Block of Flats – Latsia, Nicosia
Not subject to VAT
Building with five flats and a workshop in Latsia municipality of Nicosia District. It is located in a quiet residential neighborhood with good access to the motorway and close to services and other amenities.
The property abuts onto Achaion street (No 9) and it is situated approximate 300m west of B’ Primary School of Latsia and approximate 350m meters east of Giannou Kranidioti Avenue.
The building is constructed around the year 1990 and consists of a workshop on the basement and five flats on the floors above. It has also covered parking space/ storage on the basement and uncovered parking space on the ground floor.
The workshop operates as a car painting, situated on the basement of the building and has total area of 70sqm. It is noted that the workshop is rented for € 300/month.
On the ground & 1st floor there are four duplex flats (1 & 2 bedrooms). The internal area of the flats is varying from 76sqm to 106sqm plus an uncovered veranda.
On the 2nd floor there is a three bedroom apartment with total area of 169sqm plus 6sqm covered veranda and 14sqm uncovered veranda.
Each flat has exclusive right of use of one uncovered parking space on the ground floor.
It is noted that four (4) out of five (5) flats are rented with a total income of €1740/month while flat (No 2) is vacant.
Total internal area of the building is approximate 623sqm.
The building is considered as an appealing investment opportunity.
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 Asset Management Cyprus Ltd 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 Asset Management Cyprus Ltd (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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