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 is a three-storey mixed-use building and a detached ground-floor house in Deryneia Municipality, in Famagusta District. It is located on Eleftherias Avenue (Deryneia - Paralimni connecting road), 500 meters southeast of the center of the Municipality and 600 meters west of Paralimni Hospital.

The property is ideally situated close to a plethora of amenities and services such as supermarkets, schools, shops, restaurants etc. In addition, it enjoys excellent access to the neighboring communities and municipalities.

The house was built around 1985 and consists of a kitchen, living-dining room, guest toilet, four bedrooms and a main bathroom with WC. It has an internal area of 150 sq.m. (approx), plus 12 sq.m. covered verandas, plus 12 sq.m. uncovered verandas.

The building has a corner position, was built around 1993 and comprises of a basement, ground floor, mezzanine level and two upper floors. On the ground floor there is a large shop with a mezzanine level, while the floors consist of a total of 10 apartments (5 apartments on each floor), four one-bedrooms and six studios. It is noted that the 5 apartments on the 2nd floor remain incomplete (they are in the stage of plastering). The basement consists of parking spaces and storage area.

The area of the basement is 300 sq.m. (approx.), the ground floor shop is 250 sq.m., the mezzanine is 126 sq.m. and the 1st and 2nd floor is 260 sq.m. each plus 60 sq.m. covered verandas each.

It is noted that the building and the house corresponds to the 1/2 share of the property (northwest part) with a land area of 968 sqm (approx.).

Notes:

• There are buildings that are not mentioned in the registration (3/EΣ/66/2002)
• Temporary title issued in accordance with article 10 of Law 44/84.
• It concerns the north-western part of the property which corresponds to a single-storey house and a mixed-use building.

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: Famagusta

Municipality: Deryneia