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 housing complex concerns to two residential blocks and two houses in a residential location of Pyla community, Larnaca province. The buildings are located about 225 meters south of the Larnaca - Ayia Napa highway and about 680 meters north of the coastline.

Block A consists of four two-story apartments while Block B consists of three two-story apartments. The development also consists of two detached houses.

The apartments were built in 1997. Block A consists of two three-bedroom apartments and two two-bedroom apartments. Block B consists of two three-bedroom apartments and one two-bedroom apartment. Block A has an area of closed spaces of 379 sq.m. with covered terraces 53 sq.m. and block B has an area of closed spaces of 297 sq.m. with covered verandas 42 sq.m.

House number 8 was built in 2010 and consists on the ground floor of a living room, dining room, sitting room, kitchen and guest toilet, while on the first floor it consists of three bedrooms, the main one with a separate shower - toilet and a shared bathroom with toilet. Outside it has a private swimming pool. The residence has an area of closed spaces of 160 sq.m., covered verandas of 13 sq.m. and uncovered verandas of 15 sq.m.

The residence number 10 was built in 2016 and consists on the ground floor of a living room, dining room, living room, kitchen and guest toilet, while on the first floor it consists of three bedrooms, the main one with a separate shower - toilet and a shared bathroom with toilet. Outside it has a private swimming pool. The residence has an area of closed spaces of 155 sq.m., covered verandas of 34 sq.m. and uncovered verandas of 16 sq.m.

The property for sale corresponds to the ½ undivided share of the above housing complex.

It should be noted that according to the title deed, the voluntary transfer or mortgaging of the property is prohibited and a certificate of unauthorized work has been issued.

Notes:

• ΕΣ536855/1980 Sewers (File No.  B349/97)
• Voluntary transfer and/or mortgaging is prohibited. Certificate of unauthorized works. The parking spaces have not been configured and the condition (509) of ΛΑΡ/0140/95 d. 19/10/95 concerning the construction of the interior (4/EΣ/2166/2017)
• There are buildings that are not mentioned in the registration (AX1042/2015) (4/EΣ/2167/2017)
• Road network and sidewalks (see certificate of unauthorized works no. 00142, dated 21/09/2019 file no. B613/96 of the Provincial Government) ΑΧ1042/2015 (4/ΕΣ/2168/2017)
• Voluntary transfer and/or mortgaging is prohibited. Certificate of unauthorized works. There is no compliance with condition (6) of the division permit (see non-authorized works certificate no. 00144 dated 11/10/16 File D350/13 of the District (4/ΕΣ/2170/2017)

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: Pyla