Two-storey mix-use building in Paralimni Municipality, in Famagusta District. It is abuts onto Protaras – Kavo Greko Avenue (No.317), approximate 1100 meters northwest  of Protaras centre and approximate 750 meters west of the beach.

 It is ideally situated on one of the busiest streets of the area during summer period. In addition, the property is located close to a numerous services and amenities and has excellent access to the beautiful beaches of the surrounding area. In the nearby vicinity there are many touristic developments.

The building (No.1)  is two-storey and situated on the northwest part of the plot. The property comprises of a ground floor commercial unit  and a one-bedroom apartment on the 1st floor. Access to the 1st floor is through external staircaes.

The building has the right of uses of a yard (No.12) 88sqm on the ground floor and the terrace (No.1) 49sqm. In addition, it has the right of use (4) four uncovered parking spaces on the ground floor.

The total internal space area is 146sqm (approx.) and the uncovered verandas are 160sqm (approx.).

The key advantage of this property is that that the whole building is being sold and it is considered as an ideal choice for investment.

It is noted that the building is occupied.

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

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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: Paralimni