This project is a new residential apartment block that is located in the heart of Larnaca in the prestigious Saint George area. Less than 3 kilometers from the blue flagged beaches of Larnaca and only a few minutes’ drive away from all amenities, these apartments are ideally situated for small families. The property is a short 5 minute drive to public and private schools and colleges, to supermarkets and all amenities and a 15 minute drive to Larnaca International Airport. This is a quiet and family orientated residential area that is ideal for young families. There is immediate access to the highway that takes you to all major cities in Cyprus. The apartments are close to the Larnaca Salt Lake and the Cineplex Entertainment Complex.
The project has eight 2 and 3 bedroom apartments on four floors. The residences are designed to offer spacious and contemporary living areas and verandas with views of the famous Salt Lake. Each apartment has one parking bay and storage room on the ground floor. These residences have been designed by a professional team of architects, engineers and interior designers to offer the ultimate in convenience and luxury with top quality finishes and clever layout design in all living areas. Quality Italian ceramic finishes on all floors and in the bathrooms and kitchen can be selected by the buyer. The apartments all have unique glass balconies which offer the best view of the Salt Lake and the prestigious neighborhood. The project will have an energy efficiency of grade "A" since photovoltaic panels will be installed on the roof in order to produce renewable energy. The photovoltaic panels through “net metering” will make sure owners benefit from significant savings in electricity consumption. The project is expected to be completed by the 31 December 2019.
First time buyers who purchase a property for permanent residence or as a holiday home for their own use are entitled to a lower VAT Rate of 5% subject to the approval of the Cyprus VAT office. Otherwise, the standard rate of VAT in Cyprus is 19%.
METHOD OF PAYMENT
40% WITH THE SIGNING OF CONTRACT
10% WITH THE COMPLETION OF EXCAVATION WORKS OF THE SPECIFIC PROJECT
20% WITH THE COMPLETION OF FRAMEWORK OF THE SPECIFIC APARTMENT
10% WITH THE COMPLETION OF BRICKWORK OF THE SPECIFIC APARTMENT
10% WITH THE COMPLETION OF FLOOR TILING OF THE SPECIFIC APARTMENT
10% WITH THE COMPLETION OF THE SPECIFIC APARTMENT.
Out of the 8 apartments the 6 have been sold. The only two that are available are as follows:
2 bedrooms and 2 bathrooms
Total area: 131m2
Covered area: 115m2
Price: €170,000 plus Vat
2 bedrooms and 2 bathrooms
Total area: 129m2
Covered area: 113m2
Price: €180,000 plus Vat