573m2 Office in Limassol, Cyprus No. 51877

573 sq.m.

Square

€ 4 500 000

€ 7 853 / 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 project is being designed on a concept of mixture of prime offices. Conference areas, informal areas and individual leasable workspaces, offering the upmost way of working and relaxation in a modern way.

Stunning advantage of the architecture, space and territory, exceptional offices interior design.

A cosmopolitan way of life awaits you outside your doorstep. Everything you need and more can be found within walking distance from this development: fine dining restaurants, resto-bars and cafes as well pharmacies, banks and other service providing institutions.

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