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

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 is 45/139 a share of an undivided share of inexhaustible development rights, with number 11 as shown on the plan, with area of approx. 973sq.m. (584sq.m. inexhaustible building factor) and the whole share of inexhaustible development rights, with number 12 as shown on the plan, with area of approx. 794sq.m. (476 sq.m. inexhaustible building factor).

The properties are situated in Tsada community of Paphos District, at a distance of approximately 330 meters northeast from Tsadas PRIMARY School and approximately 280 meters east of Panagias Chriseleousas church.

The inexhaustible development rights, are situated ate the southern part of the development and has an irregular shape, with an inclined land surface and abutting west and east of the private road of the development. 

The property falls within the Residential Zone (H3), having a building density of 60%.

Common Use Rights:

• See the shared property page
• Share in communal ownership 18.13%
• Voluntary transfer and/or mortgaging is prohibited. Certificate of unauthorized works (6/EΣ/1103/2019)

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: Paphos

Municipality: Tsada