€ 1 590 000

€ 3 232 / 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%

492m2 Commercial property in Livadia, Nicosia, Cyprus No. 51988

492 sq.m.

Square

Parameters

Property Description

The project is situated in one of Larnaca’s most rapidly developing and sought-after areas, Livadia. The location is truly privileged, as the building is tucked away in a quiet cul-de-sac next to a green area, offering the peace and warmth of a true neighborhood while being just minutes away from the sea. A major advantage of this spot is its proximity to the new Larnaca Port and Marina, a project that is significantly boosting property values in the region. Within very close proximity, you will find the American University of Cyprus, schools, and all essential amenities, while the city center and Finikoudes promenade are just a 5-minute drive away.

This is a modern and elegant three-story residential building, representing a rare investment opportunity as it is available for sale as a whole block. The development consists of a total of 6 two-bedroom apartments, with only two units per floor, ensuring maximum privacy and tranquility. The design is contemporary and functional, featuring a south-facing orientation that fills all living spaces with natural light. The construction quality is top-tier, featuring high-specification elevators and materials that ensure excellent energy efficiency.

Each apartment offers two comfortable bedrooms and spacious south-facing verandas, providing an ideal living environment. The price includes all modern amenities: a solar water heater, a water pressure system, as well as an allocated covered parking space and a private storage room for each unit. The top-floor apartments enjoy the exclusive benefit of a large, individual roof garden with a BBQ area, an extra room, and an additional bathroom. Furthermore, these penthouse units are equipped with photovoltaic systems (net metering), making the building an exceptionally attractive solution for high-yield rental or resale.