Sanctuary 130 sqm close to the sea in Katigiorgis
The site is located within a complex of four houses some thirty metres above sea level, with the coast and the fishing village in the immediate vincinity. Built 12 years ago on a 900 sqm site it has a 130 sqm living area on two levels. 3 bedrooms, 2 bathrooms and a combined living/kitchen area makes this estate a unique proposition.
Separated ownership: The Condominium Act requires a clear separation between the condominium property, which is also referred to as special property of residential and other spaces (e.g. garages, etc.) and the common property (terraces, pools, driveways etc.).
The separation declaration is issued by the Construction Authorities, and together with the partition plan and the partition deed it forms the legal basis for converting a property into condominiums and common property.
The partion deed then submits the real property and the buildings to the statutory provisions that govern condominiums, divides a single property into individually owned units, includes restrictions on their use and provides for ownership of common areas!
Asking price: 250.000 €
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