Full Description
Located in Larnaca’s rapidly developing Land of Tomorrow coastal corridor, this three-bedroom fourth-floor apartment forms part of ELEVATE Residences, a boutique four-storey building positioned approximately 800 metres from the Mediterranean coastline.
The advertised price excludes VAT. Newly built residential properties in Cyprus are generally subject to 19% VAT. A reduced 5% VAT rate may apply on the first 130 sqm if the property is approved as the buyer’s primary and permanent residence, subject to eligibility and government approval. Buyers intending rental or secondary home use typically pay the standard VAT rate. SafeHavenBay coordinates with licensed legal and tax professionals to clarify individual eligibility.
The unit offered here is one of several available within the development. This boutique project comprises only 15 premium apartments, including one-bedroom residences, two-bedroom residences, three-bedroom residences, and exclusive penthouses with private roof gardens. By contacting SafeHavenBay, buyers can review alternative layouts, floor levels, and pricing options to select the most suitable unit.
This specific apartment (Unit 403) offers 97 sqm of covered internal area, a 20 sqm covered veranda, and a private 41 sqm roof garden, creating generous outdoor space ideal for relaxation or entertaining. The open-plan living, dining, and kitchen layout maximises natural light and practical functionality, reflecting contemporary Mediterranean design principles.
Constructed to Energy Efficiency Class A standards, the building incorporates modern materials and sustainable construction practices. The architectural approach emphasises clean lines, comfort, and long-term durability within a compact and well-managed residential environment.
The development is within walking distance of shops, cafés, and supermarkets, approximately 10 minutes from Larnaca Marina, 20 minutes from Larnaca International Airport, and within easy reach of Ayia Napa and Protaras. The surrounding district continues to benefit from infrastructure upgrades and coastal redevelopment initiatives, supporting long-term residential and investment appeal.
Some international real estate acquisitions may provide access to residency or citizenship programs for eligible buyers, subject to meeting local legal and investment requirements. SafeHavenBay connects clients with licensed professionals to guide them on legal, tax, and investment considerations.
Certain property investments in Cyprus or Greece may support long-term residence within the European Union. Select Caribbean jurisdictions, including Grenada, operate citizenship-by-investment programs that may provide a second passport for qualified applicants, subject to eligibility criteria and official approval.
Cyprus maintains a well-established property market with clear ownership rights and structured legal processes. Many buyers acquire property for lifestyle enjoyment combined with long-term capital growth. This unit may also align with broader planning objectives depending on individual circumstances.
Through SafeHavenBay, clients may explore additional curated opportunities across Cyprus, Greece, and select Caribbean jurisdictions, benefiting from coordinated international property and residency guidance.
All programs are subject to eligibility criteria, local laws, and government approval. SafeHavenBay provides guidance but does not guarantee outcomes.
Enquire through SafeHavenBay to receive availability updates, detailed floor plans, VAT clarification, and information on alternative units within ELEVATE Residences.
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