3 bedrooms Penthouse in Limassol, Cyprus No. 57080

3

Bedrooms

101 sq.m.

Square

+ 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 boutique, single-block building of just eight apartments rises over three floors in a quiet, central part of Limassol. On one side it looks out over the greenery of a neighbouring tennis club, on the other over the city, keeping the address calm while everyday life stays close: the town centre, schools, banks and shops are within walking distance, and the marina, MyMall and the City of Dreams casino resort are a short drive away.

The mix runs across one-, two- and three-bedroom apartments, each planned to stand on its own like a private residence, with generous cupboard space, spacious terraces and greenery wrapped around the building. The top-floor three-bedroom penthouse is the highlight of the project: about 101 m² of interior open onto a covered veranda and a private roof garden of roughly 81 m² — an outdoor room for dining, sunbathing and evening views across Limassol.

The building is constructed to the European anti-seismic code with A-grade thermal insulation and a full waterproofing system. Bedrooms are finished in laminate parquet, while kitchens, bathrooms and verandas are laid in quality ceramic tiling. Solar-powered common areas keep shared running costs low, and every apartment has its own solar water heater, a private parking space, provision for electric-car charging and for air-conditioning; selected apartments also include a private storage room.

The main features of the project and the units:

• one-, two- and three-bedroom apartments
• a boutique single-block building with only eight residences across three floors
• a top-floor three-bedroom penthouse with a private roof garden of about 81 m²
• spacious terraces and generous cupboard space
• European anti-seismic construction with A-grade thermal insulation and waterproofing
• laminate parquet in bedrooms and quality ceramic tiling in kitchens, bathrooms and verandas
• solar-powered common areas and a private solar water heater for every apartment
• a private parking space and provision for electric-car charging for every apartment
• a private storage room for selected apartments
• a quiet central location within walking distance of the town centre, schools, banks and shops
• a short drive from the marina, MyMall and the City of Dreams casino resort

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

Features

Car park

Car park

Statistics

€ 4 788

Price per sq.m.

158

Quality of Life Index

66

Cost of Living Index

Choose a city for comparison

Parameters

Limassol

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 1 454

Apartment (1 bedroom) Outside of Centre

€ 1 225

Apartment (3 bedrooms) in City Centre

€ 2 337

Apartment (3 bedrooms) Outside of Centre

€ 1 835

Buy Apartment Price

Price per square metre in the city centre

€ 4 788

Price per square metre outside the city centre

€ 3 524

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Features

Outdoor features

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