2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 51419

Bedrooms

90 sq.m.

Square

€ 400 000

€ 4 444 / 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%

Parameters

Property Description

This residential building offers a collection of eight well-designed apartments, each featuring two bedrooms and two bathrooms. One of the units on the fourth floor also benefits from a private roof garden, adding an extra element of outdoor living.

Ideally positioned in the heart of Larnaca, the property enjoys a highly convenient location just a short walk from the beach, the well-known Finikoudes promenade, and the marina. The surrounding area provides easy access to a wide range of amenities, including international schools, restaurants, and commercial shops, making it suitable for both comfortable living and investment purposes.

The building combines practical layouts with a central location, ensuring residents can enjoy both accessibility and urban lifestyle benefits, with all key destinations just minutes away.

The main features of the project and the units:
• Eight apartments with two bedrooms and two bathrooms
• Apartment on the fourth floor with private roof garden
• Elevator
• Provision for heating
• Covered parking
• Storage
• Bright interiors
• City view
• Double glazing
• Easy access to highway
• Easy access to main roads
• Elevated position
• Near amenities
• Near bus route
• Roof garden

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