4 bedrooms Penthouse in Acropolis, Strovolos, Nicosia, Cyprus No. 58682

Bedrooms

Bathrooms

161 sq.m.

Square

€ 644 000

€ 4 000 / 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 five-storey residential building with eleven apartments in one of the central districts of Nicosia, within easy reach of the city centre, main roads and public transport. The layouts range from one-bedroom apartments to a four-bedroom penthouse on the fifth floor with its own roof garden and swimming pool. Every apartment comes with a covered parking space and a private storage room, premium finishes and a smart home system.

The main features of the project and the units:

• One-, two- and three-bedroom apartments and a four-bedroom penthouse
• Penthouse with a private roof garden and swimming pool
• Covered parking space for every apartment (two for the larger units)
• Private storage room for every apartment
• Smart home technology
• Premium finishes
• Plot of 635 m²

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