1 bedroom Penthouse in Mesa Geitonia, Limassol, Cyprus No. 57912

Bedrooms

51 sq.m.

Square

€ 329 000

€ 6 451 / 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 development consists of 11 apartments in the central Limassol, a five-minute walk from Makarios Avenue and its shops, restaurants and offices. The neighbourhood sits close to the city's main hospitals and schools and continues to densify with new-build stock alongside established housing.

The building offers studio, one-bedroom, two-bedroom and three-bedroom apartments across three floors above a ground-floor parking level, each with a covered veranda. Third-floor units add private roof gardens, and every apartment comes with an allocated covered parking space and a private storage room. The mix suits owner-occupiers looking for family-sized space in a central, walkable location as well as buy-to-let investors targeting the smaller unit types.

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

Features

Storage room

Car park