2 bedrooms Apartment in Limassol, Cyprus No. 52841

Bedrooms

110 sq.m.

Square

€ 800 000

€ 7 273 / 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

The project is conveniently located within walking distance to all necessary city amenities as well as the beach.

The development features a modern 5-storey building with 12 spacious one, two and three bedroom apartments and penthouses with private pools on the roof terraces. The common facilities include a swimming pool, barbecue area, covered and uncovered parking areas, storage area, an electric vehicle charging point and green areas.

The complex benefits from secure gated entrance and video intercom entry system to all units. Each apartment has a storage room and a parking space, while the penthouses have 2 parking spaces. The large verandas and rooftop terraces provide beautiful views to the mountains and the city.

Other specifications:

• Photovoltaic electricity producing system
• High ceilings
• Built-in wardrobes and kitchens (manufactured in Italy)
• VRV air conditioning system
• Underfloor water heating system
• Aluminium double glazed windows of a high thermal and sound insulation

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