€ 2 000 000

€ 2 457 / 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%

814m2 Commercial property in Larnaca, Larnaka, Cyprus No. 44771

814 sq.m.

Square

Parameters

Property Description

This residential five-storey building comprises of eight spacious two bedroom apartments and a three bedroom penthouse on the fifth floor with a private roof garden. Each apartment incorporates the latest in quality finishes, fixtures and design. It is situated nearby all amenities as well as the city centre, a wide range of shops, supermarkets, schools, banks and other facilities.

Thoughtfully designed, all apartments offer open plan spacious living areas, with large verandas viewing the city. All apartments include 2 bedrooms (one en-suite), open plan kitchen and living room space with covered verandas. The penthouse offers three bedrooms (master bedroom en-suite), large veranda and a roof garden.

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