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2 Bedroom Apartment for Sale in Tsada, Paphos District

2 Bedroom Apartment for Sale in Tsada, Paphos District

Posted: 1 year ago
Modified: 2 months ago

2
2
Under Construction
101m²
Mountains view

€885 000
+ VAT

Price per m²

€8762/m²

VAT

Not Included in Price

VAT for this property is €44,250 (Reduced 5% rate) or €168,150 (Full 19% rate). VAT usually is 19%. If it is your first purchase of property, you can have VAT reduced to 5% for the first 150sq.m. of the property.

Title Transfer Fee

Ref. #: 1376
Pool:Yes

Energy Efficiency: A
Covered Veranda: 18 m²
Uncovered Veranda: 6 m²
Air Conditioning: Yes

INVESTMENT BENEFITS
Ezousa Suites are more than just a safe and secure investment, it is a chance for discerning buyers to be part of this pioneering 360 degree lifestyle of holistic living. Key benefits include:
– Based on 70% occupancy and a room rate of 225 Euro per night, the estimated average annual return is 5.8%.
– During the 10-year term, the property will be furnished, managed and operated by Minthis Resort Ltd as boutique suites with all hotel
services. During the term there are no additional ownership costs and all operating and maintenance expenses are covered by Minthis Resort Ltd.
– A recent law passed in 2019 allows the VAT of 19% to be claimed back when investing in integrated hospitality resorts, that are
operated by a vatable company like Minthis Resort Ltd.
– The construction of Ezousa Suites has begun, the delivery is scheduled in spring 2024.
– Stay at Minthis and enjoy the lifestyle in one of the Suites for 14 days each year.
Furthermore, as this is a unique product on an award winning world-class resort with unimaginable facilities, it is anticipated to have a high capital appreciation return of around 3% a year.