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.

The property for sale concerns a three-storey building, which is located in the parish of Apostolos Varnavas and Agios Makarios of the Municipality of Strovolos in the district of Nicosia. It is located next to the crossroads of Stavrou Avenue and about 300 meters northwest of the Apostolos Varnavas High School.

 This is an area that has always been in high demand due to its proximity to all kinds of services and amenities.

The building was built in 2002 and is in good condition. It is characterized by 6 shops on the ground floor with a mezzanine, two vertical floors with 2 offices each and storage areas and parking spaces in the basement.

The basement consists of parking spaces and two toilets.

 Shop 1 consists of a single room, kitchen and toilet on the mezzanine. It has an indoor area of ​​31 sq.m. and a mezzanine of 15 sq.m.

Shop 2 consists of an open space, a kitchen and a toilet on the mezzanine. It has an indoor area of ​​65 sq.m. and a mezzanine of 30 sq.m.

Shop 3 consists of an open space, a kitchen and a toilet on the mezzanine. It has an indoor area of ​​85 sq.m. and a mezzanine of 45 sq.m.

 Shop 4 consists of an open space, a toilet for the disabled and a storage room on the ground floor and an office, storage room, kitchen, changing rooms and toilets on the mezzanine. It has an indoor area of ​​130 sq.m. and a mezzanine of 85 sq.m.

 Shop 5 consists of a single space and office spaces on the ground floor and toilets, a conference room and a warehouse on the mezzanine. It has an indoor area of ​​110 sq m and a mezzanine of 35 sq m.

 Shop 6 consists of a single space on the ground floor and an office with toilets on the mezzanine. It has an indoor area of ​​85 sq m and a mezzanine of 30 sq m.

 On the floors there are 4 offices (2 on each floor) which consist of 6 and 7 individual office spaces with kitchen and toilets. They have an indoor area of ​​670 sq m.

 Notes:

• A rain water shrimp passes through this property
• A building permit was issued for the month of May 2017

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