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.

Available for sale are 2 abutting fields with a total area of 15,172 sqm, in Agios Vasilios parish of Strovolos Municipality of Nicosia district. It is situated at a distance approximately 1.5 km west of G.S.P stadium and approximately 1 km southeast from American Medical center.

As a single unit, It has an irregular shape with an even surface and it is abuts onto Argiroupoleos avenue, along its southern boundary with frontage of approximately 108 meters.

The plots are affected by expropriation due to the Construction/Improvement of Ippokratous and Argiroupoleos Avenues.

The properties fall within the Residential Zone Κα7 (91%), having a building density of 80%, within the Protection Zone Δα2 (4%), having a building density of 1%  and within No Zone (5%).  

There are open files in the land registry for:

• Road construction 1/ΔAE/746/2010
• Road construction 1/ΔAE/337/2014, 1/ΔΑΕ/338/2014
• Water project 1/ΔAE/900049/19
• Water project 1/ΔAE/9875/2000, 1/ΔΑΕ/9878/2000

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: Agios Vasilios