€ 5 000 000

€ 4 625 / 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%

1081m2 Office in Kato Paphos, Paphos, Cyprus No. 49591

1081 sq.m.

Square

Parameters

Property Description

This is a modern property with commercial and residential units. This complex houses spacious offices, luxurious 3 bedroom apartments, covered parking and a roof top swimming pool, offering a unique standard of living in the heart of the city. Located on Apostolou Pavlou Avenue, one of the most commercial streets in Paphos.

The main features of the project :

• Basement Level : Covered parking and storage units
• Ground Floor & Mezzanine Level : Show rooms and offices
• 1st Floor : Offices
• 2nd Floor : 3 Bedroom apartment
• 3rd & 4th Levels : 3 Bedroom penthouse with roof garden and swimming pool
• Equipped with the finest quality materials and finishes
• Ideal for investment and high ROI

The Project has EPC certificate with "B" Energy Efficiency Rating.