153m2 Office in Paphos, Cyprus No. 51634

153 sq.m.

Square

€ 867 000

€ 5 667 / 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

The complex integrates diverse facets of human life in one multifunctional complex. It celebrates the dynamic interplay of residential and commercial spaces within its architectural design.

Experience redefined urban living and cutting-edge offices.

The project seamlessly blends work, leisure and lifestyle at the heart of Paphos, offering prime sea and city views. The gated area includes storage and facilities like a restaurant and gym.

The residents will appreciate the convenience of being just a 2-minutes drive away from the city center and a mere 15 minutes from Paphos Airport.

Additionally, the residents will have access to a secure parking with 22 available slots, a swimming pool and a fully equipped gym.

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