Available for sale is the 1/4 undivided share of a 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 of 1.1 kilometers (approx.) southwest of Anthoupolis roundabout, 1.5 kilometers (approx.) southwest Lakatameia Gymnasium and abuts 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 situated in a 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 185 meters (approx.) from then nearest public registered road. In addition, the property abuts onto a roadside verge along its eastern boundary.

It noted that the field 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%.

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

The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

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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