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.

Industrial building located in the Kaimakli Quarter, Municipality of Nicosia, Nicosia District. It is situated approximately 1,3 km northeast of the 1st Primary School of Pallouriotissa and approximately 230 meters southeast of the “BATA” roundabout.

The parcel has a trapezium shape, a flat surface and a northeastern orientation onto Agiou Ilarionos Street, with a frontage of approximately 40 meters. Furthermore, according to the cadastral plan, the property appears to be affected by a road-widening along its northeastern border.

The building was constructed circa 1955 and comprises a three-storey structure (ground floor and two upper floors).

The total building area is approximately 1,500 sq.m.

The building has been erected on a parcel with a total area of approximately 1,087 sq.m. The property falls within the Special Area Zone ΕΠ6 (96%) and within the Industrial Zone Βδ2 (4%), with a building density of 50%.

Notes:

There are buildings that are not mentioned in the registration.

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: Nicosia

Municipality: Nicosia Municipality

Quarter: Kaimakli