4 bedrooms Villa in Agios Tychonas, Limassol, Cyprus No. 57787

Bedrooms

210 sq.m.

Square

€ 1 000 000

€ 4 762 / 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 rare opportunity at one of Limassol’s most prestigious seaside addresses: an unfinished two-storey house within an exclusive gated estate, offered with registered building rights for a permitted enclosed area of 200 m². The concrete shell is already completed, leaving the buyer free to finish the residence to their own taste. Per the original specification, the design provides four bedrooms with sea views, 210 m² of internal space, 85 m² of covered and 240 m² of uncovered verandas on a generous plot of 2,144 m².

The design further includes a private swimming pool of 50 m² and covered parking of 85 m², double-glazed windows with electric shutters, a solar system for hot water and a landscaped garden with mature trees and automatic irrigation; a children’s playground and everyday amenities are nearby. The share of the common property is 9.25%, and the lot carries a separate freehold title deed.

The main features of the project and the units:

• Four bedrooms with sea views (per the original specification)
• Two-storey concrete shell completed; permitted enclosed area 200 m²
• Internal area 210 m², covered verandas 85 m², uncovered verandas 240 m²
• Plot of 2,144 m²
• Private swimming pool of 50 m²
• Covered parking of 85 m²
• Double-glazed windows and electric shutters
• Solar system for hot water
• Landscaped garden with mature trees and automatic irrigation
• Exclusive gated seaside estate
• Share of common property 9.25%
• Separate freehold title deed

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

Features

Private pool

Car park