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Business for sale in Argaka, Polis, Cyprus

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Price€7,000,000
TypeBusiness
Land area7879 m²
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Business or Investment in Polis

The complex is located on the Mediterranean coast in 290 meters from the beautiful promenade with a sandy beach. Near the complex grow tall pines, with windows overlooking the sea and the mountains.One of the most beautiful places in Cyprus.Distance from the sea is 290 meters.The complex has a beautiful garden. A private road, territory is guarded round the clock security.The project is interesting because there are already two ready-made high-quality villas, as well as the opportunity to build two more. Everything is ready for the start of construction, in 18 months the villas will be built.

Extra Сosts when Buying Property

TRANSFER TAX*
up to €85 000 3%
€85 000 - €170 000 5%
over €170 000 8%
*If VAT has been paid no transfer tax
*If no VAT has been paid 50% of the transfer tax rate
STAMP DUTY
If the value of the property is less than € 171,000 0,15%
If the value of the property exceeds € 171,000 0,2%
VAT
standard rate 19%
reduced rate 0-5%

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Interest Rate
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Ongoing Ownership Costs

Municipality Tax, annually 0.02%
Communal Services fees, multi-residential complexes, monthly €40-50
Communal Services fees, private house, monthly €60-200
Sewerage Tax, annually €60-75
Electricity costs, monthly about €50
Water rates, monthly about €50
Telecommunication rates €50-60

Additional Services Costs

Legal support (one time payment) 0.8%-1%

Return on Investment

Property Price
Rental Cost
0%
Company Representatives
in Cyprus
Limassol, Paphos, Larnaka
+3572-503-00-31
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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