3 bedrooms Apartment in Limassol, Cyprus No. 57786

Bedrooms

Bathrooms

106 sq.m.

Square

€ 800 000

€ 7 547 / 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

An elegant three-bedroom apartment on the tenth floor of a landmark high-rise in the prestigious area of Limassol, offering panoramic views and an exceptional coastal lifestyle. The layout combines a spacious open-plan living and dining area with a kitchen, a master bedroom with an en-suite bathroom, two further bedrooms, a family bathroom and a guest WC, while a large covered veranda extends the living space outdoors.

The property comes with a private storage room on the ground floor and a covered parking space with exclusive right of use, and it is sold freehold with an individually registered title deed, clean and ready for transfer. Residents enjoy exclusive access to a communal swimming pool and a fully equipped gym. The location is moments from the seafront, international schools, luxury hotels, fine dining and premium lifestyle amenities, making it an excellent choice for both owner-occupiers and investors.

The main features:

• Three bedrooms, three bathrooms/WC (master with en-suite, family bathroom, guest WC)
• Elevation: tenth floor
• Enclosed internal area 106 m² and covered veranda 45 m²
• Spacious open-plan living and dining area with kitchen
• Panoramic views
• Private storage room of 4 m² on the ground floor
• One covered parking space with exclusive right of use
• Communal swimming pool and fully equipped gym
• Share of common property 2.75%
• Freehold with an individually registered title deed, ready for transfer

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