€ 3 700 000

€ 5 041 / 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%

734m2 Commercial property in Oroklini, Larnaka, Cyprus No. 44146

734 sq.m.

Square

Parameters

Property Description

The Residential building presents an excellent ROI potential.

The development will consist of 11 units, located in Livadia (Larnaca), only 250m from the sea, with easy access to all amenities such as shops, restaurants and shopping mall.

It offers a great investment opportunity with high buy-to-rent potential.

The project comprises of 1 and 2 bedroom apartments. Two of the top floor apartments will enjoy private access to their individual roof garden with full sea view and barbecue area as well as an extra room and WC-shower and storage.

Lastly, the two top floor apartments will have net metering, a photovoltaic system, Jacuzzi bar, 3 phase electric power and provision for underfloor heating.

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

Features

Storage room

Car park

734.25m2 Commercial property in Livadia, Nicosia, Cyprus No. 51991

734.25 sq.m.

+ VAT

732m2 Commercial property in Larnaca, Larnaka, Cyprus No. 42429

732 sq.m.

+ VAT

Verified property

736m2 Commercial property in Larnaca, Larnaka, Cyprus No. 37965

736 sq.m.

Verified property

736m2 Commercial property in Larnaca, Larnaka, Cyprus No. 38966

736 sq.m.