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Flat 272 м² in Limassol, Cyprus

644 725 $

2 370 $ /м²

4OW7V
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Area

272 м2

Bedrooms

3

Bathrooms

3

3 bedroom luxury apartment for sale in Limassol, Cyprus

This brand new 3 bedroom penthouse is part of a newly built gated residential complex located near the intersection of Agias Fylaxeos and Spyrou Kyprianou. The residence enjoys a prime location as it is in the heart of Limassol, in close proximity to various amenities and has direct access to Limassol's main thoroughfare. The uniquely designed residential complex features stylish 1-, 2- and 3-bedroom apartments, including 2 three-bedroom penthouses. Despite the prime location, the residence is located in a relatively quiet residential area. The project consists of 2 residential blocks. Block A has 2 floors. Block B has an additional 3rd floor which houses 2 magnificent 3-bedroom penthouses with spacious roof terraces. This 3 bedroom penthouse has 2 levels and consists of: 3 bedrooms with laminate flooring (master bedroom ensuite) 2 bathrooms + guest toilet open space lkitchen-dining-living area with ceramic tile flooring balcony, covered and uncovered, of 77 square meters where you can place a lounge, barbecue area, etc. private roof garden on the upper level of 54 square meters with panoramic views. Some features of the property: private storage room, 2 private parking spaces thermal insulation, provisions for A-C, motorized curtains and electric blinds pressure water system, solar panels for water heating. double glazed windows, Italian fitted kitchen cabinets, fitted closets in bedrooms Property is subject to VAT'.

Additional details

Property type

All Types

Object type

Flat

Price

644 725 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Limassol; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Limassol short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (644 725 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Limassol: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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