TENDER SUBMISSION DEADLINE:
TUESDAY 8 OCTOBER 2024, 10:00 a.m.

Three adjacent fields  in an attractive and purely residential area in Agios Georgios Quarter in Latsia Municipality. They are located about 100 meters east of the Cyprus Pedagogical Institute and 500 meters southwest of Latsia First Elementary School.

The property has excellent access to all amenities and services such as schools, shops, supermarkets, cafes etc. In addition, it has easy access to the Nicosia-Limassol motorway.

As a single property, it has an irregular shape, and a smooth surface. It abuts two public roads along its eastern and part of its northern boundaries with a total frontage of 170 meters (approx.).

The property lies within the Special Use Zone EX2 with building and coverage densities of 80% and 45% respectively, number of floors 2 and maximum height 10 meters. 

The above planning zone offers a wide range of developments such as construction of offices, sports facilities, leisure/entertainment facilities, showrooms and other specialized developments.

Residential development and plot separation are also allowed, where the building factor is increased to 90%.

It can easily be divided into at least twelve(12) plots as shown in the attached proposed plan.

The fields are being sold as a unified property with a total area of 11.960 sq.m.

THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY,
UNLESS OTHERWISE SPECIFIED

The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).

- - - - - - - - - - -

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.

 - - - - - - - - - - - - -

District: Nicosia

Municipality: Latsia

Quarter: Agios Georgios