Mixed Use Project for sale in Larnaca Municipality, Larnaca

TENDER SUBMISSION DEADLINE: TUESDAY 3 JANUARY, 10:00 a.m. Three-storey mixed-use building in an excellent residential area of Larnaca Municipality, in Sotiros Quarter. It is situated in close distance from Katharis Primary school, 100 meters (approx.) north of Spyrou Kyprianou avenue and just 165 meters (approx.) from ‘Novel Tower’.It is within reach of all necessary services with excellent access to the city center, to Dekelia’s coastal road and the port of Larnaca.This building has been well-maintained since its construction in 1995. the ground floor of three large-size shops with mezzanine level, that were formed from the unification of six smaller shops. The first floor consists of two flats (two-bedroom) and one two-storey flat (three-bedrooms) and one studio (two bedroom) on the mezzanine level. The second floor consists of one three-bedroom flat.The total internal area of the shops is 222sq.m (approx.), the mezzanine’s is 120sq.m (approx.) and all the apartment’s internal area is approximately 406sq.m (approx.).Some of the units are rented with satisfactory return. The building is situated in an area of high demand due to its central location and accessibility. As such the property can provide a good return on the initial investment when all units are rented. THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED 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 Asset Management Cyprus Ltd 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 Asset Management Cyprus Ltd (through the website and / or its operators and / or otherwise) is indicative and no guarantee is given for its completeness and / or validity. District: Larnaca Municipality: Larnaca Municipality Quarter: Sotiros