2 bedrooms Penthouse in Livadia, Larnaka, Cyprus No. 57031

Bedrooms

78 sq.m.

Square

€ 315 000

€ 4 038 / 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

A small building of six apartments is arranged two to a floor across three levels. The plan is deliberately consistent: every home has two bedrooms, an interior of 77 m² to 78 m² and verandas of 21 m², so the difference between apartments comes down to elevation rather than layout.

The two third-floor apartments are the ones worth singling out. Each comes with a private roof garden — 48 m² for one and 57 m² for the other — which for homes of this size effectively adds a second living area in the open air.

Every apartment includes a storage room and a parking space.

The main features of the project and the units:

• six apartments, two per floor across three levels
• two-bedroom layouts with interiors of 77 m² to 78 m²
• verandas of 21 m² for every apartment
• private roof gardens of 48 m² and 57 m² for the third-floor apartments
• a storage room for every apartment
• a parking space for every apartment

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