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4 investment opportunities with immediate income via BidX1’s digital sale

15/10/2019 06:00

BidX1’s first digital sale is coming up on October 23rd. Among the properties for sale through the platform, attractive investment opportunities are available with immediate income for successful bidders up to €52.500 per year. Thereserveprices for these particular commercial and residential properties range between €150,000 and €750,000. Below the details:

Lot 44 –Four level mixed unitclose to Tsireio Stadium in Limassol with €50.664 income per year

Reserveprice: €600,000

Four-level building consisting of basement, a shop on ground floor and four offices on 1st and 2nd floor.Located in Ayios Georgios parish, within the Municipality of Limassol, Limassol District, the property is adjacent to VasileosKonstantinou street, approx. 150 m Southwest of Tsireio Football Stadium, approx. 150 m south of the main highway Limassol – Nicosia – Paphos and approx. 150 m from Ayia Fylaxis roundabout.  The retail space extends to approximately 225 sq. m. + 96 sq. m. mezzanine.1st and 2nd floor offices extend to approximately 392 sq. m. total.The property is subject to three tenancy agreements at a total current rent of €50.664 per annum, with one vacant unit on 2nd floor.

https://bidx1.com/en/el-cy/auction/property/34970

Lot 18 –Two storey mixed unit in prime location in Ayios Nikolaos in Limassol

Reserveprice: €150,000

The building consists of a shop on ground floor and an apartment on first floor with potential to extend. Located in Ayios Nikolaos parish, within the Municipality of Limassol, the property is adjacent at Aisopou street, approximately 500 m north of Griva Digeni Avenue, approx. 750 m north-east of the Ayios Nikolaos roundabout and approx. 600 m south of Spyrou Kyprianou Avenue. The property extends to approx. 197 sq.m. of internal area and covered verandas of 26 sq.m.Subject to two tenancy agreements at a current total rent of €11.940 per annum.

https://bidx1.com/el/el-cy/auction/property/34056

Lot 5 –Occupied offices in Engomi with income €52.500 per annum

Reserveprice: €650,000

Two occupied office suites, 2nd and 3rd floor, located in Engomi municipality, Nicosia District, at the junction of Elia Papakyriakou and 28th October Avenues, two of the busiest commercial roads of Engomi municipality.The offices are situated approx. 750 m. south of the Mall of Engomi, approx.  300 m. north of the State Fair Grounds and approximately 500 m. east of Iroon Avenue. The property extends approx. 678 sq. m. and is subject to a single tenancy at a current rent of €52.500 per annum.

https://bidx1.com/el/el-cy/auction/property/34092

Lot 52 – Well known commercial building on Onasagorou partly occupied by one of Nicosia’s top bars

Reserveprice: €750,000

Corner building onOnasagorou, in the Faneromeni area within the walls of the Old City of Nicosia, home to one of the most popular bars of Nicosia and a known jewelry store. The property extends to a total area of approx. 858 sq. m. Successful bidder benefits of gross rental of €30.252 per annum, as per tenancy agreements.

https://bidx1.com/el/el-cy/auction/property/36620

Information about the online auction:

BidX1 local office in Cyprus is in Nicosia and provides countrywide services. BidX1’s Cyprus team comprises market leading specialist commercial and residential experts with in-depth knowledge and expertise of the Cypriot property market, at the disposal of interested parties to answer any questions regarding the properties on sale in the run-up to bidding and arrange for property viewings for potential buyers.

In order to bid on a property, interested parties are required to register on the BidX1 platform (https://bidx1.com/), providing identity information and proof of address, as well as a deposit which is based on the reserve price of the property and will be retained only if a bidder is the successful purchaser on the day of the sale.

The digital platform is accessible on any device from any location around the world, offering the opportunity to register and bid wherever the buyer is.

On the day of the sale, bidding will start at the stated reserve price, which is the lowest price that the property can be sold for. Every bid placed on a property is logged and displayed in real-time and can be viewed publicly on the website, while bidders are identified only by a number and so remain anonymous. Successful buyers will generally need to complete their purchase (transfer the full amount to the vendor’s solicitor) within four-five weeks. However, the exact closing date for each property will be stated in the Contract for Sale, which is available in the legal documents for each property.

For more information and registrations please visit: or contact the BidX1 team in Cyprus at 22 000380 or via email [email protected]