€ 4 200 000

€ 2 840 / 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%

1479m2 Building in Kato Polemidia, Limassol, Cyprus No. 27996

1479 sq.m.

Square

III quarter, 2024

Completion date

Parameters

Property Description

New commercial building in the central position of Limassol, Kato Polemidia. Project is nestled in the most coveted sector of the city. This site guarantees a steady stream of foot traffic and prime visibility. Expansive area: offering a generous 1000sqm of versatile space, the area is a blank canvas ready to be transformed into your ideal office or retail hub. Business flexibility: the space is suitably designed to accommodate a diverse array of business types. Ample parking with 11 convenient parking spaces, visitors to your business will enjoy hassle-free access. Vibrant community: become a part of a flourishing collective of businesses that contribute to a lively and engaging neighborhood environment. Additional features: a substantial basement area measuring 428.75m2. Each floor spans 200sqm, topped with an accessible roof garden. A modern and distinctive architectural style.