Villa for Sale in Pervolia

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€2,160,000 EUR

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Ref 2175203 | Pervolia, Larnaca | 3 Bedroom Villa

Currency services provided by International Currency Exchange (IFX) 2,160,000 EUR  |  Approx.£1,859,976 GBP  |  Approx. US$2,311,632 USD
Pervolia, Pervolia, Larnaca
  • Type: Villa
  • Location: Pervolia
  • Province: Larnaca
  • Country: Cyprus
  • Bedrooms: 3
  • Bathrooms: 2

This Private gated project of 10 luxury completed villas is located just 200 m from the Pervolia coast line in Larnaca within 3 minute walk from the beautiful sandy Blue Flag beaches of Larnaca coast, a 10 minute drive from Larnaca International AirportLuxury Construction Specifications Granite flooring and kitchens, Heated swimming pools Underfloor heating throughout the villa Built in A/C units, Bosch kitchen Appliances, Electric Parking Doors and Private gate to enter ProjectEuropean Citizenship Approved ProjectThe project is a Citizenship approved project and it qualifies all criteria for applying for and acquiring a Cyprus Passport and becoming a European Citizen.Capital AppreciationCapital appreciation in the area is expected to surpass the Cyprus average capital appreciation due to large scale investments taking place in the area, such as the creation of further sandy beaches via a 3 million project already in progress, the construction of pedestrian and bicycle roads connecting the area with the neighboring areas, and further investment of luxury houses.Selling PriceIndividual Villa prices in the project are in the range of euro400,000+vat to euro525,000+vat Option 1:6 villas Package euro2,160,000+19% vat Qualifies for Citizenship without any extra investment.A euro500,000 priced Villa is included in packageAverage Price is euro360,000 + vat per villa. (euro2,160,000 divided by 6 = euro360,000) Option 2:Whole Project (10 villas) : euro3,500,000 +0%vat Qualifies for Citizenship without any extra investmentA euro500,000 priced Villa is included in packageAverage Price per villa is euro350,000 + 0% vat per villa (euro3,500,000 divided by 10 = euro350,000)Very important note for VAT : The project is currently owned by a Ltd company that was formed for the sole purpose of owning these villas. The buyer of the whole project may purchase the Ltd company that owns the villas instead of purchasing 10 individual villas, saving this way the amount of euro665,000 euros in vat.Exit StrategyAs per the Cyprus Citizenship Program, applicants need to maintain their investment for a minimum of 3 years before being able to sell. These properties may be sold individually (one villa at a time ) at any time after the 3 years.

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