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

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.

Available for sale are 6 abutting fields (1/5 share each) with a total area of approximately 5,145 sqm, in Acheritou community of Famagusta district. It is situated at a distance approximately 1.5 km northeast of saints Constantinos and Elenis church and approximately 240 meters north from Acheritou Avenue.

As a single unit, It has an irregular shape with an even surface and it is landlocked. It is about 40 meters east of an unregistered road.

It is noted that the property falls within the Sovereign British Base Area.  According to the zone plan released in 2022 in the Sovereign British Base Area, the property falls within the Protection Zone Ζ1, having building density coefficient 6%.

Plots with PRs 40094 and 40093 also fall within residential zone H3.

Notes:

• Temporary title issued in accordance with article 10 of Law 44/84
• For PR40090 there is an open file for an application that does not lead to registration with number 3/A/335/2018

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: Acheritou