€ 3 700 000

€ 4 608 / 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%

803m2 Building in Livadia, Larnaka, Cyprus No. 56092

803 sq.m.

Square

IV quarter, 2025

Completion date

Parameters

Property Description

A beautifully designed residential building for sale consisting of 11 units, excellently located in the Livadia coastal region, on the Larnaca – Dekelia road, only 250m from the sea, probably the best real estate investment in Larnaca for capital appreciation.
King George Residence offers a great investment opportunity with high buy-to-rent potential. The area with high indicators of growth and near future development, is rapidly becoming a place of attraction for residents of Cyprus and foreign investors due to the new Larnaca Port and Marina Development project “Land of Tomorrow” and the multimillion investments in the coastal Larnaca-Dekelia road.
The project’s cul-de-sac positioning only a few meters from the sea, combines a peaceful relaxing vibe to its residents with easy access to all amenities such as shops, restaurants and shopping mall.
King George Residence comprises of 1- and 2-bedroom apartments. There are a total of 11 units positioned on 3 floors plus roof garden on a contemporary designed building with unique and modern architecture, offering luxurious and functional living spaces. Two of the top floor apartments enjoy private access to their individual roof garden with full sea view and barbecue area as well as an extra room and WC-shower and storage.
Lastly, the two top floor apartments will have net metering, a photovoltaic system, Jacuzzi bar, 3 phase electric power and provision for underfloor heating.