The property for sale is a two-storey building with basement level in Gerasa Community in Limassol District. It is situated approximately 2,5 km northeast from the village center and approximate 40 meters north from the connection road Gerasa - Louvaras.

The immediate area of the property consists of scattered residential developments and several empty agricultural fields. The field has an irregular shape and abuts onto registered dirt road with total of frontage of 80 meters.

The building was constructed in around 1990 and is in a poor condition and maintenance. It has a large interior covered area of 1.125 sqm. Among others, it has two fireplaces on each floor, sanitary facilities on each floor, two staircases on each floor and five bedrooms all with ensuite shower and toilet on the 1st floor.

The property had acquired all the relevant permits to operate as a restaurant and is an ideal investment that can be used as business or for private use as well.

Tenders submitted for an Amount below the Reserve Price shall be rejected.

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: Limassol

Municipality: Gerasa