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 are equal or 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.

Ground floor shop in an excellent location in Agios Andreas Quarter in Nicosia Municipality. It abuts on Prince Karolos street, at a distance of approximately of 420 meters southeast of Agios Dometios Primary School.

The property is situated close to a plethora of amenities and services such as shops, restaurants, schools etc. In addition, it enjoys excellent accessibility to Nicosia city center.

The shop with no. 1, belongs to a six- floor building, which was contructed in 1968 and consists of an open plan area and toilet on the ground floor.

The shop area is of 56sqm. and the covered verandas of 4sq.m.

It should be noted that on site the shop with no. 1 appears to have been unified with shop no. 2

The property has a separate title deed.

Notes:

• Possession pursuant to Article 6
• The building was registered as jointly owned in accordance with the provisions of Part IIA of the Law Chapter 224 with fac. 1/A1000/2005

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: Nicosia Municipality

Quarter: Agios Andreas

Unit No: 1