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.

Please note that:
(a) only offers that are equal or exceed the reserve price shall be reviewed; and
(b) the mortgagee shall not pay any real estate agent’s fees. If a prospective purchaser appoints a real estate agent, it is their obligation to pay the real estate agent’s fee.

The property for sale concerns two adjacent residential plots in the quarter of Geni Tzami, of the Municipality of Nicosia. They are located approximately 600 meters northwest of the 1st Primary School of Pallouriotissa and abut the ceasefire line on their western border.

As a single development, it has a rectangular shape with a flat surface and adjoins a registered road on its southern border with a total road face of about 21 meters.

The property falls within Residential Zone Ka5 with a building factor of 100%.

It concerns the whole share of the plot with registration number 29/930 and the ½ undivided share of the plot with registration number 29/931, within which there is an old building, with area of 500sq.m., which is used as a carpentry workshop and is considered to be demolished.

Notes:

• There are buildings that are not mentioned in the registration (1/ΕΣ/77389/1980)
• Disruptive content (1/EΣ/77390/1980)
• Exempt from taxation 1/EΣ/77392/1980

Open files for Defense projects:

• 1/ΔAE/2291/2003, 1/ΔAE/2164/2006, 1/ΔAE/1079/2009, 1/ΔAE/986/2012, 1/ΔAE/735/2015
• 1/ΔAE/2292/2003, 1/ΔAE/2165/2006, 1/ΔAE/1080/2009, 1/ΔAE/987/2012, 1/ΔAE/736/2015

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: Nicosia Municipality

Quarter: Yeni Tzami