€ 2 300 000

€ 2 244 / 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%

12 bedrooms Building in Zakaki, Limassol, Cyprus No. 53475

Bedrooms

Bathrooms

1025 sq.m.

Square

IV quarter, 2021

Completion date

Parameters

Property Description

Residential Building for Sale in Zakaki, Limassol
A modern new residential building (2021) located in the rapidly developing area of Zakaki, Limassol, just minutes from the City of Dreams Mediterranean Casino Resort, My Mall Limassol, and the city center.
Property Overview:
The development consists of spacious 6 2-bedroom apartments, each offering:
• 82 sqm Internal Covered Area
• 22.92 sqm Covered Verandas
• 11.52 sqm Covered Parking Space
• 3.66 sqm Private Storage Room
Penthouse Apartments 301 & 302 additionally benefit from exclusive 33.77 sqm private roof gardens each, providing the perfect space for outdoor entertaining, relaxation, and enjoying panoramic views.
– Covered ground floor area 237 sqm. Total Building 1025 sqm.
– Elevator (8-person capacity)
– City views
Key Features:
– Energy Efficiency Class A+
– Photovoltaic system for common areas and top-floor apartments
– Thermal insulation system on all external facades
– Provision for underfloor heating
– Air-conditioning units
– Solar water heating system
– Provision for electric vehicle charging
Furniture and electrical appliances are included
All apartments are rented.
• Investment Opportunity with Immediate Return
• No Renovation Required