Concept Design

Ground floor building in residential area, in Kapedes community of Nicosia District. It is located at a distance of about 555 meters southwest from Kapedes Primary School on the connecting road Kapedes - Monastery of Machairas.

It has an irregular shape and adjoins a public registered road along its northwestern border with a total face of about 70 meters.

The building was erected around the year 1994 and consists of an open plan area and a kitchen area. Outside there is a yard and fencing.

The area of the interior spaces amounts to 795 sq.m. (approx) and the land area is 4.435sq.m.

The building is vacant and is an ideal choice for investment.

The Altamira team has made a preliminary design (3D Render) for the prospective development/conversion of the existing building. According to the design, the proposed building can be a restaurant, a banqueting center or even a residence.

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: Kapedes