2 bedrooms Penthouse in Limassol, Cyprus No. 57395

Bedrooms

Bathrooms

86 sq.m.

Square

€ 759 000

€ 8 826 / 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

This new residential development is located in the sought-after tourist area of Germasogeia in Limassol, just 800 metres from the Mediterranean Sea. The complex comprises 14 one- and two-bedroom apartments with comfortable, functional and spacious layouts, planned in detail for everyday convenience.

A standout feature of the homes is the underfloor heating installed throughout the apartments, complemented by a private photovoltaic solar system for greater energy efficiency. Each apartment is finished to a high standard with quality tiles and sanitary ware, high-quality kitchens and finishing materials, floor-to-ceiling built-in wardrobes, high ceilings and carefully considered lighting.

Residents enjoy a large outdoor swimming pool with a barbecue area and a gym, while every apartment comes with its own parking space and storage room. The top-floor penthouses additionally benefit from private roof gardens.

The main features of the project and the units:

• Underfloor heating throughout the apartments
• Large outdoor swimming pool with a barbecue area
• Gym
• Private photovoltaic (solar) system
• Private parking space for every apartment
• Storage room for every apartment
• Floor-to-ceiling built-in wardrobes and high ceilings
• Private roof gardens on the top-floor penthouses
• 800 metres from the sea

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