€ 615 137

€ 9 464 / 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 Apartment in Limassol, Cyprus No. 48596

Bedrooms

65 sq.m.

Square

Parameters

Property Description

This residential development is situated in the heart of Limassol’s Old Town, offering immediate access to the city's core amenities. Residents are within walking distance of Limassol Marina, the beachfront, and a wide range of urban services, including shops, cafes, restaurants, and office hubs. The project also ensures easy access to the highway.

The design prioritizes both visual appeal and functional planning, beginning with a well-designed lobby and extending to thoughtfully laid-out living spaces in each unit. The development features a range of shared amenities such as smart building systems, a concierge station, a co-working area, and an underground parking facility. Three elevators serve the buildings, and a landscaped urban piazza adds to the communal space.

Additional wellness facilities include a gym, spa, treatment room, and a heated rooftop infinity pool with sea views.

Each apartment is built with high-end finishes, Italian flooring, and GROHE-brand bathroom fixtures. All units are delivered with an individual title deed. Suitable for long- or short-term rentals, these one- and two-bedroom apartments represent a strong investment opportunity in a highly walkable and central location.

The development consists of 88 apartments arranged across two buildings, with a variety of unit types ranging from 43 to 72 square meters, each featuring a balcony or private garden.

The main features of the project and the units:

• Located in the heart of Limassol Old Town
• 88 residential units across 2 buildings
• 8 floors
• 68 one-bedroom apartments
• 20 two-bedroom apartments
• Units ranging from 43–72 m²
• Private balconies or gardens
• 200 m² of shared amenities
• Rooftop heated infinity pool
• Spa and wellness center
• Gym and treatment room
• Smart building systems
• Concierge station and co-working zone
• Underground parking
• Three elevators
• High-quality finishes with Italian floors and GROHE fixtures
• Title deed for each unit
• Suitable for both long- and short-term rental strategies