2993m2 Commercial property in Limassol, Cyprus No. 58723

2993 sq.m.

Square

€ 8 000 000

€ 2 673 / 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

Perched on a hillside with sweeping views of the city and the Mediterranean, this residential development offers a rare blend of tranquility and urban convenience. Set within a sought-after neighborhood known for its cluster of internationally acclaimed private schools, the project is suitable for families prioritizing education alongside first-class medical facilities and everyday amenities just moments away.

The low-density, gated community features a limited collection of thoughtfully designed apartments, primarily two-bedroom layouts, built to European standards of quality and craftsmanship. Interiors showcase premium ceramic tiling, engineered wood flooring, European sanitary ware, double-glazed thermally insulated windows, and Italian-crafted kitchen cabinetry, all under generously high ceilings that create an expansive sense of space.

Sustainability meets smart living through facade-integrated photovoltaic systems, branded central air conditioning, and smart parcel delivery lockers, complemented by dedicated charging points for electric vehicles. Residents also enjoy a private gym, a children's play area, and beautifully landscaped private gardens.

Just minutes from the coast, vibrant town center, and marina, this is a residence designed for families seeking an exceptional environment for their children's future - and for investors seeking a premier asset with lasting value.

The Project has EPC certificate with "A" Energy Efficiency Rating.