88m2 Office in Paphos, Cyprus No. 57891

88 sq.m.

Square

€ 720 000

€ 8 182 / 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

88 sq.m.

+ VAT

88 sq.m.

+ VAT

88 sq.m.

+ VAT

88m2 Office in Larnaca, Larnaka, Cyprus No. 48511

88 sq.m.

+ VAT