€ 3 700 000

€ 5 039 / 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%

734.25m2 Commercial property in Livadia, Nicosia, Cyprus No. 51991

734.25 sq.m.

Square

Parameters

Property Description

The building is situated in one of the most strategic and up-and-coming coastal areas of Larnaca, in Livadia. The location is truly privileged, tucked away in a quiet cul-de-sac just 250 meters from the sea. A major advantage of this spot is its proximity to the ambitious "Land of Tomorrow" project and the new Larnaca Marina, promising high capital appreciation. Within walking distance, you will find the American University of Cyprus, shopping malls, restaurants, and all essential services, while the city center and the Finikoudes promenade are just a 5-minute drive away.

This is a contemporary and luxurious 3-story residential building, representing an ideal investment opportunity with high rental yield potential. The development consists of a total of 11 modern apartments, designed with unique architecture that blends high aesthetics with functionality. It is Energy Class A certified, built to the highest market standards, features a state-of-the-art elevator with key-card access, and offers an environment of total peace and privacy.

The complex comprises 1 and 2-bedroom apartments with spacious verandas and comfortable living areas. The price includes all modern specifications: a solar water heater, a water pressure system, video intercom, as well as covered parking spaces and storage rooms for each unit. The top-floor apartments enjoy the exclusive benefit of a private roof garden with panoramic sea views, a barbecue area, a Jacuzzi, and an extra room. Furthermore, among the exclusive privileges for the top-floor residents is that their apartments will be equipped with photovoltaic systems (net metering) and will include provisions for underfloor heating, offering a complete and luxurious living experience.