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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. Residential field in a quiet and attractive location in Agios Georgios Quarter in Latsia Municipality, at a distance of 610 meters (approx.) south of “Laiki Sporting Club” and 670 meters (approx.) northeast of “Karolina Park”.It is ideally situated close to all necessary of amenities and services such. In addition, it enjoys excellent access to the neighboring municipalities, the city of Nicosia and the motorway.The field has an almost rectangular shape and a level surface. It abuts onto two public roads along on part of its eastern and western boundaries with a total frontage of 12 meters. Within the property there an incomplete two-storey house which does not bear any economic value.It is suitable for the division of plots or for a unified residential development. It is considered as an ideal choice for a land developer or an individual. 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. Tenders submitted for an Amount below the Reserve Price shall be rejected. 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: Nicosia Municipality: Latsia Quarter: Agios Georgios
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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