2 bedrooms Apartment in Aradippou, Larnaka, Cyprus No. 58458

Bedrooms

Bathrooms

76 sq.m.

Square

€ 195 000

€ 2 566 / 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 three-storey residential building of eight apartments in Aradippou, in the north-western area of Larnaca. The first floor has two two-bedroom apartments and one one-bedroom apartment; the second floor has three two-bedroom apartments; the third, top floor has two two-bedroom apartments with large roof gardens of 40 and 45 m2 and covered verandas of 24 m2. The building is designed to energy class A: an external thermal insulation system with 8 cm graphite polystyrene, roof insulation, first-quality PVC windows with double glazing, a 200-litre solar water heater in every apartment and photovoltaic systems — 2.25 kW for the two-bedroom apartments, 1.35 kW for the one-bedroom apartment and 2.7 kW for the common areas, reducing electricity costs. Every apartment has a covered parking space and a storage room; the building has a European-made elevator, a video entry system and landscaped green areas. Interiors include ceramic floors, granite kitchen worktops, melamine kitchens and wardrobes, fire-rated entrance doors, provision for air conditioning in every room and the living area, laminated glass balustrades on the front verandas, and internet, telephone and TV points in each bedroom and the living room.

The main features of the project and the units:

• Energy class A: external thermal insulation, roof insulation, double-glazed PVC windows
• Photovoltaic system with every apartment (2.25 kW for two-bedroom, 1.35 kW for one-bedroom) and 2.7 kW for the common areas
• 200-litre solar water heater in every apartment
• Top-floor apartments with roof gardens of 40 and 45 m2
• Covered parking space and storage room with every apartment
• Provision for air conditioning in every room; video entry system; elevator
• Granite kitchen worktops, ceramic floors, laminated glass balustrades

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