1030m2 Commercial property in Limassol, Cyprus No. 57378

1030 sq.m.

Square

€ 15 000 000

€ 14 563 / 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

The five-storey development consists of 5 contemporary offices with one on each floor, providing ample space and functional structures. Spacious layouts carefully thought out to compliment an effective professional working environment. Each office is designed with nothing but perfection in mind, carefully selected European brands and high standards of finish. The building will be offering 21 parking space.

The Project has EPC certificate with "A" Energy Efficiency Rating.