€ 295 000

€ 3 598 / 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%

2 bedrooms Penthouse in Kato Polemidia, Limassol, Cyprus No. 46380

Bedrooms

82 sq.m.

Square

Parameters

Property Description

Located in the heart of the area connecting central Limassol with the east, this development offers convenient access across Limassol and its suburbs. The location is within minutes of My Mall and the Casino, and within walking distance of everyday amenities and services, including supermarkets, schools, kindergartens, pharmacies, and a hospital. The building combines commercial units on the ground floor with residential units above, making it suitable for residential use, investment, or business purposes.

The main features of the project and the units:
• Central location with easy access across Limassol and the suburbs
• Proximity to My Mall and the Casino
• Walking distance to supermarkets, schools, kindergartens, pharmacies, and a hospital
• Three ground-floor shops with mezzanine
• One- and two-bedroom apartments on the first and second floors
• Roof gardens

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