2 bedrooms Apartment in Geroskípou, Paphos, Cyprus No. 58762

Bedrooms

Bathrooms

85 sq.m.

Square

€ 294 000

€ 3 459 / 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 eleven apartments in a gated setting on the eastern side of Paphos, between the city centre and Geroskipou. The first and third floors hold two-bedroom apartments with two bathrooms, the second floor two- and three-bedroom apartments, the largest with covered verandas of up to 35 m². Every apartment comes with a storage room and a parking space, and the building has modern elevators and landscaped communal areas. The homes are designed around Mediterranean light, with living areas opening onto the verandas.

Construction is reinforced concrete to seismic standards with 8 cm external thermal insulation, aluminium frames with double low-emissivity glazing, ceramic tiling in bathrooms and kitchens, oven-painted MDF doors, wardrobes and kitchen cabinets, and granite or engineered-stone kitchen worktops. Air conditioning is installed in the living room and bedrooms, a solar water heater and a pressure-boost system are included, radiator heating is pre-wired, and a photovoltaic system serves the common areas. Groceries are 200 m away, a public school 1 km, the town centre 3.5 km, the beach 3 km and the airport 13 km.

The main features of the project and the units:

• Two- and three-bedroom apartments with two or three bathrooms
• Covered verandas up to 35 m²
• Storage room and parking space for every apartment
• Gated complex with landscaped communal areas and elevators
• Air conditioning in all rooms, solar water heater, pressure-boost system
• Provision for electric radiators and for an EV charger
• Photovoltaic system for the common areas
• Double low-emissivity glazing and 8 cm external thermal insulation
• Beach 3 km, town centre 3.5 km, airport 13 km

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

Features

Storage room

Car park

2 Bedrooms

2 Bathrooms

85 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

85 sq.m.

+ VAT

2 Bedrooms

85 sq.m.

+ VAT

2 Bedrooms

85 sq.m.

+ VAT