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 is a ground floor shop in Chloraka Community, in Paphos District. It is located on Griva Digeni Avenue, 450 meters northwest of the village church, and is 1 km from the beaches of the area.

It is very close to all amenities such as supermarkets, schools, bus stops and only a few minutes from the center of Paphos.

The shop is located on the ground floor of a two-storey building which was constructed in 2003 and is maintained in a good condition.

It consists of an open plan reception and display area. Part of the property has been converted into one (1) one-bedroom apartment. It has a large shop-front of 10 meters and an area of 148sq.m.

It is an ideal investment option for rent as it can obtain a satisfactory rate of return for an investor.

The building density of the plots allows for the construction of additional floors.

The area is an attractive to tourist destinations and is less than 1 km from the beaches of the area.

Notes:

• Communal ownership share is 32,26%

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: Chlorakas