Residential Development for sale in Germasogeia, Limassol

The property for sale is a residential building with four (4) units located in a very attractive seaside location in Germasogeia Municipality, in Potamos Germasogeia Quarter. It abuts onto Argeion Street (No 6), approximately 250 meters north of Limassol seaside Avenue, and approximate 400 meters north of the sea.The property is in a prime touristic location while is also ideal for residential use. Within walking distance are many amenities and services such as shops, supermarkets, banks, schools, etc. In addition, it has excellent access to the motorway and the sea.The building is approximate 50 years old, it is semidetached and located on the eastern part. It is consists of four flats in total (one flat in the semibasement, one flat on the ground floor and two flats on the 1st floor).The flat on the semibasement has total area of 52sqm and consists of a dining, kitchen area, a bathroom and a bedroom. It is noted that the property is occupied.The ground floor flat consists of a sitting, dining,  kitchen area, two bedrooms and a main bathroom. Internal area of apartment is approximate 93sqm plus a covered veranda of 12sqm and approximate 22sqm uncovered veranda. It is noted that the property is occupied.The front flat on the 1st floor (north part) consists of a sitting, dining, kitchen area, one bedroom and a bathroom. Internal area of apartment is approximate 39sqm and a covered veranda of 11sqm. It is noted that the property is vacant.The back flat on the 1st floor (south part) consists of a sitting, dining, kitchen area, two bedroom and a bathroom. Internal area of apartment is approximate 53sqm and a covered veranda of 2sqm. It is noted that the property is occupied.It is noted that the property has acquired a distribution agreement. The building corresponds to the 1/2 share of the property and it is situated on the eastern part.The building is consider as an ideal investment opportunity due to its locality.  THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED 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. 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. District: Limassol Municipality: Germasogeia Quarter: Potamos Yermasoyias