Building for sale in Palaiometocho, Nicosia

Available for sale is a building in Paleometocho village, in Nicosia District. It is situated in a unique location, at a distance 250 meters (approx.) south from Kokkinotrimithia – Nicosia motorway and 1 kilometer southeast from the newly build mall named ‘‘NEO PLAZA’’.The property is situated in an agricultural area of Paleomoetocho village, surrounded by agricultural land and scatter residential developments.The building is situated in a field with irregular shape and abuts onto a registered dirt road on its northern boundary with frontage of about 12 meters (approx.).The building was constructed around 2007 and has acquired a Permit to be transformed as an event/reception hall. It consists of a reception hall, WCs, storage spaces, kitchen and a bedroom (en-suite) on the ground floor and large basement space. The total area of the ground floor is 400sq.m. (approx.) and 290sq.m. the basement.It is important to note that the property is vacant. 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 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: Paleometocho