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Residential Land - Geri, Nicosia

Nicosia - Ref. PR13148Map

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Residential Land - Geri, Nicosia

Ref. PR13148

Subject to VAT

700,000

Indicative Price

  • 7,126 m2 (whole share)

Under division plots in a quiet and purely residential location in Geri Municipality in Nicosia District, at a distance of 665 meters (approx.) south of Geri Town Hall and 370 meters (approx.) south of Geri Second Primary School. The property is situated close to all necessary amenities and services. Furthermore, it enjoys good access to the neighboring municipalities and the city of Nicosia.

The construction works of the plot division have not started yet. The parcel has an irregular shape and a level surface. It abuts onto a public road on part of its western, eastern and northern boundary.

It is noted that within under division plot 1 there is ground floor house with a basement which can be used either as a permanent residence or rented out yielding a good return. The house comprises of three bedrooms and the area of the internal spaces is 193 sqm (approx.) and the basement 255 sqm (approx.). The house is vacant.

There is a planning permit for the division of land into 8 plots with a total plot area of 4.372 sq.m. which is valid until 31/10/2027.

It is considered as a good choice for a land developer or an individual.


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 Asset Management Cyprus Ltd 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 Asset Management Cyprus Ltd (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: 7,126 m2 (whole share)
  • Year built: 2002
  • Title deed: The property has a separate title deed

Land Registry Information

Reference Reg. Nº Sheet/Plan Block Parcel Nº
PR13148 9/570 30/24E2 9 631
  • Planning zone: Κα5
  • Building Coefficient: 100%
  • Coverage Coefficient: 50%
  • Maximum Floors Allowed: 3
  • Maximum Building Height (m): 11,30
  • Planning zone: Κα7
  • Building Coefficient: 80%
  • Coverage Coefficient: 45%
  • Maximum Floors Allowed: 2
  • Maximum Building Height (m): 10/8,30 (Εντός ΠΕΧ)

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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(35.09967803955078, 33.41666030883789)

Owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

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