05/02/2020 10:38
The countdown for BidX1’s upcoming auction in Cyprus has started, with registration opening today! Over 70 properties are included in the current catalogue now live on the BidX1 platform (https://bidx1.com/en/cyprus), a mix of residential and commercial units. Below, a selection of 6 handpicked properties of different type, prime examples of opportunities for bidders on 19 February 2020.
Two restaurants with sea views in Protaras
Two first floor restaurants with storage areas and parking spaces situated on Protaras – Kavo Gkreko Avenue, next to Kapetanios Bay hotel, approx. 200 m. west of Protaras main street and approx. 600 m. north of the seafront. Each restaurant consists of an open plan area of restaurant, kitchen, bathrooms and uncovered verandas, and views of the seaside. The property extends to approximately 358 sq. m. internal area, 306 sq. m. of uncovered verandas and 139 sq. m. of storage areas in total.
Reserve Price: €195,000
Bidding Deposit: €4,500
https://bidx1.com/en/el-cy/auction/property/39939
Two-bedroom apartment in Nicosia city centre
Second floor two-bedroom apartment with covered parking space on ground floor, extending to approx. 80 sq. m. internal area and 16 sq. m. covered verandas. It consists of an open space living room with kitchen and fireplace, a bathroom and two bedrooms (of which one is en-suite). The apartment is located in Agiou Constantinou and Elenis parish, Nicosia City Centre, approx. 470 m. from the University of Cyprus, approx. 380 m. east of Kallipoleos Avenue and approx. 1 km east of Archbishop Makarios III Avenue.
Reserve Price: €80,000
Bidding Deposit: €3,000
https://bidx1.com/en/el-cy/auction/property/39780
Investment opportunity with €12.960 income per year
Two unified ground floor shops used as one shop in Nicosia city centre, extending to approximately 86 sq. m., subject to a tenancy with total current rent of €12.960 per year. The property, currently occupied by known coffee and bakery shop Grigoris Mikrogevmata, is situated on Themistokli Dervi street.
Reserve Price: €160,000
Bidding Deposit: €4,500
https://bidx1.com/en/el-cy/auction/property/39769
Three-bedroom apartment in luxury Aphrodite Hills resort
Part of the exclusive Aphrodite Hills Golf & Spa Resort Residences in Kouklia, Pafos, this ground floor 3-bedroom apartment, extends to approximately 104 sq. m. internal area, 30 sq. m. covered veranda and 8 sq. m. uncovered veranda. The apartment is part of Theseus village -Phase 1 of the Resort, with communal swimming pools and panoramic views ofthe Mediterranean Sea. The Resort is a certified PGA Golf Resort, boasting a 5-star hotel with 290 rooms, multiple restaurants, spa facilities, etc.
Reserve Price: €170,000
Bidding Deposit: €4,500
https://bidx1.com/en/el-cy/auction/property/40284
Excellent residential development opportunity in Pomos, Pafos
A 1,106 sq.m field in Pomos, with a potential for a residential development approx. 50 m. away from the seaside and approx. 145 meters east from Pomos Harbour and the public beach.
Reserve Price: €80,000
Bidding Deposit: €3,000
https://bidx1.com/en/el-cy/auction/property/38016
Residential complex under development in Lefkara
Incomplete development of 10 two-storey three-bedroom houses in Lefkara, each with private use of yard and one adjacent agricultural field, part of a residential complex of 3 blocks and an adjacent agricultural field of 1.019 sq.m. Houses 1 – 6 consist of an open plan living/dining room and kitchen and guest WC on the ground floor, 3 bedrooms and a bathroom on the first floor. In addition, there are a sub-basement covered parking spots, storage rooms and heating storage rooms. Houses 7 – 10 consist of open plan living/dining room and kitchen and guest WC on the ground floor, 3 bedrooms and a bathroom on the first floor. Each house has one covered parking space on the ground floor. All 10 houses are incomplete but only missing works such as carpentry, partly electrical and plumbing, painting, railings and fences and the designing of the open-air spaces.
Reserve Price: €390,000
Bidding Deposit: €7,000
https://bidx1.com/en/el-cy/auction/property/38050
To view more opportunities and register interested parties can visit the BidX1 platform (https://bidx1.com/en/cyprus). Registration is straight-forward and involves providing proof of identity and proof of address, as well as a deposit based on the reserve price of the property that they are interested in. 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 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 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 and expertise 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 at [email protected]
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