1 bedroom Penthouse in Dromolaxia, Larnaka, Cyprus No. 57119

1

Bedrooms

2

Bathrooms

48 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 residential apartment complex is coming soon to the Dromolaxia area in Larnaca, offering convenient access to the airport, coastline, and a range of everyday services. Located just minutes from Larnaca Airport and Mackenzie Beach, the development is surrounded by schools, supermarkets, shops, and restaurants, making it well-situated for both daily living and travel.

The project consists of two floors and includes a total of eight apartments—four with two bedrooms and four with one bedroom. All units feature generous interior layouts, large covered verandas, private parking, and dedicated storage rooms on the ground floor.

Each apartment is equipped with photovoltaic systems for energy generation. Additional features include modern kitchens with Italian ceramic surfaces, premium aluminium window frames, and provisions for electric vehicle charging. Residents will also benefit from a security system, intercom access, and electric security gates.

Select units include access to private roof gardens with aluminium pergolas, barbecue areas, and jacuzzi provisions. The building and garden will be maintained free of charge for the first year.

The main features of the project and the units:

• Residential complex with 8 apartments (4 one-bedroom, 4 two-bedroom)
• Two-storey building in Dromolaxia, Larnaca
• 2.9 km from Larnaca Airport (6 minutes)
• 5.7 km from Mackenzie Beach (8 minutes)
• Immediate access to schools, shops, and amenities
• Covered verandas in all apartments
• Photovoltaic systems for energy production
• Kitchens with Italian ceramic finishes and European fittings
• Premium aluminium frames for insulation and efficiency
• Electric security gates, intercom, and alarm system
• Roof gardens with private access, pergolas, BBQ areas, jacuzzi provision
• Provision for EV charging in parking areas
• Private storage rooms on the ground floor
• Free maintenance for building and garden (first year)
• Dedicated parking for each unit

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

Features

Storage room

Storage room

Car park

Car park

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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