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.

The property for sale consists of 1143/1673 shares, which concern two unfinished two-storey houses in a location in the community of Xylofagos, in the province of Famagusta. It is located on Byzantium Street, at a distance of about 70 meters north of the Larnaca - Agia Napa highway and about 1 kilometer southeast of the church of Agios Georgios.

The property is situated close to amenities and services such as schools, supermarkets and other amenities. In addition, the property has excellent access to the motorway and the center of community.

 The share for sale corresponds to the unfinished houses with number 2 and 5, which have started to be built in 2008. House number 2 is in the frame stage, while house number 5 has completed the external masonry of the ground floor and is used as storage room.

According to the architectural plans, the house with number 2 will consist on the ground floor of a living room-dining room and sitting room in an open plan space, a kitchen, a storage room and a guest toilet. The first floor will consist of a main toilet with a bathroom and three bedrooms (the main bedroom is en suite). In addition, it has an attic, covered verandas and a covered parking space.

The area of the closed areas of residence 2 will amount to 145 sq.m (approx), while the area of the closed areas of residence 5 will amount to 135 sq.m. (approx.) and the covered verandas in 8 sq.m (approx.).

The fact that the residences are unfinished gives the opportunity to the buyer to choose finishes of his choice.

Notes:

There are buildings that are not mentioned in the registration (4/ΕΣ/514/2015)

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: Larnaca

Municipality: Xylofagou