IMPORTANT NOTICE
This is a direct sale of a mortgaged property, in accordance with article 44H (3) of the Immovable Property (Transfer and Mortgage) Law of 1965, as amended from time to time.

Please note that:
(a) only offers that exceed the reserve price shall be reviewed; and
(b) the mortgagee shall not pay any real estate agent’s fees. If a prospective purchaser appoints a real estate agent, it is their obligation to pay the real estate agent’s fee.

Three-storey building which has been constracted on two plots, in an excellent and central location in the quarter of Agios Theodoros of the Municipality of Paphos, at a distance of about 750 meters west from the Paphiako Stadium and about 810 meters southeast of the Town Hall.

The property is ideally located on George Griva Digeni Avenue, close to a multitude of services and amenities such as shops, restaurants, cafes, etc. It has excellent access to the center of the Municipality and the tourist area of Kato Paphos.

The building was erected around 1981 and consists of a shed area, a ground floor with a mezzanine and two vertical floors. The ground floor consists of three (3) shops while the 1st and 2nd floor consist of office spaces.

The area of the internal spaces of the ground floor amounts to 336 sq.m (approx.), the mezzanine is 198 sq.m. (approx), of the two vertical floors amounts to 856 sq.m. (approx), and covered verandas in 212 sq.m. (approx), and the shed amounts to 130 sq.m. (approx), and the covered verandas amounts to 68 sq.m. (approx).

The property for sale concerns the ½ undivided share in each plot separately.

Notes:

• There are buildnings that are not registred on the title deed. (6/ΕΣ/8900284/1979)

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

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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: Paphos

Municipality: Paphos Municipality

Quarter: Agios Theodoros