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.

A six-storey building, which is located in the parish of Kaimakli, of the Municipality of Nicosia in the province of Nicosia. It is located about 290 meters southeast of the 3rd Primary School of Kaimakli on Kantaras Street.

This is an area that has consistently shown a high demand for housing due to its proximity to all kinds of services and amenities.

The building began to be constructed in 2012, while work has been remained stable for a long time.

 It is consisted by a basement cellar, a shop on the ground floor with a mezzanine, eight 2-bedroom apartments, eight 1-bedroom apartments and four 3-bedroom apartments. According to the architectural plans, the basement will consist of warehouses, a loading and unloading area and parking spaces. The shop will consist of a single room, small kitchen and 4 sanitary areas.

The building has a shop area of ​​251 sq.m., a mezzanine area of ​​129 sq.m., two vertical floors of 1,410 sq.m. now 389 sq.m. covered terraces. The area of ​​the plot amounts to 1,004 sq.m.

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: Kaimakli