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Plots for residential and commercial development at BidX1’s digital sale

26/07/2021 13:18
  • Sale date 29 July – Registrations close 28 July 

Property investment firm BidX1’s upcoming digital sale is coming this week, on Thursday 29 July. Investors looking for residential and commercial development plots are required to register by 28 July, in order to bid on a range of unique opportunities included in the current catalogue

Residential Opportunities

50% share of residential plot in Kato Polemidia, Limassol with reserve price €65.000

Extending to approx. 259 sq.m. out of 518 sq.m. (50% Share), the plot has frontage of approx. 11 m. and has flat and even surface, ideal for residential development. It is located within the Archangelos Michael parish, and the immediate area is characterized by residential units such as houses and apartment buildings.   

Bidding Deposit: €3.000 

553sq.m. plot in Dali, Nicosia with reserve price €85.000

Situated about 1,3 km east of Carlsberg factory and about 2 km from Nicosia-Limassol motorway, this regular shaped residential plot has frontage of approx. 22m. along its southeast border. The immediate area of the property mainly consists of houses as well as residential land. 

Bidding Deposit: €3.000 

Regular shaped plot in Pyla, Larnaca with reserve price €67.000

This regular shaped and even surface residential plot extends to approximately 553 sq. m. and has frontage of approximately 24 meters along its north border. It is adjacent to Milou Street and situated approx. 2.3 km. away from the centre of Pyla village and approx. 2.3 km from Oroklini village. 

Bidding Deposit: €3.000 

Commercial/Mixed-use Opportunities 

Two commercial corner plots in Ayios Antonios, Nicosia with reserve price €1.400.000

A unique opportunity of a total of 1,226 sq. m., ideal  for large scale commercial / mixed use development in a central location in Nicosia. The properties hold a corner position with road frontage on three registered roads, in an area characterized by commercial development with shops and offices and numerous services and amenities close by. The plots are currently occupied by tenant with option to terminate lease in November 2021 (tenants not affected). 

Bidding Deposit: €10.000 

50% share of regular shaped plot in Lakatamia Municipality, Nicosia with reserve price €600.000

With potential for commercial or mixed-use development, the property is situated on Orpheos str. 2km south of Lakatamia centre and 9km from Nicosia city centre. It is affected by road widening and has a Separation Permission for separation into 2 plots. 

The 50% share of the property, which is for sale, extends to approx. 3,090 sq. m. (after the road widening) out of 7,180 sq. m., with road frontage of approx. 175 m. along its western border, and approx. 26 m. along its eastern border. 

Bidding Deposit: €10.000 

For the full catalogue please visit the BidX1 platform

Registration, which is currently open, is a straight-forward process, requiring that potential purchasers provide proof of identity and proof of address, as well as a deposit based on the reserve price of the property. The deposit will be retained only if a bidder is the successful purchaser on the day of the sale. Unsuccessful bidders will receive a full refund within 7 working days.  

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

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 six-seven 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. 

BidX1’s local team of specialist commercial and residential experts, with in-depth knowledge of the Cypriot property market, are at the disposal of interested parties to answer any questions regarding the properties and to arrange property viewings for potential buyers. To get in touch with the BidX1 Cyprus team, please call 22 000 380 or email [email protected].