1 bedroom Apartment in Paphos, Cyprus No. 58380

Bedrooms

Bathrooms

49 sq.m.

Square

€ 360 000

€ 7 347 / 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 new-format mixed-use complex on one of the main avenues of Paphos — in the heart of the city, yet away from the tourist bustle. The development combines residential blocks with one- and two-bedroom apartments with commercial spaces, wellness infrastructure, sports facilities and family areas within a private, car-free inner territory. One-bedroom residences suit professionals, couples and investors; two-bedroom residences are designed for families and long-term living. Top-floor penthouses come with private terraces and sea views. All apartments are delivered turnkey finished, with spacious verandas, VRF air conditioning by LG, covered parking for each apartment, provision for EV charging and provision for photovoltaics. Optional furniture packages are available. The developer projects an annual ROI of 8%+ with a contractual guaranteed yield of 6%.

The main features of the project and the units:

• Provision for underfloor heating (option)
• Resort-style central pool with a children’s zone (chlorine-free) and a rooftop infinity pool
• Spa area of 111 m2 with sauna, hammam and massage rooms; fitness centre of 93 m2
• Padel court, restaurant, offices and co-working spaces
• 24/7 concierge service and laundry on site
• Covered parking, provision for EV charging and photovoltaics
• City, pool and sea views depending on the unit

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

Features

Car park

1 Bedrooms

49 sq.m.

+ VAT

1 Bedrooms

1 Bathrooms

49 sq.m.

+ VAT

1 Bedrooms

1 Bathrooms

49 sq.m.

+ VAT

1 Bedrooms

1 Bathrooms

49 sq.m.

+ VAT