3 bedrooms Penthouse in Zakaki, Limassol, Cyprus No. 58674

Bedrooms

105 sq.m.

Square

€ 390 000

€ 3 714 / 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 private three-storey residential building of ten apartments in Zakaki, one of the fastest-growing districts of Limassol. The building offers one-, two- and three-bedroom layouts across three floors; the top-floor residences are laid out as penthouses with a private roof garden and a covered roof garden room. Covered ground-level parking gives every apartment its own space, with an additional accessible space beside the lift and staircase core, and every residence comes with a storage room.

The location puts everyday life within a few minutes: supermarkets, bakeries, restaurants, cafes, banks and private schools are all close by, while MyMall Limassol and City of Dreams Mediterranean are within a kilometre. Lady’s Mile beach is about two kilometres away, the port and the waterpark about two kilometres, and immediate highway access connects the building to the city centre and the rest of the island.

The main features of the project and the units:

• Photovoltaic panels for every apartment
• Cooling and heating systems installed in every residence
• High ceilings
• Smart-home ready technology provisions
• Electric vehicle charging infrastructure
• Covered parking space and storage room with every apartment
• Accessible parking space beside the lift and staircase core
• Top-floor penthouses with a private roof garden and a covered roof garden room
• Premium materials and finishes

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