15,970 SQM Land for sale in Psimolofou, Nicosia

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. Available for sale is the 1/4 share of a residential field which corresponds to an area of 3,992 sqm (approx.).The property is located in Psimolofou village, in Nicosia District. It is located at a distance of 650m northeast of the centre of the village  and abuts onto Machairas Avenue (connection road Nicosia - Machairas) along its eastern boundary.The field has an irregular shape with a level surface with a large frontage onto the main road. It is located close to all necessary services and amenities within excellent access towards the neighboring villages and the city of Nicosia. It is suitable for the division of plots or for large residential development.It falls within the Residential Zone H2 (75%), having building density coefficient 90% and within the Residential Zone H3 (25%) having building density coefficient 60%. 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 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: Nicosia Municipality: Psimolofou