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The property for sale is an industrial field located in Tseri industrial Area in the District of Nicosia. It is situated in an advantageous locality approximately 1km north from Tefkrou Anthia street (commonly known as ‘Chalepianes’), 1km east of the Tseri Beltway and approximately 1,5km west of the Nicosia-Limassol motorway (A1).The majority of the industrial area falls within the industrial planning zone Βγ2 (Industrial Zone – Category ‘Α’) which primarily comprises of heavy industry. The eastern part of the industrial area falls within planning zones Βα4 (Industrial Zone – Category ‘B’) and Βδ5 (Light industry/workshops).It is a large, vacant, irregularly shaped industrial field. The field has a smooth surface.There is a public road passing through the property. (Expropriation notice for the creation of an internal road network).In addition to the above, it is important to note that the property will be in very close proximity to Nicosia’s new ring road, with Phase 1 of the project linking this industrial area directly to the Nicosia – Limassol motorway and the nearby industrial area of Dali. The Department of Public Works has announced that is has secured the funding for this as part of the Trans-European Transport Network (TEN-T) and the Central Network of Cyprus and Orient-East Med Corridor, whilst contracts for the works were signed in February 2020. 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: Nicosia Municipality: Tseri
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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