Mixed Use Project for sale in Geri, Nicosia

TENDER SUBMISSION DEADLINE: TUESDAY 22 AUGUST, 10:00 a.m. Two-story mix-use building located in a central location in Geri Municipality of Nicosia district. It has a corner location and abuts onto Athalassis Avenue and Anti Pernari street, approximately 200 meters north of Agios Minas church and 250 meters northeast of A’ Primary School of Geri.The property is in a central lively area while it 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 neighboring  municipality and communities.The building is approximate 45 years old and it has been renovated recently. It consists of a ground floor shop/private institute and a covered parking space while the upper floor level consists of a house.The private institute consists of a reception area, sitting area, kitchenette, toilets, storage and four learning rooms.  Shop internal area is approximate 163sqm.The upper floor house consists of an open plan sitting/dining area, kitchen, guest toilet, main bathroom and three bedroom [the master bedroom with shower en-suite]. Internal house area is approximate 176sqm plus approximate 43sqm covered verandas.It is noted that the shop is rented for €650/month and the houses is rented for €700/month. The building is rented with total yield of 3.8%. - - - - - - - - - - - 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: Geri