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.

Commercial field in Apostolos Barnabas & Agios Makarios quarter, Strovolos municipality of Nicosia district. It is situated at a distance approximately 425 meters southwest of Apostolos Barnabas Lyceum and approximately 80 meters west of the intersection of Spyros Kyprianou and Dimitris Vikelas Avenues.

The property it is ideally situated close to a plethora of amenities and services such as schools, banks, supermarkets, shops etc. In addition, it has excellent access to the motorway and the center of Nicosia. It is an excellent location which designates an increased demand for residential properties due to its attractiveness and accessibility.

The field has a almost rectangular shape and an even surface. It abuts onto a public registered road (Spiros Kiprianou Avenue) along its southern boundary with frontage of approximately 20 meters and northern orientation, with a frontage of approximately 45 meters on Nazoraiou Street. According to the title deed, the property has a right of way (Nazoraiou street) from the neighbours parcels, on its northern boundary.

The property falls within the Commercial Zone Eβ4 (97%), having a building factor of 140% and within the Residential Zone Kα6 (3%), having a building factor of 90%.

Rights / Easments:

Subject to a right of way. Beneficiary property: parcels 1899, 1900, 3366.

With a right of way. Subject property: parcels 1892, 1895, 1898, 1899, 3364, 1893, 1894.

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

District: Nicosia

Municipality: Strovolos

Quarter: Apostolos Varnavas