20.09.2022
Attractive residential and commercial properties available for purchase in Cyprus are in the spotlight as BidX1, the leading online platform for the sale of investment property, prepares for the highly anticipated upcoming online auction on September 29, 2022. The latest listing on the BidX1 platform includes unique investment opportunities in every corner of the island, from high-margin commercial buildings ideal for business expansion in thriving urban centers to small homes in quiet coastal areas and more.
BidX1 ensures that the process of finding the property you want is simple, fast and reliable, whether you are looking for your dream home or looking to generate rental income. Here is a short list of the highly coveted commercial and investment property in Cyprus that went up for online auction on September 29th:
Contents
- 1 Apartment in Geroskipou with a starting price of €50,000
- 2 Large plot in a quiet area of Lakatamia with an initial offer price of 125,000 euros.
- 3 Luxurious residence in Aglancia with an initial offer price of 550,000 euros.
- 4 Commercial building on Anexartisias street in the center of Limassol at a reserved price of 1,445,000 euros.
Apartment in Geroskipou with a starting price of €50,000
The one bedroom apartment in Geroskipou is ideal for buyers looking for a great property close to the coast or for those looking to buy their first home in an idyllic seaside town. It has an internal area of 57 sq.m and a covered terrace of about 5 sq.m. It consists of an open plan living room/kitchen, one bedroom and a bathroom. It is located on the second floor of a building from 2008, which consists of a parking and storage room on the ground floor, and 23 apartments on the top three floors. The property is located on Rigainis Street, about 160m northwest of the first primary school and Geroskipou Kindergarten, 470m north of Archbishop Makarios III Avenue and about 400m east of St. Theodore Gymnasium. The surrounding area is characterized by residential development and wastelands. Auction deposit: €2000.
Large plot in a quiet area of Lakatamia with an initial offer price of 125,000 euros.
Large plot of land in the parish of Agios Nikolaos in Lakatamia with an area of about 730 sq.m., rectangular in shape with a flat and smooth surface. The plot has great potential for development and favorable construction and is suitable for the construction of a residence as well as an apartment building. It rests about 18 meters on a registered road along its northeastern border. It is located in the parish of Agios Nikolaos, Municipality of Lakatamia, Province of Nicosia, about 2 km west of Tseri Avenue, 900 meters northwest of Lakatamia Municipal Swimming Pool and 750 meters southeast of Archbishop Makarios III Avenue. real estate is mainly characterized by residential buildings, plots and residential blocks. Auction deposit: €4500.
Luxurious residence in Aglancia with an initial offer price of 550,000 euros.
Detached modern two-story house with 6 bedrooms with an internal area of about 287 sq.m., 30 sq.m. covered terraces and 113 sq.m. basement. Perfect for a family looking for comfortable outdoor spaces, it has room for a pool as it was built on a 562 sqm plot, next to a green area. The residence is suitable for environmentally conscious buyers as it has energy efficient systems, underfloor central heating and central cooling with an inverter geothermal heat pump. It is also equipped with modern technologies such as an automation system, external and internal electric shutters, 2 home theaters (indoor and outdoor – hidden enclosures and a projection screen), a structured cabling system, a video surveillance system and a fire alarm. The residence is located in Aglancia in a relatively newly built area, 750m northeast of the University of Cyprus and 1.8km northeast of the intersection of Larnakos and Famagusta avenues. It is also in close proximity to supermarkets, kiosks, pharmacies, banks, etc. The immediate area of the property is mainly characterized by residential developments such as houses and villas, as well as apartment buildings. Auction deposit: €10,000.
Commercial building on Anexartisias street in the center of Limassol at a reserved price of 1,445,000 euros.
A four storey commercial building on Anexartisias Street in Limassol in an excellent location in the heart of the commercial center of the city. The property is ideal for investors looking for a generous return on their investment. It consists of a basement, ground floor and three floors with a total area of 793 sq.m. The property is rented to a well-known international chain of stores with a rent of 5,737 euros and provides an ROI of 4.8%. It has very good visibility from passing pedestrians and cars and is about 340m from Pentadromos and about 360m from Spyros Arauzu beach avenue. The immediate area of the property is mainly commercial in nature with increased traffic of both pedestrians and vehicles during the day and week and consists of shops, restaurants, cafes. Auction deposit: €15,000.
Registration has begun and interested bidders will be required to provide a copy of their ID or passport, proof of address, and make a deposit based on the property’s reserve price, which will only be withheld if the bidder is the winner. auction. Non-losing bidders will receive a 100% refund within 7 business days.
The BidX1 online platform is accessible from any device from anywhere in the world, allowing the buyer to register and bid from anywhere.
On the day of the auction, bidding will begin at the reserve price, which is the lowest price at which a property can be sold. Each offer is registered and displayed in real time on the site. Bidders are shown by number and not by name to ensure their anonymity. Successful buyers are required to complete the purchase, i.e. transfer the entire amount to the seller’s lawyer, within six to seven weeks. However, the exact completion date of the sale for each property is specified in the Sale and Purchase, which is available in the legal documents of each property.
BidX1’s experienced team in Cyprus has a deep knowledge of the local property market and is on hand to assist interested parties with any property clarification, registration assistance or property visit arrangements.
