€ 390 000

€ 3 451 / 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%

3 bedrooms Apartment in Strovolos, Nicosia, Cyprus No. 47435

Bedrooms

113 sq.m.

Square

Parameters

Property Description

This modern five-storey residential building is located in a quiet cul-de-sac in the Acropolis area of Strovolos. The building consists of fourteen apartments with spacious terraces. The first to fourth floors include two 2-bedroom apartments and one 3-bedroom apartment on each level, while the fifth floor features two 3-bedroom apartments. The ground floor offers parking spaces, a bicycle garage, landscaped green areas, storage rooms for each apartment, and a welcoming entrance with a reception area.

The main features of the project and the units:
•Five-storey residential building
•Located in Acropolis, Strovolos
•14 apartments in total
•2- and 3-bedroom apartments
•Spacious covered terraces
•Underfloor heating with heat pump
•Solar thermal system for water heating
•Photovoltaic panels for each apartment
•Air conditioning units in all areas
•Electric roller shutters in bedrooms
•Video doorbell system
•Gated project
•Two parking spaces for 3-bedroom apartments
•Provision for electric car charging stations

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