€ 435 000

€ 4 439 / 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%

4 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 40114

Bedrooms

Bathrooms

98 sq.m.

Square

Parameters

Property Description

The project is situated in one of the most prestigious and quiet neighborhoods in Larnaca city center, offering the perfect balance between residential tranquility and urban living. Located behind the American Academy, it sits in a highly sought-after and safe area. The greatest advantage is its walkability: the famous Finikoudes promenade is just a short stroll away, and all the city's shops, cafes, and services are at your doorstep. Additionally, Larnaca International Airport is less than a 10-minute drive away.

This is an impressive 7-story luxury building featuring a unique and modern architectural design. The layout is thoughtfully structured to allow independent positioning of the apartments, ensuring maximum privacy for all residents. The building is Energy Class A certified, guaranteeing high energy efficiency and reduced utility costs, while the premium construction materials provide a sense of luxury throughout.

The last available unit is an exceptional penthouse-style apartment spanning two levels (6th and 7th floor). It features 4 spacious bedrooms and stands out for its spectacular private roof garden. This area is a true sanctuary, hosting a barbecue area, a private sauna, and an additional bathroom. The price includes all modern essentials for a comfortable life: a solar water heater, a water pressure system, and your own private parking space. A significant highlight is the installed photovoltaic system (net metering), offering substantial electricity savings. With a separate Title Deed already available, this property is an ideal choice for a family home or a high-yield investment.
Floor: 6th