€ 310 000

€ 3 735 / 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 Larnaca, Larnaka, Cyprus No. 51222

Bedrooms

Bathrooms

83 sq.m.

Square

Parameters

Property Description

Contemporary Living in the sought after neighbourhood of Phaneromeni.

Introducing an exclusive new residential project ideally located in the highly sought-after area of Phaneromeni. This modern apartment block has been thoughtfully designed to combine elegant architecture, premium specifications, and an exceptional lifestyle setting.

The development comprises eleven stylish residences, offering a selection of one, two, and three-bedroom apartments. Each home features spacious open-plan living areas, generous balconies and high-end finishes, ensuring comfort, functionality and refined modern living.

Prime Location :

Just 100 meters from the Salt Lake and Nature Reserve Park

5-minute drive to Metropolis Mall (approx. 2 km)

5-minute drive to St. Lazarus Church and Mackenzie Beach

Close to the city center and all amenities

Near educational institutions

10-minute drive to Larnaca International Airport

Key Features

Smart Home technology
Energy Efficiency Class A
Underfloor heating and heated towel rails in all bathrooms
Italian-brand concealed sanitary ware and showers
Made-to-measure mosquito nets
Photovoltaic systems for all penthouses and communal areas
RO water filtration system for drinking water
Water softening system

Electrical Installation & Specifications

Smart Control System (aligned with provisions for):
Lighting and dimmer switches
Smart TV connectivity
Music surround system
Electric blinds
Shutter Rolex blinds
Oven & hob
Air-conditioning units
Smart intercom system for each apartment
Telephone and TV provisions in all bedrooms
Superior quality lighting in all balconies
Common antenna for Cypriot channels
Fiber-optic internet connection
Provision for electric vehicle charging
Photovoltaic system for penthouses and common areas

5 Year Warranty applies to exterior renders
3 Year Warranty applies to the internal technical specifications

This exceptional development is ideal for private residence or investment, offering contemporary comfort, advanced technology, and a prime location in one of Larnaca’s most desirable neighborhoods.