€ 1 245 000

€ 14 310 / 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 Limassol, Cyprus No. 48579

Bedrooms

87 sq.m.

Square

Parameters

Property Description

Located in a quiet neighborhood in the center of Limassol, this residential development offers city living with convenient access to key services and a calm environment. Positioned just 100 meters from Makarios Avenue and 50 meters from Vassili Michaelides Street, the project is within walking distance of shops, schools, clinics, restaurants, and government offices. The seafront and Limassol Marina are just a 3-minute drive away.

The development consists of two adjacent buildings, each with seven floors. The ground level includes an entrance lobby, private covered parking, and storage rooms. The gated property features controlled entry points for both vehicles and pedestrians.

Floors one through five host two apartments per floor — one with two bedrooms and one with three bedrooms. The sixth floor includes a penthouse with three or four bedrooms, and the seventh floor offers a private roof garden exclusive to the penthouse. This area includes a kitchenette, bathroom, shower, plunge pool, BBQ area, sun lounge, and additional storage.

Apartments include open-plan kitchens, spacious dining and living areas, and master bedrooms with ensuite bathrooms. Covered balconies provide additional outdoor space suitable for both seating and dining. A landscaped garden on the ground floor enhances the setting.

The project is designed with modern infrastructure, including provisions for VRV air conditioning and central heating, electric vehicle charging stations, and CCTV in the parking areas. Each apartment comes with its own parking space and storage room. The building meets Energy Efficiency Class A standards and features high ceilings, high-spec finishes, and video entry systems.

The main features of the project and the units:

• Location: Central Limassol, near Makarios Avenue
• Two apartment blocks, seven floors each
• 2-bedroom and 3-bedroom apartments
• 3/4-bedroom penthouse with private roof garden
• Roof garden with kitchenette, shower, WC, plunge pool, BBQ, sun lounge, and storage
• Open-plan kitchen, dining, and living areas
• Ensuite master bedrooms
• Covered balconies
• Landscaped ground-floor garden
• VRV and central heating provision
• Gated access with video entry
• CCTV in parking area
• Electric car charging points
• High-quality finishes and materials
• Private covered parking and storage per apartment

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