 maisonettes have been completed in addition to seven of the 19 houses. (TBC) A total of 17 units are sold, all of which are completed with the exception of one house which has been sold April of 2017. The remaining units belong to AGI-CYPRE PROPERTY 30 LTD which has acquired the title deed of the land, accepting the sold units’ SPAs as encumbrances. A typical unit consists of an open plan living area with kitchen, an entrance hall and guest bathroom on the ground floor. The first floor consists of three or two bedrooms (master en-suite) and a bathroom. The immediate area consists of residential developments and empty plots of land. Some cafes, bars and restaurants can be found on Michali Kyprianou Street. The wider area includes the amenities offered by the center of Peyia, such as supermarkets, banks, pharmacies and gas stations.

All urban features must be checked with the proper authorities. The Offerer is exclusively responsible for conducting an inspection of the Property and to take all actions necessary to verify and/ or be satisfied on the accuracy of the details of the Property. In case of disagreement, it is the sole responsibility of the Offerer to provide relevant evidence to satisfy Alpha Real Estate Services. The Terms of Use found on the Offer Form must be carefully considered prior to submitting an Offer. Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only. The above price may be modified without any prior notice All information received from Alpha Real Estate Services (through the website and/ or its employees and/ or otherwise) is indicative and no guarantee is given for its completeness and/ or validity.

THE CLOSING TIME FOR OFFER SUBMISSION IS 11:00 AM EVERY THIRD WEDNESDAY OF EVERY MONTH, UNLESS OTHERWISE SPECIFIED

* The sales transaction may be subject to VAT