€ 450 000

€ 4 327 / 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%

3 bedrooms Apartment in Agios Theodoros, Larnaka, Cyprus No. 40488

Bedrooms

Bathrooms

104 sq.m.

Square

Parameters

Property Description

PRICES FROM €450,000+VAT

Wonderful fourth-floor three bedroom apartment located in the heart of Pano Paphos set in a new park with amenities in easy reach, just a short drive from the coast and Harbour.

Ultra-modern luxurious accommodation comprising open plan fully fitted kitchen including electrical appliances and a living-dining room area opening onto a lovely balcony with glass balustrades perfect for alfresco dining and relaxing while enjoying the views across the city to the sea. The living room boasts a custom-made built-in wall unit. Three generous size bedrooms benefit from fitted wardrobes and one also leads out to the balcony. Between the bedrooms is a shower room to complete the apartment.

An elevator services all floors and the basement includes an indoor pool together with a fitness centre and gym with doors out to a veranda as well as a sauna and jacuzzi.

The property has concealed air conditioning in the living room and the developer offers optional extras including air conditioning for the bedroom and central heating plus there is provision for CCTV/alarm system and smart home technology. Furniture packages are also available if desired.

Ideal investment opportunity for buyers wishing to live near the lively Paphos old town as well as being in easy reach of the Paphos to Limassol highway, this property offers excellent rental potential.

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 and nightlife. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Town of Paphos is visually pleasing with many historic colonial buildings which house the area’s government institutions.
Floor: 4th