The property for sale is part of a five-storey residential building located in a very attractive location in Strovolos Municipality, of Nicosia district. It abuts onto Andrea Patsalidi Street (No 38), approximately 650 meters west of the intersection of Athalassas and Lemesos Avenue.

The property is in a prime retail location while is also ideal for residential use. Within walking distance are many amenities and services such as shops, supermarkets, banks, schools, etc. In addition, it has excellent access to the  town center,  the main town routes and the motorway.

The building was constructed in two phases while the ground & 1st floor is approximate 40 years and the remaining building is approximate 30 years old. The building consist of a ground floor and 4 upper floors with total 5 whole floors flats (one flat in each floor).

It is noted that the flats are identically and each flat has an internal area of approximate 150sqm plus covered veranda of approximate 30sqm. Internally, each flat consists of an open plan sitting/dining/living area, a separate kitchen with a dining area, a guest toilet, three bedrooms, a main bathroom and a covered/ uncovered veranda.

It is noted that the property has not acquired a distribution agreement. The property for sale corresponds  the 2/3 undivided share of the above residential-use building.

It is noted that all units are occupied.

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).

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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: Apostolos Varnavas