Buildings: 191 square meters
Land: 1,080 square meters
Listed (Διατηρητέο) Building in the Residential Zone of Vavla (H1 & H2)
A three bedroom house with two bathrooms, a large common area (sitting room, fire place, dining room & kitchen), a smaller common area with a small kitchen and a fire place, an internal yard with a 35 sq, m. building in the middle of the yard (used currently as storage space with water tanks & water boiler at the attic space of the building).
Vavla is a village in mountainous part of the Larnaca District at 500 meters above sea level. Vavla is a 25 mins drive to Larnaca, 30 mins drive to Limassol and 35 mins drive to Nicosia. Vavla as a village in total has been declared as a listed village.
Advantages of a listed building:
No capital gains tax
Νo income tax from any rents
Νo transfer fees
Government granting for renovation every 20 years
Additional plot building ratio (συντελεστής δόμησης)
The plot building ratio is transferrable or can be sold.
Total: €330,000
Option to be sold fully furnished with an additional value for furniture and equipment at €30,000.