€ 6 600 000

€ 4 421 / 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%

1493m2 Building in Agios Athanasios, Limassol, Cyprus No. 55326

1493 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

Property Description

Technical Specifications:
A new project is in understudy for a three-floor residential building consisting of 12 apartments.
Each floor will have 4 apartments of 3 bedrooms consisting of 96m² living areas + 21m² verandas + 2m² storage + 15m² covered parking.
Located in a quiet neighborhood with easy access to the highway with all amenities nearby.
In a walking distance from primary and high schools both public and private.
Energy Efficiency “A”
Free: Solar panels
German external thermal insulation is applied to the outside of the building after it has been plastered in two coats!
German thermal insulation!
Thermal insulation on blocks and windows!
Apartment Specifications:
APARTMENT 101: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par) + Studio 24m2
APARTMENT 102: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par) + Studio 22m²
APARTMENT 103: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par) + Studio 22m²
APARTMENT 104: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par)
APARTMENT 201: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par)
APARTMENT 202: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par)
APARTMENT 203: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par)
APARTMENT 204: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par )
APARTMENT 301: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par)+Studio 37m² + R.G. 40m²
APARTMENT 302: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par)+Studio 37m² + R.G. 40m²
APARTMENT 303: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par)+Studio 37m² + R.G. 40m²
APARTMENT 304: 3 Bedrooms 138m2 Covered Areas (95 living +25 Veranda +3 Storage +15 Par)+Studio 37m² + R.G. 40m²
Note:This property offers exceptional potential for conversion into a hotel or serviced apartments, complete with premium
amenities such as a pool, gym, and more. An ideal investment opportunity in a prime location!