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.

Available for sale is the empty 1/6  share of a field, which corresponds to an area of approximately 2,211 sqm, in Latsia Municipality of Nicosia District. It is situated approximately 420 meters east of the Nicosia General Hospital and about 340 meters northwest of Latsia Lyceum.

It has an irregular shape with a flat ground surface. The property adjoins a public registered road along its eastern border with a frontage of about 13 meters. It abuts government land along its northern, northeastern, southern and western borders. It also abuts green land along its southeastern border.

The property falls within the Residential Zone (Κα7), for 71% and falls within the Protection Zone (Δα1), for the remaining 29% .

It is noted that the property is affected by road widening scheme of Nikandros Papaminas Avenue along its southeastern border, with the affected area amounting to 265 sq.m.

Within the property there are units with no economic value.

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: Latsia

Quarter: Agios Georgios