17.07.2024
Looking for a great deal for your next real estate investment? BidX1 has introduced a new exclusive catalog with over 50 properties at auction.
The online auction will take place on the BidX1 platform on July 31, and potential buyers can register to participate starting from July 22.
The catalog features a variety of investment opportunities across Cyprus, including residential homes, apartments, commercial properties, and land plots for residential and agricultural use.
BidX1 has highlighted five properties to showcase some of the opportunities available at the auction.
Contents
One-Bedroom Apartment in Kiti, Larnaca
The apartment is located on the first floor of the Orange Grove Block C complex, situated in the community of Kiti. The apartment has an area of approximately 45 sq. m, plus covered and uncovered verandas (3 sq. m and 7 sq. m, respectively). The area where the property is located is residential and is 2 km southwest of the Kiti Primary School and about 5 km from Larnaca International Airport.
Starting Auction Price: €40,000
Auction Deposit: €2,000
Commercial Premises with Direct Income on Kallipoleos Avenue, Nicosia
Two commercial units, currently used as separate cafes, are within walking distance of the University of Cyprus. Both premises are leased, providing an investment return of around 5.5% with the potential for rent increases after the lease agreements expire.
The western commercial unit (Kallipoleos Avenue) has about 100 sq. m of interior space, consisting of a single internal client service area, two restrooms, a staff service area, an office area, a storage room, and an external client service area.
The eastern commercial unit (Federico Garcia Lorca Street) has an interior area of about 118 sq. m, with a single client service area and restrooms.
Starting Auction Price: €195,000
Auction Deposit: €4,500
Three-Bedroom Penthouse in Agios Antonios, Nicosia
This fifth-floor penthouse features three bedrooms and a spacious living room covering approximately 130 sq. m, with an additional 137 sq. m of open verandas offering panoramic views. The price of the penthouse also includes a parking space. The property is located in the Agios Antonios area on Georgiou Griva Digeni Street, about 270 m southeast of Digeni Akrita Avenue, 200 m northeast of Kallipoleos Avenue, and 450 m west of Larnakos Avenue.
Starting Auction Price: €130,000
Auction Deposit: €4,500
Land Plot in Agia Fyla, Limassol
A large development land plot of 6262 sq. m located in one of Limassol’s most developed areas. The area where the property is located is residential, with a small number of luxury residences.
Starting Auction Price: €525,000
Auction Deposit: €10,000
One-Bedroom Apartment in Ayia Napa, Famagusta
A one-bedroom apartment with a sea view covering about 64 sq. m, located on Island Avenue, about 200 m northwest of the Paliatso Luna Park and about 1.5 km east of Ayia Napa’s private Olympic Hospital. The property offers good access to all necessary amenities such as shops, supermarkets, restaurants, and more.
Starting Auction Price: €59,000
Auction Deposit: €3,000
For a full list of properties available at the BidX1 auction and to register for the auction, buyers can visit the company’s platform at https://bidx1.com/el/kypros. Registration is simple: you need to provide a copy of your ID and proof of address (through utility bills), and pay a deposit, which will be deducted from the final purchase price if your bid is successful. Unsuccessful bidders will receive a full refund of the deposit within seven working days.
On the day of the auction, bidding for the properties starts from the starting price listed for each property. Each bid is recorded and displayed in real-time on the site, while participants remain anonymous, retaining a unique identification number for their participation in the specific auction.
It is important to note that the terms of sale at the auction are final: if your bid wins, you are required to complete the purchase within six to seven weeks or within the timeframe specified in the contract.
The BidX1 team in Cyprus, with extensive knowledge of the local real estate market, is ready to answer any questions and assist buyers at all stages of the auction. To contact the BidX1 team in Cyprus, you can call 22 000 380 or send an email to info@cy.bidx1.com.
