€ 350 000
€ 3 846 / sqm
+ VAT
+ 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.
2 bedrooms Penthouse in Larnaca, Larnaka, Cyprus No. 48940
2
Bedrooms
2
Bathrooms
91 sq.m.
Square
Parameters
Property Description
The project offers six modern apartments, each featuring a flexible 2+1 bedroom layout, allowing conversion into a three-bedroom unit after receiving the title deed. The apartments have a total area of 91 sq.m. with an additional 22 sq.m. of covered verandas. The two penthouses on the third floor include spacious 44 sq.m. roof gardens with pergolas. Each unit comes with a covered parking space, and the building meets energy efficiency class A standards with high-quality finishes.
Located in the sea port area of Larnaca, a rapidly developing part of the city, the project is near major infrastructure developments such as the Land of Tomorrow and the New Marina. It is approximately 1 km from the sea, a five-minute drive to central Larnaca and the Blue Flag beaches of Dekelia Road, and ten minutes from the airport. Nearby amenities include supermarkets, schools, and the American University. The area has strong potential for property value growth.
The main features of the project and the units:
• 6 apartments (2+1 bedrooms, convertible to 3-bedroom)
• 91 sq.m. internal area + 22 sq.m. covered verandas
• 2 penthouses with 44 sq.m. roof gardens and pergolas
• Covered parking for each unit
• High-quality finishes
• 1 km from the sea
• Close to major developments (Land of Tomorrow, New Marina)
• 5 min to Larnaca center & Dekelia Road beaches
• 10 min to the airport
• Nearby supermarkets, schools, and American University
• Strong investment potential
The project has an EPC certificate with “A” energy efficiency rating.
Features
Car park
Statistics
€ 3 329
Price per sq.m.
166
Quality of Life Index
53
Cost of Living Index
Choose a city for comparison
Parameters
Larnaca
Rent Per Month
Apartment (1 bedroom) in City Centre
€ 796
Apartment (1 bedroom) Outside of Centre
€ 599
Apartment (3 bedrooms) in City Centre
€ 1 475
Apartment (3 bedrooms) Outside of Centre
€ 1 094
Buy Apartment Price
Price per square metre in the city centre
€ 3 329
Price per square metre outside the city centre
€ 1 780
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