€ 4 400 000

€ 4 889 / 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%

22 bedrooms Commercial property in Paphos, Cyprus No. 35078

Bedrooms

Bathrooms

900 sq.m.

Square

Parameters

Property Description

A premium apartment development located in the heart of Paphos city, just a short walk to Kings Avenue Mall, bars & restaurants, old market and the beach.

This amazing modern apartment development consists of 8 x 2 bed and 2 x 3 bed (penthouse) luxury apartments, ensuring spacious, cosmopolitan living.

Additionally, the apartments enjoy their own spacious balcony and stylish high-quality finishes, reflecting the very best in modern taste.

Features:

• Apartments with large balconies
• Close to local and international private schools
• Within walking distance to the beach, the mall, the tourist area and the old city
• Breathtaking views of the city & Mediterranean blues
• Alarm system
• Gated community
• Intercom with camera
• Provision for electrical car charger
• Equipped with the top-quality materials and finishes
• Underfloor heating
• VRV cooling system
• Wall-mounted toilets
• Excellent investment opportunity, lots of facilities – sauna, jacuzzi, pool, cctv

Tombs Of The Kings -Paphos is a beautiful coastal city in the southwest of Cyprus and the capital of this district. Paphos is broken down into two parts, Kato Paphos (lower) and Pano Paphos (upper). This is a vibrant city full of the hustle and bustle of local life with plenty of restaurants, tavernas, bars, nightlife and The Kings Avenue Mall. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Centre of Paphos is visually pleasing with many historic colonial buildings which house the areas government institutions.