21,879 SQM Commercial Land for sale in Strovolos, Nicosia

TENDER SUBMISSION DEADLINE: TUESDAY 7 JANUARY 2025, 10:00 a.m. Available for sale is the 1/20 share of a field (commercial and residential), which corresponds to an area of approximately 1,093sq.m, in an excellent location in Agios Vasileios Quarter in Strovolos Municipality, at a distance of 1.5 kilometers (approx.) south of the Strovolos Town Hall and 1.2 kilometers (approx.) south of Strovolou avenue.The immediate area of the property offers an abundance of amenities and services such as shops, supermarkets, cafes, restaurants etc. In addition, the property has excellent accessibility to the Nicosia city centre and the motorway. In general, it is an area which designates an increased demand for properties due to its central location and accessibility.The property has an irregular shape and a level surface. It abuts onto Tseriou avenue along its western boundary with a frontage of 226meters (approx.), onto Nikis street along its southwestern boundary with a frontage of 10 meters (approx.) and onto Karditsa street along its southern boundary with a frontage of 10 meters (approx.). It is noted that the property crossed by an under-registration road. The property is subject to road widening scheme.It falls within the Residential Zone Κα6 (59%), having building density coefficient 90%, and within the commercial town planning zone Eβ5 (41%) having building density coefficient 120%.The property has acquired a division permit for the construction of 22 plots. There is a distribution agreement and the share for sale coresponds to the 1/2 share of plot 1 (commercial), 1/10 share of plot 7 (residential) and 1/2 share of plot 9 (residential). THE CLOSING TIME FOR TENDER SUBMISSION IS 10:00 AM EVERY TUESDAY, UNLESS OTHERWISE SPECIFIED The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219). - - - - - - - - - - - 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.  - - - - - - - - - - - - - District: Nicosia Municipality: Strovolos Quarter: Agios Vasilios