€ 310 000
€ 3 827 / sqm
+ VAT
+ 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.
2 bedrooms Apartment in Geroskípou, Paphos, Cyprus No. 44878
2
Bedrooms
81 sq.m.
Square
Parameters
Property Description
This senior living resort, being the first such concept in Cyprus, is located on the outskirts of Paphos. It will offer the next generation of retirees independent senior living facilities as well as the opportunity to be part of a community of like-minded people and enjoy the retirement living.
The project will specialise in providing all-inclusive, independent, resort style, 60 years and over senior living.
The development will consist of approximately 105 properties with a selection of studio, one, two and three bedroom apartments in a gated area of approximately 20,000 sqm.
Other specifications:
• Fully licenced Medical Centre
• On-site nurse 24 / 7
• On-call doctor and ambulance service 24 / 7
• Emergency call system linked to the Medical Centre
• On-site pharmacy
• Outdoor and indoor heated pool
• Spa and Gym
• Communal gardens
• Restaurants, Café and Bar
• Clubhouse and social events
• CCTV Cameras
• On-site security service 24 / 7
• Wheelchair friendly options
The apartments in the project can also be purchased for investment purposes. The expected ROI, calculated according to present situation, would be between 7% and 8%, depending on the property.
The Project has EPC certificate with "B" Energy Efficiency Rating.
Features
Common area with pool
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