DOWNTOWN RESIDENCES – UNDER STUDY – COMPLETION BY DECEMBER 2024

Africanos very proudly presents its new residential project DOWNTOWN HOMES- located in the HEART of Larnaca Town Centre- NEAR the prestigious school, American Academy.

The project boasts FIVE floor apartments. There are 2 apartment per storey from from first to fourth floor, one with one bedroom and one with 2 bedrooms – all with spacious and contemporary living areas. The FIFTH floor – whole floor apartment with 3 bdrooms and 3 bathrooms benefits from individual private and luxury roof-gardens ON THE SIXTH floor with amazing views of Larnaca Town Centre. Each apartment has one parking bay and one large storage room.

The lovely residential neighborhood is quiet and family orientated surrounded by classic large luxury houses. The project is walking distance to the beachfront, town centre and private/public schools.

All energy efficient luxury apartments are designed to have large living areas and balconies along with large bedrooms including en –suite shower rooms and walk-in wardrobes. For those who prefer the top end of luxury they can select to purchase a three bedroom penthouse plus a room on the roof-garden with special features which boast luxury living to its limits.

DOWNTOWN RESIDENCES has been fully designed and studied by our professional team of Architects, Engineers and Interior Designers. The modern design makes excellent use of features like top quality italian ceramic finish, unique glass balconies and clever layout of living areas designed to offer optional space, privacy and also a views of the prestigious neighbourhood and Famous Larnaca Salt Lake.

Apartment No.Price ()BedroomsBathroomsInternal Covered Area (m2)Covered Balconies (m2)Roof Garden (m2)Parking and Storage
No.501AVAILABLE3+2 rooms on roof31194673
No.402AVAILABLE228425-YES
No.401AVAILABLE115222-YES
No.302AVAILABLE228425-YES
No.301AVAILABLE115822-YES
No.202AVAILABLE228425-YES
No.201AVAILABLE115822-YES
No.102AVAILABLE228425-YES
No.101AVAILABLE115822-YES

Additional Info

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.

Notes and Disclaimer

We reserve the right to change prices, or not sell a property without prior notice. These particulars (including prices, areas, description of property) shall not form any part of any offer or contract.

Every precaution is taken to ensure that the information contained in this analysis is correct at the date of publication but no warranty either expressed or implied is given to this effect. This analysis is intended to be used as a guide only. The publisher and owner shall not be liable to contract or in tort for any loss or damage caused to the customer or buyer, its employees or its agents arising out of the use of information contained and/or analysis contained within this study. The Information represents our view as of the date hereof and is subject to change and/or withdrawal at any time without notice. The above calculations are only estimates. The prices, costs values and incomes may change (increase or decrease) in the future. This document is confidential, and no part of it may be reproduced, distributed or transmitted without the prior written permission of the owner.

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