TENDER SUBMISSION DEADLINE:
TUESDAY 14 MAY 2024, 10:00 a.m.

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 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.

Available for sale is the 1/3 share of a residential field, which corresponds to an area of approximately 135sq.m, in a unique location, in Kaimakli Quarter, in Nicosia District.

It is closed to Archbishop Makarios Avenue, approximately 100 meters northeast of the Saint Varvara church and approximately 35 meters east of Archbishop Makarios Avenue. The area is characterized by its plethora of services and facilities.

It has a regular shape with an even surface and it is landlocked.  Access to the property is via a right of way.

The property lies within the Πα9 planning zone, with Building Density of 120%. It also lies within the Special Character Area.

The house listed on the Title Deed has been demolished.

Rights / Easements:

With right of way through the property (File No. 1/AEΔ/46624/1980). Subject property: Registration No.  13/7, sheet 21, plan 390501, section 13, plot 7, Nicosia. Municipality of Nicosia, Kaimakli.

With right of way from 3.00 to 3.66 meters wide along the western border as shown in the plan with reg. no. 11 (File No. 1/AEΔ/768/2002). Subject property: Registration No. 13/9, sheet 21, plan 390501, section 13, block 9, Nicosia, Municipality of Nicosia, Kaimakli.

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: Kaimakli