In 2 days Bank / servicer auction

House in Nicosia

Nicosia·Brought to auction by Alpha Bank Cyprus

Aerial view of Nicosia
Aerial view of Nicosia. Approximate: the notice names only the district. The notice carries no photographs.
See on the map Imagery © Esri
  • House
  • 26 m²
  • Nicosia

Auction starts in

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Friday 30 October 2026, bidding 13:00–15:00 Cyprus time. Extended by up to an hour if bids come in at the end.

Participation guarantee due by Wednesday 28 October, 15:00.

About this property

C1674-1689 (1/ΕΣ/74294/1980_ The building was registered as jointly owned in accordance with the provisions of Part IIA of the Law, Chapter 009, it is part of the apartment building named 'MARKORA' and occupies part of the ground floor of the building, as well as the mezzanine no.

Lot details

Auction date
Friday 30 October 2026, 13:00
Property type
House
District
Nicosia
Plot size
26 m²
Share being sold
Whole property (1/1)
Share of common parts
4,50%
Registration number
3/1675
Sheet / plan / plot
21/540303
Auction reference
RTHZQ23ARX
Kind of auction
Bank / servicer auction

Conditions of sale

  • Reserve price: €94,500The property is not sold below this figure.
  • Participation guarantee: €9,45010% of the reserve, paid by bank transfer, banker's draft or card block — not earlier than five business days before the auction and by 15:00 two business days before. Refunded if you do not win.
  • Bidding 10:00–12:00 on the auction dayOnline on eauction-cy.com. Each bid must beat the leading bid by at least €1. A bid in the last minute extends the auction by five minutes, up to an hour in total.
  • Balance within 20 daysThe winner pays the rest of the price to the mortgage lender within 20 days of the auction, or forfeits the guarantee and is liable for any shortfall at a later sale.
  • VATWhere VAT applies, it is paid by the buyer on top of the winning bid.
  • Sold as seenThe interest is offered without warranty as to the existence, kind or extent of the property or the debtor's title. Check the title deed and view the property first — we can arrange it.
What the notice says5 clauses, 4 notes
  1. 3/1675 21/540303/ MUNICIPALITY OF GERASIMOS SHOP no. 2 at 36 1/1 468 NICOSIA MARKORA ground floor AGII MEZZOPATOMA no. 5 at OMOLOGITES mezzanine area 26 sq.m.: exclusive right of use Reserved sale price: €94,500 Guarantee amount: €9,450
  2. The property will not be delivered if the reserved sales price is not met.
  3. The interest in the above property is offered for sale without further warranties regarding the existence, type or extent of the property or the right held by the mortgagee.
  4. The Highest Bidder must keep in mind that the balance of the sale price (accepted bid price minus the amount of the guarantee) must be paid to the mortgage lender, otherwise he loses the amount of the guarantee and is liable for any damage that may occur in a subsequent sale.
  5. Bidders should note that, in cases where VAT may arise, any awarded sale price will not include the amount of VAT. This amount will be payable in addition to the sale price and will be borne by the buyer. *The shop with no. 2, door no. 009, is part of the apartment building named 'MARKORA' and occupies part of the ground floor of the building, as well as the mezzanine no. 5. For more information, please contact the Bank at 22888803

Notes on the title

  • FOR HORIZONTAL PARTITION UNITS SEE DOC. C1674-1689
  • (1/ΕΣ/74294/1980_
  • The building was registered as jointly owned in accordance with the provisions of Part IIA of Law Cap. 224 with the
  • file 1/Α1502/2003 (02/08/2004-1/ΕΣ/1353/2004)

Machine translation of the official Greek notice, for orientation only. The Greek text is the one that binds.

Documents

  • Official auction notice Notice of electronic auction under the 2019 Order, as published by the Ministry of Interior · PDF, 156 KB
  • Bid on eauction-cy.comThe licensed platform where every bank and servicer auction in Cyprus is held. Search there by the auction reference RTHZQ23ARX.
  • Title searchThe notice gives the registration number 3/1675 and sheet/plan/plot 21/540303. A search at the District Lands Office shows encumbrances and the exact boundaries. We can order one for you.

Location Nicosia

Approximate: the notice names only the district. The exact plot is 21/540303 on the Land Registry plan. Open in Google Maps

Auction house

Alpha Bank Cyprus Mortgage creditor or its servicer. The lot is sold on their instruction.

Interested in this lot?

Tell us what you need and we will put you in touch with Alpha Bank Cyprus, and help you with the viewing, the title search, registration and the guarantee.

Where this comes from

Auctions of mortgaged property in Cyprus must be published as a public notice. This page is built from that notice, filed by Alpha Bank Cyprus. index.cy is not the auctioneer and does not take bids — bidding happens on the official platform, eauction-cy.com. Last checked 27 October 2026.

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