Cyprus Properties for Sale - Altamira Real Estate (Cyprus)

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Field - Geri, Nicosia

Nicosia - Ref. PR10948Map

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Field - Geri, Nicosia

Ref. PR10948

Subject to VAT

395,000

Reserve Price

  • 15,933 m2 (whole share)

Residential field in a quiet location in Geri Municipality in Nicosia district, at a distance of 1.1 km north of the centre of the municipality and 700 meters east of the intersection of Archbishop Makarios III and Athalassis Avenues.

It has an irregular shape and a level topography. It abuts onto a public road along its eastern boundary with a frontage of 48 meters (approx.)

It is ideal for plot division or for a unified residential development, as is very close to numerous amenities such as schools, supermarkets and related services.  

For the property there is a planning permit for the construction of nineteen building plots, which has expired.

It can easily be divided into at least nineteen (19) plots as shown in the attached proposed plan.

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: Geri

Characteristics

  • Use: Residential
  • Land area: 15,933 m2 (whole share)
  • Title deed: The property has a separate title deed

Land Registry Information

Reference Reg. Nº Sheet/Plan Block Parcel Nº
PR10948 3/328 31/09W2 3 397
  • Planning zone: Κα7
  • Building Coefficient: 80%
  • Coverage Coefficient: 45%
  • Maximum Floors Allowed: 2
  • Maximum Building Height (m): 10

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on https://www.altamirarealestate.com.cy/ (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.

Location

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(35.1151123046875, 33.42857360839844)

Owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

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