2 bedrooms Apartment in Oroklini, Larnaka, Cyprus No. 53257

Bedrooms

Bathrooms

86 sq.m.

Square

€ 395 000

€ 4 593 / 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

Located in a sought-after area of Livadia, this boutique development comprises just six luxury two-bedroom apartments, set only 200 meters from the seafront. It enjoys close proximity to the American University and the Larnaca Nautical Club. Everyday conveniences are all within a short drive: the beach and the university are about a minute away, schools and the city center around five minutes, the hospital roughly eight minutes, and the airport about fifteen minutes.

Each apartment offers 86 m² of covered area together with 21 m² of verandas and two bathrooms. Every home also benefits from its own parking bay and a storage room on the ground floor. The top-floor apartments are further enhanced by a generous 30 m² roof garden.

With its specification, features and location, this is an ideal choice for anyone seeking a comfortable lifestyle, a holiday home, or a rewarding rental return.

The main features of the project and the units:

• Boutique development of only six two-bedroom apartments
• 86 m² of covered area per apartment
• 21 m² of verandas
• Two bathrooms
• Private parking bay
• Storage room on the ground floor
• 30 m² roof garden for the top-floor apartments
• 200 meters from the seafront
• Close to the American University and the Larnaca Nautical Club
• Within minutes of the beach, schools, city center, hospital and airport

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