106m2 Shop in Strovolos, Nicosia, Cyprus No. 54587

106 sq.m.

Square

€ 450 000

€ 4 245 / 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 consists of 3 bedroom apartments featuring large verandas as well as the space for 2 shops.

The project is situated in the area of Strovolos, Nicosia, in close proximity to all the necessary daily amenities. The building will have a remote access main entrance, automated parking gates. Each apartment as well as the commercial spaces will have allocated storage rooms and the parking place.

Other features:

• Open floor plan
• En-suite master bedroom
• Designer Kitchen
• Underfloor Central Heating (heat pump)
• Photovoltaic System (provision)

The Project has EPC certificate with "B+" Energy Efficiency Rating.