Commercial plot in a unique location, in Tripiotis Quarter, in Nicosia District. It is adjacent to Kypranoros Street, approximately 180 meters northeast of the intersection of Archbishop Makarios III, Digeni Akrita and Spyros Kyprianou Avenues (traffic lights of Lycabettus Police Station). The area is characterized by its plethora of services and facilities.It has a rectangular shape, an even surface and a road frontage of approximately 25 meters. Given the lack of vacant plots in the area, it is an attractive investment opportunity.With the right building design, the plot could be utilized and developed with a multi-storey building of mixed, commercial or residential use.It is noted that the plot falls within the commercial zone EZ-κ which allows the construction of a six-storey building. In addition, it can also benefit from numerous planning incentives such as a substantial increase in the allowable building density, as it is within the area covered by the Nicosia City Centre Local Plan. 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. 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: Nicosia Municipality Quarter: Tripiotis
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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