€ 9 000 000

€ 4 945 / 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%

1820m2 Commercial property in Limassol, Cyprus No. 43735

1820 sq.m.

Square

Parameters

Property Description

Mixed use development in the premier Monte Caputo area, featuring easy highway access, close proximity to the seafront and adjacent to 5-star hotels.

The project consists of office space, residential units and a storage/warehouse.

The whole project is surrounded by beautiful landscapes and green areas.

Some other features:

• 200 sq.m. of office space
• 78 sq.m. verandas
• 800 sq.m. residential open plan covered area (this space can be converted for other uses)
• 820 sq.m. professional storage with high ceiling (8 meters).

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