€ 18 500 000

€ 713 / 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%

25960m2 Commercial property in Mandria, Paphos, Cyprus No. 28487

25960 sq.m.

Square

Parameters

Property Description

An exceptional investment opportunity to buy a magnificent beachfront piece of land in a tourist zone in the village of Mandria.Modern luxury homes offering a unique Mediterranean lifestyle in green surroundings, private swimming pools, gardens, gated entrance for added privacy and security in a resort with a luxury clubhouse and 380m of beachfront.With a land size of 103,843 m² and total covered areas of 25,526 m², which can build more than 80 villas and a clubhouse, the Masterplan has been carefully designed to cater for this exclusive resorts residents’ needs.Situated in a stunning beachfront site in the beautiful village of Mandria, 5 minutes away from the Paphos International Airport, 10 minutes away from the Venus Rock Golf Resort and 20 minutes away from Paphos city centre.

Features

Car park