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Pay in USD and save up to $10,591This exceptional 522 sqm plot offers a rare blend of privacy and nature.
Situated in a prime location, the property is bordered by a designated green area on one side and the protected Rizoelia National Forest on the other two sides, ensuring permanent, unobstructed greenery.
Planning Details:
The plot falls within dual planning zones, providing a generous building factor:
Zone Ka7 (92%): 80% Density / 45% Coverage
Zone Da2 (8%): 1% Density / 1% Coverage
Building Allowance: 2 Floors
Significant Financial Advantages:
5% VAT Benefit: The planning permit was issued before the new 2023/2024 VAT regulations. This allows the buyer to build under the transitional "Old Scheme" rules, applying the reduced 5% VAT to the first 200 sqm of construction (subject to the buyer's eligibility for a primary residence).
Plot VAT-Exempt: As this is a private sale by an individual, the purchase of the plot itself is most likely not subject to VAT, saving the buyer an additional 19%.
Ready-to-Build:
Permits: Planning permit is valid until 2030.
Building permit is available and simply requires a routine renewal.
Plans Included: Architectural plans for a modern 280 sqm residence are included in the price.
Also all electrical and mechanical plans.
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 8382452. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.
