3 bedrooms Penthouse in Mesa Geitonia, Cyprus No. 40699
ID40699
$ 680 727
Property description
Reference ID: #SA33766Price details: €650,000Located in the prestigious residential area between Panthea & Agia Phyla Heights, over the Mediterranean Hospital and only 1 km from the Highway and roundabout of Agia Fyla, the building is only a few minutes away from the heart of Limassol and at the same time it enjoys the advantages of a tranquil and peaceful environment.Building designed is giving great emphasis in indoor comfort and functionality as well as big verandas from which its residence will be able to enjoy the spectacular city and sea view. Each apartment has its own covered parking space and private store room.Project status Under Construction Delivery 14 months - August 2025Asking Price €650,000 with ONE YEAR RENTAL RETURN OF €48,000 (7.4% RETURN ON INVESTEMENT)ONLY 5% VAT FOR PERMANENT RESIDENCEInternal area of apartment 127 sq. mCovered verandas 32 sq. mTotal covered area 159 sq. mPrivate Roof garden 75 sq. m+ 23 sq. m multipurpose room and shower room on the roof topKey Features PenthouseRoof GardenSea ViewsThree bedroomsWalk in wardrobe Three Shower rooms Three ToiletsAdditional room on the roof gardenPrivate JacuzziBBQ area on the roof topOutdoor kitchen on the verandaStorage roomCovered ParkingUnderfloor heating VRV concealed AC unitsSmart home Automation system Pressure system Energy Efficient Rating APhotovoltaic systemReference number: SA33766
Property area: 159 m2
Type: Penthouse
Floor: 3rd
Parking: Covered
Condition: Brand new
Furnishing: Unfurnished
Included: Pool, Storage room, Balcony
Air conditioning: Full, all rooms
Energy Efficiency: N/A
Bedrooms: 3
Square meter price: €4.088 /m2
Bathrooms: 3:
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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.