For Sale, Commercial field in Aglantzia, Nicosia

Property Description

The asset is a commercial field in Aglantzia with multiple co-owners. It is located just 150m from Aglantzia City Hall and 1.1km from the University of Cyprus. It is within walking distance from the junction of Larnakos and Aglantzias Avenues, which are considered the main commercial streets of the area with huge commercial activity. The field has an area of 1,143sqm and benefits from a road frontage on both its northern and southern borders. Its excellent location provides easy access to the city centre and the highway. The field is surrounded by commercial developments, offices, blocks of apartments and all amenities.

The Property is jointly owned by Gordian Holdings Limited (“Gordian”) and third party co-owner (“Joint Owner”). Gordian has been duly authorized by the Joint Owner of the Property to advertise the Property for sale. For the avoidance of doubt, Gordian is not a real estate agent and does not provide any real estate agent’s services nor does it operate as a legal or financial or other professional advisor. Further, no warranty is provided by Gordian with regards to the acceptance by the Joint Owner, of an offer for the purchase of the Property, nor any obligation is imposed on Gordian and/or the Joint Owner to respond to and/or consider and/or accept any offer for the purchase of the Property. The sale of the Property is subject to contract between Gordian and the Joint Owner of the Property as seller and the successful tenderer as buyer.

Gordian Holdings Limited’s share was acquired by Gordian Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any applicable property transfer fees.