238m2 Shop in Limassol, Cyprus No. 53073

238 sq.m.

Square

€ 1 100 000

€ 4 622 / 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 mixed-use project is set in the centre of Limassol, right next to the Ajax Hotel, with every convenience close at hand — banks, schools, shops and hotels, including the Alphamega supermarket and Jumbo store. The highway is just 3 minutes away, and the beach is within a 7–8 minute walk.

The project combines residential and commercial properties: five apartments with 2 and 3 bedrooms and commercial shops on different levels, ranging from 60 m² to 100 m². A 3-bedroom apartment of 99 m² is offered on the 1st floor: it comes semi-furnished, with 3 bathrooms, a balcony and a covered parking space, while the building is equipped with an elevator and an alarm system.

The commercial area of 238 m² is sold as a whole, with exclusive access and a private lift, 5 covered parking spaces, a storage room and two extra areas of 160 m² with big potential for extension. A big discount is offered when buying the residential and commercial properties together.

The main features of the project and the units:

• Residential and commercial properties in one project
• 5 apartments with 2 and 3 bedrooms
• Commercial shops on different levels, from 60 m² to 100 m²
• 3-bedroom apartment of 99 m² on the 1st floor
• 3 bathrooms
• Semi-furnished
• Balcony
• Covered parking
• Elevator
• Alarm system
• Commercial area of 238 m² sold as a whole, with exclusive access and a private lift
• 5 covered parking spaces for the commercial area
• Storage room
• Two extra areas of 160 m² with potential for extension
• Discount when buying the residential and commercial properties together
• 3 minutes to the highway, 7–8 minutes' walk to the beach
• Banks, schools, shops and supermarkets nearby

The project has an EPC certificate with "A" energy efficiency rating.