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.

The property for sale concerns the 2/3 undivided shares in a three-storey building, which is located in the parish of Apostolos Varnavas and Agios Makarios of the Municipality of Strovolos in Nicosia District. It is located about 390 meters south of Stavrou Avenue and about 680 meters west of Lyceum Apostolou Varnavas.

This is an area that has consistently shown a high demand for housing due to its proximity to all kinds of services and amenities.

The building was built in 1990 and is in good condition. It is characterized by a ground floor (shop and residence) two vertical floors with houses.

The building has a shop area of 46 sq.m., ground floor area of the house 200 sq.m. and two vertical floors of total 500 sq.m. The area of the plot amounts to 502 sq.m.

Notes:

There are buildings that are not mentioned in the registration (1/ΕΣ/6640/1998)

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: Strovolos

Quarter: Apostolos Varnavas