€ 165 000

€ 3 000 / 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%

1 bedroom Apartment in Strovolos, Nicosia, Cyprus No. 46248

Bedrooms

55 sq.m.

Square

Parameters

Property Description

This three-storey residential building is located in one of the most attractive areas of Strovolos, offering easy access to the centre of Nicosia. The municipality is known for its well-organised urban environment, extensive residential character and the linear park that runs along the Pedieos river, featuring pedestrian and cycling paths surrounded by greenery and public spaces for everyday recreation.

The development consists of ten modern apartments designed with emphasis on comfort, functionality and quality. The residences feature spacious interiors, generously sized bedrooms and large main and auxiliary verandas that enhance everyday living. Covered parking spaces and private storage rooms are provided for each apartment.

High standards of construction and carefully selected materials define the project. The apartments are equipped with underfloor water heating with a heat pump, split units in the bedrooms and living areas, solar water heaters and large windows. Italian kitchens, armoured security entrance doors and high-quality ceramics and sanitary ware from recognised European manufacturers complete the interior specification. Provision for electric car charging is available in every parking space, and a complimentary interior design service is offered.

The main features of the project and the units:
• Three-storey building with 10 apartments
• Located in Strovolos with easy access to Nicosia city centre
• Comfortable interiors and spacious bedrooms
• Large main and auxiliary verandas
• Covered parking space and private storage room for each apartment
• Underfloor water heating with heat pump (1-bedroom includes A/C units, not underfloor heating)
• Split units in bedrooms and living area
• Solar water heater
• Large windows
• Armoured security entrance door with perimeter locking mechanism
• Italian kitchen and cabinets
• High-quality ceramics and sanitary ware from recognised European factories
• Provision for electric car charging in every parking space
• Photovoltaic system for communal areas
• Photovoltaic systems for selected apartments
• Free interior design service

The project has an EPC certificate with “A” energy efficiency rating.