€ 1 785 000

€ 3 368 / 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%

530m2 Commercial property in Larnaca, Larnaka, Cyprus No. 48089

530 sq.m.

Square

Parameters

Property Description

Located in the Port Area of Larnaca, this residential development consists of a three-storey building with only three apartments—one on each floor. The project offers privacy and space for residents, with layouts designed to accommodate a variety of living needs.

The ground and first floors each feature four-bedroom apartments, including a flexible room that can function as either a guest room or home office. The top floor is occupied by a three-bedroom apartment with exclusive access to a rooftop terrace. This private outdoor space includes a swimming pool, bar area, and BBQ setup, providing additional living and leisure options.

Each apartment includes a dedicated parking space and private storage. The location offers quick access to the highway and is just 1.5 kilometers from Finikoudes Beach. A range of amenities and daily services are available within walking distance.

The main features of the project and the units:

• 3-storey residential building
• 3 full-floor apartments
• Two 4-bedroom apartments with an additional guestroom/home office on the ground and first floors
• One 3-bedroom apartment on the top floor
• Private rooftop terrace with pool, bar, and BBQ area (top floor unit)
• One parking space and storage room per apartment
• Located in Larnaca’s Port Area
• Easy access to motorway
• 1.5 km from Finikoudes Beach (Blue Flag)
• Amenities within walking distance
• Swimming pool