Land in Kouklia, Paphos, Cyprus No. 58159
€ 19 350 000
+ VAT
+ 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.
Parameters
Property Description
This is development land on a scale rarely offered on the island: 129,498 m² of building land with a building density of approximately 77,000 m² and capacity for more than eight hundred residences. A parcel of this size is not a building plot but a masterplan — an entire neighbourhood to be created from open ground.
A concept study has been prepared and goes well beyond a layout of houses. It sets out 924 apartments, villas and maisonettes across seven defined areas, each conceived as its own phase — which allows the scheme to be built and financed in stages rather than all at once. The study includes seven communal swimming pools, sixteen villas with private pools, a sports centre, an entertainment centre, a commercial area and a clubhouse. Infrastructure is attached to the site and the land is ready for development.
Kouklia is a traditional village sixteen kilometres from Paphos town, and the setting carries weight of its own: this is the land of Palaepaphos and the sanctuary of Aphrodite, surrounded by open countryside with views over it and the sea. Practical distances are short — eight minutes to the beaches, ten to Paphos International Airport, fifteen to the tourist area — and 18-hole championship golf courses lie nearby, while the village square covers everyday services.
The main features:
• Building land of 129,498 m²
• Building density of approximately 77,000 m²
• Capacity for 800+ residences
• Concept study for 924 apartments, villas and maisonettes
• Seven defined areas allowing phased development
• Seven communal swimming pools in the study
• Sixteen villas with private swimming pools in the study
• Sports centre, entertainment centre, commercial area and clubhouse
• Infrastructure attached to the site
• Sea and countryside views
• 8 minutes to the beaches, 10 to the airport, 15 to the tourist area
• 18-hole championship golf courses nearby
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