TENDER SUBMISSION DEADLINE:
TUESDAY 14 MAY 2024, 10:00 a.m.

The property for sale is part of a building (cinema) in Frenaros community, in Famagusta District. It is situated within the center of the community, at a distance of approximately 200 meters east from Archangelos Michael church.

The property abuts onto Agias Marinas street and it is in a prime l location that is ideal for commercial and residential use as well. Within close distance there are many amenities and services such as shops, supermarkets, banks, schools, etc. In addition, it has good access to the neighboring municipalities s and communities.

It noted that the building was used to operated as local cinema, is approximate 52 years old but it is renovated in the year 1995. The building consists of an entrance hall, toilets, kitchen, storage and the screening hall. The 1st floor consists of the projection room and two storage rooms.

The building has a total covered area of 480sqm (screening hall of 350sqm and the rest building 130sqm).

It is noted that the property for sale  is the 1/3 undivided share of the above building that constructed on a parcel with total land area of approximate 1485sqm.

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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The Tenderer 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 (including planning particulars, boundaries a.o), and in addition to ascertain whether the sale of the Property is subject to VAT and the exact amount payable. In case of disagreement, it is the sole responsibility of the Tenderer to provide relevant evidence to satisfy Altamira Real Estate.

The Terms and Conditions found on the Tender 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.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Real Estate is not bound to accept the highest or any other offer submitted. 

The above price may be modified without any prior notice.

All information received from Altamira Real Estate (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity.

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District: Famagusta

Municipality: Frenaros