€ 9 671 800

€ 8 338 / sqm

+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

The purchase is made by an individual, not a legal entity.
The buyer is not going to rent out the acquired property.
This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.

A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

5 bedrooms Penthouse in Germasogeia, Limassol, Cyprus No. 25363

Bedrooms

1160 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

ID

25363
City

Cyprus
Type

Penthouse
Status

Off-plan
Bedrooms

5
Floor

16

Total floors

20
Square

1160 sq.m.
To sea

300 m
To airport

65 km
Completion date

IV quarter, 2026
Completed

No

Property Description

Brief information.

Complex characteristics:

• Height of the ceiling - 3.05m

• Floors from natural materials (wood, marble / granite of expensive varieties)

• Bidet or hygienic shower in the bathrooms

• Smart Home systems

• Air conditioning in the bathrooms

• Underfloor heating systems using cutting-edge technology and much, much more

Westminster will have a rich infrastructure:

• Gym

• Beauty salon

• Sauna

• SPA

• Hammam

• Swimming pool of semi-Olympic size

• Indoor heated swimming pool

• Tennis court

• Children’s room

• Concierge

• Executive lounge

• Security and 24/7 video monitoring

• Areas for barbeque on the residential floors

The sea and the infrastructure are in close walking distance (two supermarkets, pharmacy, bakery etc.), and on the plot to the left from the Project (it is a municipal plot), a modern park has been built.

The plot size is 7,925 sqm.

There is a low-rise residential project in front, which allows sea views above this project. Of course, the higher the floor, the better the views. There is 51 apartment in total (it may slightly vary due to joining of some apartments), ranging from studio apartments to two 5-bedroom penthouses.