Large scale land for development in an excellent location in Apostolos Varnavas & Agios Makarios Quarter in Strovolos Municipality. The property corresponds to 4 under division plots which are situated at a distance of 950 meters (approx.) west of Stavrou avenue and 450 meters (approx.) south of Athalassas avenue.

It is strategically located at the entrance of Nicosia city, walking distance from ‘‘Kalispera’’ traffic lights, near the Olympic House and the E.A.C. headquarters.

The property enjoys excellent access to the motorway and the city of Nicosia. It is ideally situated close to an abundance of amenities and services such as supermarkets, shops, cafes, schools etc.

The plots are part of a larger project comprising of 15 plots with all necessary permits in place. Note that the plot division construction works have not started yet.

It is noted that the property has a distribution agreement. According to the distribution agreement, the property for sale corresponds to the four under-division plots with temporary numbers 4, 6, 10 and 11 as shown in red on the spatial plan. 

The total net area of the under-division plots will be approximately 37,588 sq.m. and specifically:

The under-division plot 4 will have an area of approximately 17,161 sq.m.
The under-division plot 6 will have an area of approximately 8,049 sq.m.
The under-division plot 10 will have an area of approximately 6,744 sq.m.
The under-division plot 11 will have an area of approximately 5,634 sq.m.

The property is considered as an exceptional investment opportunity.

It falls within the Special Zone ΕΠΕ, within the zone Kα5 and within the zone Αα4. It is important to note, that the specific under-division plots fall within the Zone ΕΠΕ, which allows for various developments (special, residential or commercial uses) with the corresponding coefficients. 

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: Strovolos

Quarter: Apostolos Varnavas