3-bedroom penthouse fоr sаle
- Reference number: J239
- Εμβαδόν ακινήτου: 250 m²
- Τύπος: Ρετιρέ
- Όροφος: 4ος
- Χώρος Στάθμευσης: Καλυμμένο
- Κατάσταση: Υπό κατασκευή
- Επιπλωμένο: Χωρίς Επιπλα
- Περιλαμβάνει: Ασανσέρ, Συναγερμός, Βεράντα
- Διαδυκτιακή ξενάγηση: Ναι
- Κλιματιστικα: Σε όλα τα δωμάτια
- Ενεργειακή Απόδοση: A
- Υπνοδωμάτια: 3
- Square meter price: €1.980 /m²
- Μπάνια: 2
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Discover the pinnacle of city living with this superior 3-bedroom, 2-bathroom penthouse apartment, situated in a modern, luxury development in the heart of Paphos. This top-floor residence offers an unparalleled lifestyle, combining high-end features with an exceptional, central location.
Key Property Highlights
This is the only 3-bedroom penthouse in the entire development, offering a unique opportunity for exclusivity.
Superior Design: A spacious and lavish apartment with a private roof terrace and breathtaking views.
Modern Climate Control: Equipped with a VRV system for efficient cooling and heating. Optional Underfloor heating is also available.
Premium Finishes: The penthouse boasts top-quality materials, including Italian floors in all living areas and laminate floors in the bedrooms.
High-End Specifications: Enjoy a water pressure system, wall-mounted toilets, and walk-in showers.
Security and Insulation: Features an Alarm System and External Thermal insulation for comfort and safety.
Convenience: Includes a covered parking space.
Prime Central Location & Infrastructure
The residence is perfectly positioned in a quiet residential area in the center of Paphos.
City Center Accessibility: Enjoy easy walking distance to the Old Town (City Center), which is overflowing with shops, coffee shops, bars, and restaurants. Everyday amenities are also within a short walking distance.
Connectivity: Quick access to essential routes, including a 4-minute drive to the Paphos-Limassol Highway.
Leisure & Education: The location provides easy access to Paphos commercial district and nightlife. You're only an 8-minute drive to the beach and a 6-minute drive to Kings Avenue Mall. The development is also close to local and international private schools.
Investment Potential: This property presents an excellent investment opportunity with the potential for a High ROI.
VAT Discount Opportunity
As a new property, this penthouse is subject to the standard 19% VAT rate. However, individual buyers may be eligible to apply for the reduced 5% VAT rate on the purchase price, provided it will be used as their primary and permanent residence in Cyprus.
The reduced rate typically applies to the first part of the property's value and area, subject to government criteria. Given the unit's price (€495,000) and size (140 m² covered area), it would likely qualify for the reduced rate on a portion of the value and area, as the total value exceeds the standard maximum threshold of €475,000 for full reduced VAT eligibility, and the covered area is over 130 m².
A transitional provision may also allow for the reduced 5% rate to apply to the first 200 sq. m. of a property, regardless of its total price, if the planning permit was obtained or applied for by October 31, 2023, and the purchase is completed by June 15, 2026 (subject to all other conditions being met).
We strongly recommend that all interested buyers seek independent legal and tax advice to confirm their eligibility for the reduced 5% VAT rate.
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Technical inspection:HOMESURVinfo@homessurv.com+357 22 377 004
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Legal inspection:CTA LAW FIRM C.T. Antoniou & Co LLCinfo@ctalaw.net+ 357 22 516 838
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Technical inspection:HOME CHECKandreas.chrysos@hotmail.com+357 96 504 296
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Legal inspection:M.PARASCHOU LAW Advocates & Legal Consultantsinfo@paraschou.com.cy+357 22 622 262
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Technical inspection:SQUARE ARCHITECTSp.panayi@cytanet.com.cy+357 99 592 218
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