2 bedrooms Penthouse in Oroklini, Larnaka, Cyprus No. 58454

Bedrooms

Bathrooms

72 sq.m.

Square

€ 230 000

€ 3 194 / 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 two-storey residential building of eight comfortable, modern apartments in Oroklini, on the north-eastern outskirts of Larnaca, a short distance from supermarkets, schools and other services; the beach is five minutes away and the airport fifteen. The contemporary design with an HPL facade puts the emphasis on detail and the privacy of residents. The ground floor is given over to covered parking and storage rooms — one of each for every apartment; the first and second floors each hold two two-bedroom and two one-bedroom apartments with covered verandas. The two second-floor two-bedroom apartments have private roof gardens of 82 and 83 m2 with a mechanical room. The building is designed to energy class A+ and built to a high construction standard, with a lift and two entrances.

The main features of the project and the units:

• Private roof gardens of 82 and 83 m2 with the top-floor apartments
• Sea view
• Covered parking space and storage room with every apartment
• One- and two-bedroom apartments with covered verandas
• Lift; contemporary HPL facade
• 5 minutes to the beach, 15 minutes to the airport

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