83m2 Office in Paphos, Cyprus No. 57874

83 sq.m.

Square

€ 580 000

€ 6 988 / 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 five-storey office complex in Paphos, central area of the town.

Floors one to four hold 27 office units, most of them with a covered veranda, while the ground floor is taken by a shop with its own mezzanine, covered veranda and basement storage.

Every unit comes with two or three parking spaces of its own - 77 spaces in total across the basement and ground-level car parks. A lift serves all levels, and planted terraces run along the facade.

The Project has EPC certificate with "A" Energy Efficiency Rating.

Features

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 981

Apartment (1 bedroom) Outside of Centre

€ 875

Apartment (3 bedrooms) in City Centre

€ 1 863

Apartment (3 bedrooms) Outside of Centre

€ 1 671

Buy Apartment Price

Price per square metre in the city centre

€ 3 890

Price per square metre outside the city centre

€ 2 229