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.

​​​​​Available for sale is the 1/4 share of a residential field, which corresponds to an area of approximately 8,918 sqm,  in Archangelos/Anthoupolis Quarter in Lakatameia Municipality of Nicosia District. It is situated at a distance approximately 1.1 kilometers southwest of Anthoupolis round about, approximately 1.5 kilometers southwest Lakatameia Gymnasium and abouts onto   Palaichori - Lakatameia main road.

It is situated in an active residential area with residences and apartments while it is within walking distance of various services such as schools, shops, supermarkets and other facilities and amenities. It is of very close proximity of the motorway, the «Nicosia Mall»  and the Pediaios Park,  which provides a unique distinction from other localities.

It has a regular shape and an even surface. The property is considered landlocked, however it is situated at distance of approximate 185 meters from then nearest public registered road. In addition, the property abuts onto a roadside verge along its eastern boundary.

It noted that the field maybe affected by compulsory acquisition due to the planning of construction of a primary road network.

It falls within the Residential Zone Kα6 (49%), having building density coefficient 90%, within the Agricultural Zone Γα4 (50%) having building density coefficient 10% and within the Protected Zone Δα2 (1%) having building density coefficient 1%.

It should be noted that another 1/4 share is being sold with a property reference: PR40599.

Note:

• Open file for division 1/AX2840/2006

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: Lakatameia

Quarter: Archangelos / Anthoupolis