3 bedrooms Apartment in Larnaca, Cyprus No. 70258
ID70258
$ 1 587 449
Property description
Three Bedroom Penthouse Apartment For Sale In Larnaca Town Centre - Title Deeds (New Build Process)Only 1 Three bedroom penthouse apartment available !! - 801
The building is a fresh and exclusive residential investment opportunity situated in a prime location in the centre of Larnaca. This fusion of luxury design apartments and surrounding natural beauty is in a close proximity to many amenities, making it the ideal opportunity to invest in a prime and futureproof
real estate, with high resale and rental value. Park Avenue comprises of 4 one bedroom apartments, 16 two bedroom apartments and 4 three bedroom apartments on eight floors. The development is characterized by its extravagant architectural design and its breath-taking panoramic views of the sea and the Salt Lake.
- Master bedroom with ensuite and fitted wardrobes
- 2 Bedrooms with fitted wardrobes
- Open plan living - dining
- Kitchen
- Family bathroom
- Guest W/C
- Unfurnished
- Provisions for air conditioning in bedrooms
- Air conditioning VRV system in the living room and kitchen
- Solar heating system for hot water
- Double glazing
- Whole floor penthouse
- Private pool
- Private jacuzzi
- Allocated parking space
- Storage room
- Main entrance with intercom system
- Internal area 166 m2
- Veranda 81 m2
- Communal fees TBC
- Close to all local amenities
- 3 Minutes to the sea and beach
- 5 Minutes to Larnaca Shopping Mall
- 8 Minutes to Larnaca International Airport
- Suitable for Cyprus Permanent Residency - Fast Track
- Subject to VAT
- Energy Efficiency TBC
Larnaca
Larnaca is the home of Cyprus' main International Airport, close to the Salt Lake area, a place where you can watch Swan's and Flamingo's that live in the lake. On its coastal seafront, the cafe's and restaurants are peaceful. On the edge of Larnaca Bay the palm-lined seafront of Larnaca town bustles with cafes, tavernas, shops and bars. Historic charm is lent to the scene by its fortress castle, now used as the town's summer cultural centre. Larnaca is an excellent base from which to get to know the central and eastern section of Cyprus, and its proximity to the International Airport and a number of luxury hotels that have been developed along its beautiful sandy beaches make this a popular holiday choice.
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* Title Deeds (New Build Process)
* Private Pool & Jacuzzi
* Amazing Sea Views
* Suitable for Cyprus Permanent Residency - Fast Track
* Subject to VAT
* Under Construction - Completion Due April 2025
* Energy Efficiency TBC
Larnaca Town Centre
Larnaca Town Centre
County: Larnaca
Sale Type: For Sale
Ref #: EDG004N3P/801
Larnaca - Statistics
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| Parameters | Larnaca |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 985.20 |
| Apartment (1 bedroom) Outside of Centre | $ 729.62 |
| Apartment (3 bedrooms) in City Centre | $ 1 666.10 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 263.86 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 178.85 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 338.59 |
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| Parameters | Larnaca |
|---|---|
| Crime Index | 29.52 |
| Cost of Living and Rent Index | 37.65 |
| Purchasing Power Index | 73.15 |
| Property Price to Income Ratio | 9.48 |
| Safety Index | 70.48 |
| Traffic CO₂ Index | 10693.20 |
| Traffic Inefficiency Index | 410.76 |
| Rent Index | 22.36 |
| Health Care Index | 58.82 |
| Groceries Index | 49.76 |
| Pollution Index | 51.91 |
| Traffic Commute Time Index | 41.20 |
| Restaurant Price Index | 49.26 |
| Climate Index | 94.95 |
| Cost of Living Index | 49.95 |
| Quality of Life Index | 149.99 |
| Traffic Index | 209.39 |
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| Parameters | Larnaca |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 16.08 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 53.59 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 8.36 |
| Domestic Beer (0.5 liter draught) | $ 3.22 |
| Imported Beer (0.33 liter bottle) | $ 4.02 |
| Coke/Pepsi (0.33 liter bottle) | $ 1.56 |
| Water (0.33 liter bottle) | $ 0.86 |
| Cappuccino (regular) | $ 3.29 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.52 |
| Loaf of Fresh White Bread (500g) | $ 1.86 |
| Eggs (regular) (12) | $ 3.62 |
| Local Cheese (1kg) | $ 13.72 |
| Water (1.5 liter bottle) | $ 0.85 |
| Bottle of Wine (Mid-Range) | $ 6.96 |
| Domestic Beer (0.5 liter bottle) | $ 1.71 |
| Imported Beer (0.33 liter bottle) | $ 2.45 |
| Cigarettes 20 Pack (Marlboro) | $ 5.36 |
| Apples (1kg) | $ 2.89 |
| Chicken Fillets (1kg) | $ 8.40 |
| Oranges (1kg) | $ 2.17 |
| Potato (1kg) | $ 1.36 |
| Lettuce (1 head) | $ 0.66 |
| Rice (white), (1kg) | $ 2.93 |
| Tomato (1kg) | $ 2.72 |
| Banana (1kg) | $ 1.76 |
| Onion (1kg) | $ 1.29 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.42 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.57 |
| Monthly Pass (Regular Price) | $ 53.59 |
| Gasoline (1 liter) | $ 1.50 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 25 186.43 |
| Taxi Start (Normal Tariff) | $ 6.97 |
| Taxi 1km (Normal Tariff) | $ 2.14 |
| Taxi 1hour Waiting (Normal Tariff) | $ 26.79 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 30 545.25 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 166.01 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 33.33 |
| $ 21.16 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 1 454.50 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.80 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 66.09 |
| Tennis Court Rent (1 Hour on Weekend) | $ 33.94 |
| Cinema, International Release, 1 Seat | $ 10.72 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 75.02 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 32.15 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 83.95 |
| 1 Pair of Men Leather Business Shoes | $ 101.82 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 392.98 |
| International Primary School, Yearly for 1 Child | $ 11 432.14 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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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.