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.

Ground floor house in Sotira community, in Famagusta District. The property is located approximately 110 metres north of the local coastline and approximately 410 metres south of the Ayia Napa–Larnaca motorway.

The plot is a corner parcel and borders Aristotelis Valaoritis Street along its northern border with a frontage of approximately 70 metres, and along its western boundary with a frontage of about 25 metres.

The residence was constructed around 2006. It is the residence with door number 11 (no. 1 of the special plan), situated on the western part of the complex named “PENNY LANE.” Externally, the residence consists of verandas, a yard, a swimming pool, an uncovered parking area, landscaping, and fencing. According to the Title Deed, the residence has exclusive rights of use the uncovered parking space no. 3, swimming pool no. 5, and yard no. 7 on the ground floor.

The house has an internal area of 182 sq.m. (approximately), and uncovered verandas to 65 sq.m. (approximately).

The house falls within the touristic zone Τ2β, with hotel‑use development coefficients.

Notes:

Voluntary transfer and/or mortgaging is prohibited. A Certificate of Unauthorized Works has been issued (FOR THE DIVISION PERMIT). Irregularities: Payment of €5,450 + VAT for road construction is pending.

Property with irregularities; a Certificate of Approval has been issued with remarks (FOR THE DIVISION PERMIT). Irregularities: At point (a), a metal storage structure of 12 sq.m. has been constructed.

A provisional title has been issued in accordance with Article 10 of Law 44/84.

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: Famagusta

Municipality: Sotira

Unit No: 11