317m2 Commercial property in Limassol, Cyprus No. 52332

317 sq.m.

Square

€ 2 250 000

€ 7 098 / 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

A modern urban retreat in central Limassol. The project is just steps away from schools, shops, restaurants and everyday amenities. With quick access to main avenues and the coastline, it offers the ideal balance of convenience and city comfort.

The development consists of 1-bedroom apartments and a 3-bedroom penthouse with private roof garden. The properties combines quality finishes, privacy and practical spaces, making it perfect for both homeowners and investors. A thoughtful place to live and to belong in the heart of Limassol.

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