4 bedrooms Villa in Oroklini, Larnaka, Cyprus No. 58455

Bedrooms

Bathrooms

178 sq.m.

Square

€ 450 000

€ 2 528 / 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

Two detached two-storey villas in a tranquil neighbourhood of Oroklini, on the north-eastern outskirts of Larnaca, about 1,000 metres from the blue-flag beach and the tourist area of Oroklini. Each villa offers 178 m2 of house on a 275 m2 plot with a private garden, four bedrooms and three bathrooms, with living areas on the ground floor and bedrooms on the first floor. The houses are built with high-quality materials and finishes and meet the highest EU standards of energy efficiency, which keeps energy consumption and running costs low. Supermarkets, bakeries and schools are nearby; Larnaca city centre is a 10-minute drive, the international airport 15 minutes, and Nicosia and Protaras about 45 km away.

The main features of the project and the units:

• Only two villas in the project
• Private garden with every villa (275 m2 plot)
• Four bedrooms and three bathrooms on two levels
• High EU energy-efficiency standard
• 1,000 m from the blue-flag beach and the tourist area of Oroklini
• 10 minutes to Larnaca city centre, 15 minutes to the airport

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