2 bedrooms Apartment in Limassol, Cyprus No. 51674

Bedrooms

78 sq.m.

Square

€ 370 000

€ 4 744 / 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

Positioned on a prime corner plot in the heart of Limassol, this three-storey residential building celebrates light, openness, and thoughtful design. The architecture brings together clean contemporary lines with warm natural materials — stone cladding, timber accents, and floor-to-ceiling glazing — creating a façade that is both striking and welcoming. Generous covered balconies and landscaped green zones soften the urban setting, blurring the boundary between indoors and out.

The building comprises eight apartments across three floors, offering a considered mix of one-, two-, and three-bedroom layouts to suit a variety of lifestyles. On the first and second floors, each level accommodates three apartments: two well-appointed two-bedroom units featuring two bathrooms, an open kitchen, and a spacious living and dining area with a large light-filled balcony, alongside one one-bedroom apartment — a compact and elegant retreat for those who value city living at its finest. Every apartment on these floors comes with a covered parking space and a private storage room.

The third floor takes the concept further, offering two premium apartments with their own private roof gardens. One is a generous three-bedroom residence with four bathrooms, an open kitchen, living and dining areas, large balconies, a terrace, and a private roof garden of 75 m². The other is a two-bedroom apartment with two bathrooms, living and dining areas, an angled balcony, and a private roof garden of 47 m². Both third-floor apartments also include covered parking and storage.

The location is exceptionally well connected: the beach is just 1 km away (4 minutes by car), banks and shops within easy reach, a school only 120 m on foot, and Limassol city centre accessible within minutes. The building sits close to Agios Nikolaos roundabout, placing residents at the crossroads of everything the city has to offer.

The main features of the project and the units:

• 3-storey residential building
• 8 apartments: 1-, 2-, and 3-bedroom layouts
• 1st and 2nd floor: 2 two-bedroom apartments (2 bathrooms, open kitchen, large balcony) + 1 one-bedroom apartment per floor
• 3rd floor: 3-bedroom apartment (4 bathrooms, terrace, roof garden 75 m²) and 2-bedroom apartment (2 bathrooms, roof garden 47 m²)
• All apartments include covered parking and private storage
• Unit total areas from 74.5 to 263 m²
• Beach 1 km, school 120 m on foot, shops and banks within minutes
• Prime corner location in central Limassol, near Agios Nikolaos roundabout

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