03/11/2020 16:06
Latest catalogue now live
An array of residential houses and apartments in Nicosia, Larnaca and Paphos will be available for purchase on 18th November 2020, via an upcoming digital sale by property investment firm, BidX1. Registration for interested bidders opens on the 6th November on the BidX1 platform (https://bidx1.com/el/kypros) and the new BidX1 app (https://bidx1.com.en/mobile).
As highlighted indicatively below, the upcoming BidX1 digital sale offers buyers a varied selection of properties, with reserve prices starting as low as €85.000.
Incomplete ground floor house within 2,210 sq.m. residential field in Astromeritis, Nicosia, with a reserve price of €90.000
The property, located in Astromeritis village, Nicosia, extends to approximately 2,210 sq. m. of residential field. The house has an internal area of 360 sq. m. and 40 sq. m. covered parking area. The property is located about 370 meters south of the Akaki-Astromeritis traffic light junction, and the Astromeritis-Kakopetria road. The immediate area is characterised by undeveloped residential land.
Bidding Deposit: €3.000
https://bidx1.com/en/el-cy/auction/property/46353
Whole first floor apartment in Moutallos, Paphos district, with a reserve price of €80.000
The property, located in Moutallos, Paphos district, extends to approximately 135 sq. m. of internal area, 34 sq. m. of covered verandas and 54 sq. m. of uncovered verandas. The apartment is adjacent to Kato Pervolion street, and is situated approx. 600 m. north of Tombs of the Kings Avenue and 700 m. southwest of the historic Paphos centre. The immediate area is characterised mainly by mixed-use residential, commercial and tourist developments along the area.
Bidding Deposit: €3.000
https://bidx1.com/en/el-cy/auction/property/46337
Third floor apartment currently divided into 4 x studios and 1 x two bed apartments in Trypiotis, Nicosia, with a reserve price of €115.000
The apartment, located in the Trypiotis area of Nicosia, on the corner of Stasinou Avenue and Medontos and Androkleous Street, extends to approximately 192 sq. m. internal area and 21 sq. m. covered verandas, and an additional 83 sq.m. uncovered verandas. The property enjoys easy access to the wider Nicosia area due to its close proximity to Stasinou Avenue.
Bidding Deposit: €4.500
https://bidx1.com/en/el-cy/auction/property/46293
Semi-detached 3 bedroom two-storey house in Ayios Nicolaos, Larnaca, with a reserve price of €115.000
A semi-detached 3 bedroom two-storey house with parking space, which extends to approximately 129 sq. m. of internal area, 4 sq. m. of covered verandas and 25 sq. m. of uncovered verandas. The property is adjacent to Elias Venezis street in a quiet neighbourhood, approximately 100 m. north of Vergina Elementary School, 430 m. southwest of Vergina High School, 780 m. north of Limassol Avenue, 950 m. southwest of the new GSZ stadium roundabout and 1 km. northwest of Kamares Aqueduct. The immediate area surrounding the property is mainly characterized by residential developments, such as houses and apartment buildings, as well as residential land.
Bidding Deposit: €4.500
https://bidx1.com/en/el-cy/auction/property/46452
First floor two-bedroom apartment within Nicosia Municipality, with a reserve price of €105.000
The apartment, located in Agios Antonios , Nicosia, extends to approximately 78 sq. m. internal area and 23 sq.m. covered verandas. The property is adjacent to Piraeus street and is situated approximately 730 m. west of Larnakos Avenue, 580 m. northwest of Akadimias Park and 530 m. north of A’ Technical of Nicosia. The immediate area is mixed use, with a number of commercial establishments along the main road (restaurants, shops etc.) as well as residential developments, such as houses and apartments.
Bidding Deposit: €4.500
https://bidx1.com/en/el-cy/auction/property/46304
One-bedroom apartment on the third floor in Strovolos, Nicosia, with a reserve price of €85.000
The property, located within the Agios Vasilios parish, Strovolos Municipality which extends to approximately 62 sq. m. of internal area and 6 sq. m. of covered verandas and 49 sq.m. uncovered verandas. The property is adjacent to Kantaras Avenue and situated approximately 100 m. south of Agiou Vasiliou High School, 315 m. east of Strovolou Avenue and 665 m. north of Ethnomartira Kyprianou High School. The immediate area is mainly characterized by commercial and residential development such as shops, restaurants, grocery stores and schools as well as apartment buildings and houses.
Bidding Deposit: €3.000
https://bidx1.com/en/el-cy/auction/property/46466
The full catalogue is available on the BidX1 platform (https://bidx1.com/en/cyprus) as well as the new BidX1 App (https://bidx1.com.en/mobile).
Registration, which opens on 6th November and closes on 17th November, 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].
Related Articles
