€ 13 000 000

€ 2 997 / 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%

4337m2 Building in Kato Polemidia, Limassol, Cyprus No. 28573

4337 sq.m.

Square

I quarter, 2023

Completion date

Parameters

Property Description

Modern and luxury office building located in one of Limassol’s main commercial hub. This outstandingbuilding comprises of 8 floors of commercial office space, all of which are meticulously designed to reach the level of quality any high calibre business deserves and expects. Furthermore, the floor to ceiling windows provide astonishing city and mountain views, complementing the open plan configuration. This business center is located on on one of the main avenues in Kato Polemidia area, boasting close proximity to significant related infrastructures such as respectable business centers, banks and restaurants. Designed to cater for today’s business needs, this office space provides open spaces, giving a light and airy working environment, with floor to ceiling windows offering panoramic views across the city, thus providing a stimulation of both creativity and productivity