114m2 Office in Ypsonas, Limassol, Cyprus No. 58359

114 sq.m.

Square

+ 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

The first light-industrial development of its kind in Cyprus: a small-bay industrial estate format long established in the USA, Australia, the UK and Germany, designed for small and medium companies that want to own rather than rent their operating space. Each unit is offered freehold with an individual title deed — a hard asset that can serve as collateral for financing and protects the owner from rent inflation. The units are designed as dual-level workspaces. The ground floor — with an 8-metre clear ceiling for racking and equipment, a wide roller door for vehicle and forklift access, a 5 kN/m2 floor load and three-phase power — suits a wide range of uses: warehousing and storage, light manufacturing, trade showrooms, service workshops, distribution and logistics, deep-tech and R&D facilities. The built-in mezzanine turns each unit into a two-level space and accommodates an office or client-facing area, a WC with shower, a changing room and a kitchenette. Each unit comes with a covered parking area for two cars, and a rooftop photovoltaic option reduces daytime operating energy costs almost to zero. Adjacent units can be combined as the business grows. The estate is located in one of Limassol’s principal industrial zones, 15 minutes from the Port of Limassol and 0.7 km from the highway, on the main east–west arterial with two independent entrances, surrounded by an established ecosystem of logistics, trade, industrial and deep-tech companies. The first phase totals 5,600 m2, with an extension opportunity for a second phase of up to 11,000 m2 of new industrial space.

The main features of the project and the units:

• Freehold ownership with an individual title deed for each unit
• Dual-level layout: operations space on the ground floor plus a mezzanine for an office or client-facing area, WC with shower, changing room and kitchenette
• Suitable for warehousing and storage, light manufacturing, trade showrooms, service workshops, distribution and logistics, deep-tech and R&D
• 8 m clear ceiling height; 5 kN/m2 floor load
• Wide roller door for vehicle and forklift access; three-phase power
• Covered parking for 2 cars with each unit
• Rooftop photovoltaics option
• Adjacent units can be combined
• Two independent entrances to the estate

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

Features

Car park

Car park

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Features

Outdoor features

Car park

Car park

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