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

Two-storey building which is located in a popular location, in the parish of Chryseleousa in the Municipality of Strovolos, in the province of Nicosia. It is located on Agios Ambrosiou Street, about 355 meters east from Makarios Stadium and about 365 meters west from the Technical School of Archbishop Makarios.

The surrounding area is mostly residential, while all commercial amenities and facilities are available within a short distance. It has also excellent access to the city center.

The building was constructed around 1988 and consists of a basement, shop with a mezzanine on the ground floor and an upstairs residence.  Is good to be notice that the property abuts a green area on its eastern boundary.

The basement has an area of 278 sq.m. and consists of a single space which is used as a parking space, while its southern part has been converted into a studio.

The shop on the ground floor consists of two offices, two auxiliary offices, kitchen, sanitary areas with shower and workshop. The mezzanine consists of an auxiliary space which has been converted into two studios on site. The area of the ground floor is about 260 sq.m. plus 25 sq.m. covered verandas and 128 sq.m. mezzanine.

The house on the first floor consists of a living room, dining room, office, laundry room, guest toilet, kitchen, fireplace, bathroom with toilet and three bedrooms, the main one with separate shower and toilet. The area of the house is approximately183 sq.m. and 51 sq.m. covered verandas.

It is an ideal choice for investment.

It is noted that the property is in process of acquiring a Court Order for vacant possession (freehold). Additionally, it is expected to be vacated (freehold) at 31/07/2025 and in the meantime the occupant will be paying the amount of €1500/month.

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: Chryseleousa