€ 6 580 000

€ 13 239 / 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%

497m2 Commercial property in Limassol, Cyprus No. 42045

497 sq.m.

Square

Parameters

Property Description

This original design building is located in one of the most developed areas of Limassol, just nearly 500 meters from the famous Dasoudi beach and eucalyptus grove. The design concept of the project is based on a combination of white and golden shades, which gives the building a unique appearance and distinctive features.

Within walking distance from the development there are supermarkets, sports center, the hotel, shops and restaurants and other daily needed facilities.

The development consists of apartments and a penthouse with a covered veranda and a private covered roof terrace with a swimming pool. The penthouse offers beautiful panoramic views of the sea and the city.

The Project has EPC certificate with "A" Energy Efficiency Rating.