€ 302 000

€ 4 027 / 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 Oroklini, Larnaka, Cyprus No. 49385

Bedrooms

75 sq.m.

Square

Parameters

Property Description

This vibrant mixed-use development of five buildings is set in the highly sought-after Livadia area of Larnaca, just a stone’s throw from the seafront. Four residential blocks comprise a total of 60 modern apartments, each thoughtfully designed to provide the utmost comfort and style — from spacious living areas to sleek finishes, every detail has been crafted to meet the highest standards.

Residents enjoy a range of exceptional amenities designed to enhance their lifestyle: a refreshing swimming pool, an invigorating jacuzzi area, a state-of-the-art gym and a tranquil sauna create a perfect balance of health, wellness and leisure.

The development also features a dynamic commercial building with a variety of shops and three levels of offices, offering a prime spot for entrepreneurs and professionals, with ample underground parking for added convenience.

The complex benefits from its strategic position in the heart of a rapidly developing area. The nearby Land of Tomorrow project and the local authorities’ plans to transform the old oil and gas storage area into green spaces, a university and other facilities make this a location of significant investment and growth. Parks, restaurants, shopping centres, schools and hospitals are all within easy reach, while the proximity to the American University makes the development an ideal choice for students, faculty and staff.

The main features of the project and the units:

• 5 buildings: 4 residential blocks and a commercial building
• 60 modern apartments
• Communal swimming pool
• Jacuzzi area
• Gym
• Sauna
• Shops and three levels of offices in the commercial building
• Underground parking
• Walking distance to the seafront
• Close to the American University

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