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Great real estate investment opportunities

Great real estate investment opportunities


High-value properties in Cyprus will be available for purchase as part of the largest BidX1 auction in Cyprus to date, which will take place on June 23, 2022 through the BidX1 online platform. The leading online real estate company will offer potential buyers a range of investment opportunities for any budget, many of which have the potential for further growth and are expected to provide a high return on investment.

The latest listing, available on the BidX1 platform, includes lucrative commercial lots, office space, high rises and spacious developments ideal for business expansion in a variety of prime locations across the island. Below is a key selection of notable investment opportunities included in the June 23 auction:

Two adjacent fields in Ayia Napa with a reserve price of 1,250,000 euros.

Residential area and 50% living area in a famous seaside resort, with a total area of about 12,562 sq.m. The land in this popular tourist destination is relatively smooth and level, and the share of real estate for sale corresponds to the southern half of the site, which is free land. The site is located on Tevkrou Antia Avenue, about 350 meters south of the Larnaca-Ammochostos Highway (A3), about 630 meters north of Nissi Avenue and about 800 meters north of Vathia Gonia Beach. The immediate area around the property is mostly residential, with houses and villas as well as residential land.

Prepayment: €15,000.

Commercial building in Kato Polemidia, Limassol, with a reserved price of 535,000 euros and a yield potential of ±6.0%.

A three-storey detached commercial building, consisting of a ground floor, ground floor and mezzanine, which can be divided into several rooms. The building covers an area of about 262 sq.m. in the basement, 232 sq.m. on the ground floor and 78 sq.m. on the mezzanine. It has a parking space and storage in the basement, one exhibition space, office space, kitchenette and toilet on the ground floor and office space, kitchenette and toilet on the mezzanine. The property is located in the parish of Archangel Michael Kato of Polemidia on the corner of Vassilissis Sofias and Kivelis streets, about 140 meters from the Paphos junction and about 20 meters from Paphos street. The wider area around the property includes commercial and residential developments such as shops, offices, apartment buildings.

Prepayment: €10,000.

Residential complex, which is ideal for rent, in Panagia , Nicosia at a reserved price of €495,000.

Three-storey residential complex consisting of four apartments and a swimming pool. The property has one two bedroom apartment on the ground floor, one three bedroom apartment and guest house on the first floor and two three bedroom apartments on the second floor. It also has a pool and patio. The property covers an area of about 285 sq.m. interior space on the ground floor, 285 sq.m. interior space on the ground floor, 290 sq.m. interior spaces on the second floor and covered terraces of 100 sq.m. It is located in the center of the Panagia area of Nicosia, on Archbishop Makariou III Street, with access to the wider city center and has all the basic amenities and services. The immediate area around the property is characterized primarily by multifunctional development.

Prepayment: €7000.

Commercial plot in Agios Nikolaos, Larnaca with an initial offer price of 600,000 euros.

Regularly shaped commercial corner plot with planning permission for a 6-storey mixed-use building consisting of a mezzanine store on the ground floor and offices on the upper floors. The property spreads over approximately 521 sq.m. and enjoys a prime location just 895 meters south of the new Metropolis Shopping Center with excellent access to the rest of the city, Larnaca International Airport, Larnaca-Limesos Highway and Larnaca-Nicosia Highway. The immediate area around the property is mainly characterized by mixed development such as offices, cinemas, shops, banks, supermarkets and restaurants, as well as residential units such as single family homes and apartment buildings. Numerous developments are also under construction in the area surrounding the property.

Prepayment: €10,000.

Ground floor office in Agios Omologetis, Nicosia with a reserved price of EUR 350,000 with a yield potential of ±8.5%.

One office on the ground floor (No. 1) with an area of about 315 sq.m. interior space, 80 sq.m. underground space and 218 sq.m of utility rooms. The hotel is located in the area of the Holy Confessors in Nicosia, about 70 meters south of Archbishop Makarios III Avenue and 100 meters northwest of Landmark Hotel. The surrounding area has residential buildings, shops, restaurants and offices.

Prepayment: €7000.

Source and photo: www., Editor

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