2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 57766

Bedrooms

Bathrooms

82 sq.m.

Square

€ 335 000

€ 4 085 / 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 stylish two-bedroom penthouse apartment offers 82 m² of bright and well-designed internal living space, complemented by a spacious covered veranda and a private roof garden with beautiful views of the Larnaca Salt Lake. The open-plan living, dining, and kitchen area creates a spacious and welcoming atmosphere, while large windows allow for plenty of natural light throughout. The property features two modern bathrooms, contemporary finishes, lift access, a private storage room in the covered parking area, and an additional storage room on the roof garden, providing excellent practicality and extra space.

The apartment forms part of an exclusive boutique development comprising just eight apartments within a modern three-storey building. Designed with quality, comfort, and functionality in mind, the project blends contemporary architecture with the character of the surrounding residential neighbourhood, offering privacy, comfort, and a relaxed lifestyle.

Ideally located in the prestigious Droshia area of Larnaca, the development is just 10 minutes from the city centre and only 5 minutes from Metropolis Mall. Residents enjoy easy access to supermarkets, schools, cafés, restaurants, pharmacies, and all everyday amenities, while the nearby motorway provides convenient connections across the island.

Just a few minutes' walk away is the newly developed Larnaca Salt Lake hiking trail, allowing residents to enjoy one of Cyprus' most beautiful natural landmarks. Part of the protected Natura 2000 network, the Salt Lake is famous for its stunning scenery, peaceful walking routes, and the spectacular flocks of flamingos that visit during the winter months, creating a unique setting for walking, jogging, cycling, and nature lovers.

Whether you are looking for a permanent residence, a holiday home, or an excellent investment opportunity, this exceptional penthouse combines modern living, generous outdoor space, and an outstanding location in one of Larnaca's most sought-after residential areas.

Under Construction – Estimated Completion: March 2027.