€ 1 950 000

€ 156 / 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%

12480m2 Land in Pegeia, Paphos, Cyprus No. 26129

12480 sq.m.

Square

Parameters

Property Description

One of a Kind Land Parcel Offer - (Tile Deed Available) Excellent panoramic view towards New Marina, Coral Bay and Paphos. Just 1KM distance from the sea. Residential Land for Sale in Peyia is located northeast of the residential heart of Peyia Municipality, Paphos District ready for development.Great Investment opportunity, ideal for Villas, Luxury Houses, and Maisonettes. The Land is in close proximity to the sea and has good accessibility to surrounding areas. Plot = 12,480 sqm is located in Potima Coastal Area (where the New Marina will built). This large plot of land is located on the edge of a ravine with the potential of building large residences with unobstructed breath taking panoramic, mountain, city and sea views of the Mediterranean coastline.And therefore is considered a prime rectangular infrastructure shaped piece of land with 25% building density, 25% coverage build of 2 floors and can obtain an additional basement coverage due to angle/slope of land suitable for immediate development. The immediate area consists of semi-detached and detached tourist houses and large extents of undeveloped land. Note a project evidently parallel (i.e.: plot adjacent = 9 villas) exists and also an abut registered public road.The area attracts a large number of foreign buyers due to its location and is very popular with both local and foreigners due to its proximity to the beach, shops, restaurants, amenities and most importantly due to its stunning views. Prospective developers/investors need to view land to enable them to appreciate the location and understand the potentials this land actually holds.Water, telephone, electricity, internet and easy road access obtainable5 minute drive to all amenities (restaurants, kiosk, bar, supermarket and schools) and beach30 min drive to airport and nearest golf coursesTown:15 min drive to Town Centre and City PortThe price is negotiable.

Features

Internet