€ 260 000

€ 3 250 / 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 Aradippou, Larnaka, Cyprus No. 48722

Bedrooms

Bathrooms

80 sq.m.

Square

Parameters

Property Description

Located in the residential area of Aradippou on the outskirts of Larnaca, this three-story development consists of 12 thoughtfully designed apartments. The unit mix includes ten two-bedroom apartments and two one-bedroom units, with four penthouses on the top floor featuring private rooftop gardens.

The layout of each apartment focuses on efficient use of space and functional design, incorporating quality materials such as marble and HPL surfaces. The development borders a green area and is positioned next to a public park, offering a calm residential setting within convenient reach of urban infrastructure.

Its location provides easy access to the Rizoelia roundabout, placing the property just 10 minutes from Larnaca International Airport, 30 minutes from Nicosia and Ayia Napa, and approximately 40 minutes from Limassol. The area is well served by supermarkets, bakeries, schools, and essential services, including a police station. The nearby Metropolis Mall is only a five-minute drive away.

This development offers a practical solution for residential living, with good connectivity to major cities and local amenities.

The progress of the project is progressing according to schedule and the quality of construction is strictly adhered to as agreed.

The main features of the project and the units:

• 1- and 2-bedroom apartments
• Total of 12 units (10 two-bedroom, 2 one-bedroom)
• Four penthouses with rooftop gardens
• Three-story residential building
• Marble and HPL surface finishes
• Ergonomic and spacious interior layouts
• Located in Aradippou, Larnaca
• Next to a green area and public park
• 5 minutes from Metropolis Mall
• Close to highway connections (Larnaca–Limassol)
• 10 minutes to Larnaca International Airport
• 30 minutes to Nicosia and Ayia Napa
• 40 minutes to Limassol
• Quiet residential neighborhood with full access to amenities
• Project Stage: Under construction
• Start date: 04/11/2024
• Estimated Delivery Time: 04/06/2026
• Recent Work: Second Floor Slab & First Floor Brick

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

Features

Storage room

Car park

2 Bedrooms

2 Bathrooms

80 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

80 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

80 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

80 sq.m.

+ VAT