1 bedroom Apartment in Oroklini, Larnaka, Cyprus No. 57728

Bedrooms

Bathrooms

44 sq.m.

Square

€ 143 000

€ 3 250 / 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 new residential building in Larnaca brings together twenty one- and two-bedroom apartments across two residential levels. The ground floor is given over to shared facilities: a large communal swimming pool with changing rooms, plus a covered parking space and a private storage room allocated to every apartment.

Apartments on the first floor range from 49 to 84 m² and combine a living and dining area with an open kitchen, one or two bedrooms and a covered balcony. On the second floor the two-bedroom homes are laid out as penthouses — each has its own roof garden of 61 to 87 m², and the total area of these apartments reaches 171 m². A communal barbecue area is arranged at roof level.

Interiors are finished to a single standard throughout: ceramic tiles in all interior areas and on the balconies, techno-granite worktops in the kitchens and bathrooms, melamine wooden interior doors and fire-resistant entrance and staircase doors, European sanitary fittings and fixtures, and aluminium double-glazed windows, sliding or opening. The structure is an anti-seismic reinforced concrete frame with external walls of 25 cm thermally insulated brick, 8 cm polystyrene and a silicone top coat. Solar panels with a boiler supply hot water, photovoltaic panels are installed at roof level, and most rooms are prepared for air-conditioning installation.

Elevation: apartments are located on the first and second floors.

The main features of the project and the units:

• Communal swimming pool with changing rooms on the ground floor
• Private roof gardens of 61–87 m² for the second-floor two-bedroom apartments
• Communal barbecue area at roof level
• Covered parking space and a private storage room for every apartment
• One- and two-bedroom layouts, total areas from 49 to 171 m²
• Solar panels with a hot-water boiler and photovoltaic panels at roof level
• Provisions for air-conditioning installation in most rooms
• Anti-seismic reinforced concrete frame
• External walls of 25 cm thermally insulated brick with 8 cm polystyrene and a silicone top coat
• Ceramic tiles in all interior areas and on the balconies
• Techno-granite worktops in the kitchens and bathrooms
• Melamine wooden interior doors, fire-resistant entrance and staircase doors
• Aluminium double-glazed windows, sliding or opening
• Pipe-in-pipe or aluminium pex-al-pex plumbing with insulation

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