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.

Two-storey mixed-use building, in an excellent and central location in the quarter of Makarios III of the Municipality of Kato Polemidia, of Limassol District, at a distance of approximately 155 meters south of Saint Neophytos high school  and approximately 260 meters west of Spiros Kyprianou avenue.

The property is ideally located on Katsantoneon and Vasili Tsitsani streets, close to a multitude of services and amenities such as shops, restaurants, cafes, etc. It has excellent access to the center of the Municipality.

The building was erected around 1990 and consists of a shop and a flat on the ground floor and an upper house and a semi-basement.

The shop consists of an open space and toilet and has an area of closed spaces of approximately 60 sq.m.

The apartment on the ground floor consists of a living room, a kitchen with a dining area, a bedroom and a bathroom with a toilet. It has an area of closed spaces of approximately 60 sq.m. and uncovered verandas of approximately 26 sq.m.

The house on the first floor consists of a living room, kitchen with dining room, guest toilet, bathroom with toilet, verandas and three bedrooms. On the roof there is a laundry room and a toilet with a shower. It has an area of closed spaces of approximately 118 sq.m. and uncovered verandas of approximately 13 sq.m.

The semi-basement consists of a basement with parking spaces, while part of it has been converted into a two-bedroom apartment. It has an area of closed spaces of approximately 119 sq.m.

The property for sale concerns the ½ eastern share of the plot.

Note:

• There are buildings that are not mentioned in the registration (5/EΣ/307/2004)

Rights / Easements:

• Subject to right of usufruct for life. (File No. 5/AEΔ/589/2007)

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: Limassol

Municipality: Kato Polemidia

Quarter: Makarios ΙΙΙ