Residential Estate in Cyprus
From R4,860,000
Development Myrtus Residences, Geroskipou
Web Ref No ND33
A South facing three bedroom detached villas located at Yeroskipou hillside.
VILLA
From R4,860,000
Number of Villas 24
Size From 161m² to 250m²
From R4,860,000
Number of Villas 24
Size From 161m² to 250m²
New Development Profile
This spacious property has great views over the sea and the surroundings areas. The Development will arise in a new build area consisting of 24 modern designed villas. The nature of the plot led to three different types.
On the top level of the plot, next to the green areas, we have 6 three storey luxury villas.
At the entry level of these open plan villas, we have a nice lounge area with fully fitted kitchen and a dining area, with a huge covered patio. Off the lounge area is a wc with a roomy staircase which is leading down to the bedroom areas or up to a nice lounge/dinning roof garden.
At the bedroom level we have 2 double bedrooms with a common bath and a big master double bedroom, with double fitted wardrobes and a large en suite bathroom. On the ground floor underneath the main villa there is a large flexible space which can be turned into a self contained studio, office space, storage, workshop, or into a perfect chill out space!
Outside the property there is a nice garden area with steps leading to the 3.5mX7m private pool which has plenty of sun bathing space. From the pool you can access the lovely garden area around the villa.
Further down, at the mid level of the plot , there are 10 double storey villas. These villas are split into groups separated by the private road. Their design is mainly similar with the other villas except that only six of them have private pool ,none of them has the lower level chill out space or roof garden.
They are designed as simple double storey villas, in order not block the view from the other villas and also to please any lower budget buyers.
At the lower level of the property, we have 8 smaller units, which are two storey / three bedroom, semi-detached houses, with a lovely outdoor garden, and also a spiral staircase access can lead to a nice roof garden.
All the villas will be constructed with high quality materials, internally and externally.
External facades will be covered partly with stone and wood panels facing. A combination of stainless steel and glass railing will give a nice modern, fresh touch to the project and also will plant nicely within the environment.
This property is located 10 minutes walk from Yeroskipou Square, where you can find local bars / restaurants and supermarkets. Just 10 minutes drive from Elea Golf course and less than 10 minutes drive to the beach. Is also 10 minutes driving from Paphos Airport.
Why Cyprus:
- Strategic location.
- Safe. Cyprus is in the top 5 safest countries in the world.
- English widely spoken.
- Favourable tax for Investors, lowest business tax in Europe.
- Advanced infrastructure - Education, Banking, Healthcare, Tourism.
- 300 days of sunshine a year!
Permanent Residency:
- Must purchase new property worth €300,000 + VAT or more.
- VAT will be 5% for the first property purchased in Cyprus instead of 19%.
- PR is guaranteed if all requirements are met (ie. Property purchase, all documents provided) and is received in 2 to 3 months.
- To start the application, at least €200,000 + VAT must have been paid and all documents provided to the lawyers.
- €30,000 must be placed in a fixed deposit account in the name of the applicant in a Cyprus bank for 3 years.
- One purchase can provide PR to husband and wife, any children under 25 years old, parents of the husband and parents of the wife.
- Holders of Cyprus PR cannot work in Cyprus but can own a business.
Citizenship:
- Must purchase property worth €2,000,000 + VAT or more.
- Can be multiple properties which need to be kept for 3 years, after which only property worth €500,000 must be kept for life. (ie. 4 Investment Villas plus 1 Primary Residence).
- Citizenship is granted 6 months after €2,000,000 investment and all documents provided to the lawyers.
- Dependent children up to the age of 28 that are attending an institution of higher education.
- Parents of the main applicant (either husband or wife) can apply for Citizenship after the main applicant has acquired Cypriot Citizenship, as long as they have purchased a property worth at least €500,000 + VAT.
- Citizenship will be passed down through the generations.
- Holders of Cypriot Citizenship can reside and work in the European Union and can travel visa free to 157 countries.
- Access to health care and education throughout the EU.
- Fantastic tax benefits ie corporate tax 12.5%
On the top level of the plot, next to the green areas, we have 6 three storey luxury villas.
At the entry level of these open plan villas, we have a nice lounge area with fully fitted kitchen and a dining area, with a huge covered patio. Off the lounge area is a wc with a roomy staircase which is leading down to the bedroom areas or up to a nice lounge/dinning roof garden.
At the bedroom level we have 2 double bedrooms with a common bath and a big master double bedroom, with double fitted wardrobes and a large en suite bathroom. On the ground floor underneath the main villa there is a large flexible space which can be turned into a self contained studio, office space, storage, workshop, or into a perfect chill out space!
Outside the property there is a nice garden area with steps leading to the 3.5mX7m private pool which has plenty of sun bathing space. From the pool you can access the lovely garden area around the villa.
Further down, at the mid level of the plot , there are 10 double storey villas. These villas are split into groups separated by the private road. Their design is mainly similar with the other villas except that only six of them have private pool ,none of them has the lower level chill out space or roof garden.
They are designed as simple double storey villas, in order not block the view from the other villas and also to please any lower budget buyers.
At the lower level of the property, we have 8 smaller units, which are two storey / three bedroom, semi-detached houses, with a lovely outdoor garden, and also a spiral staircase access can lead to a nice roof garden.
All the villas will be constructed with high quality materials, internally and externally.
External facades will be covered partly with stone and wood panels facing. A combination of stainless steel and glass railing will give a nice modern, fresh touch to the project and also will plant nicely within the environment.
This property is located 10 minutes walk from Yeroskipou Square, where you can find local bars / restaurants and supermarkets. Just 10 minutes drive from Elea Golf course and less than 10 minutes drive to the beach. Is also 10 minutes driving from Paphos Airport.
Why Cyprus:
- Strategic location.
- Safe. Cyprus is in the top 5 safest countries in the world.
- English widely spoken.
- Favourable tax for Investors, lowest business tax in Europe.
- Advanced infrastructure - Education, Banking, Healthcare, Tourism.
- 300 days of sunshine a year!
Permanent Residency:
- Must purchase new property worth €300,000 + VAT or more.
- VAT will be 5% for the first property purchased in Cyprus instead of 19%.
- PR is guaranteed if all requirements are met (ie. Property purchase, all documents provided) and is received in 2 to 3 months.
- To start the application, at least €200,000 + VAT must have been paid and all documents provided to the lawyers.
- €30,000 must be placed in a fixed deposit account in the name of the applicant in a Cyprus bank for 3 years.
- One purchase can provide PR to husband and wife, any children under 25 years old, parents of the husband and parents of the wife.
- Holders of Cyprus PR cannot work in Cyprus but can own a business.
Citizenship:
- Must purchase property worth €2,000,000 + VAT or more.
- Can be multiple properties which need to be kept for 3 years, after which only property worth €500,000 must be kept for life. (ie. 4 Investment Villas plus 1 Primary Residence).
- Citizenship is granted 6 months after €2,000,000 investment and all documents provided to the lawyers.
- Dependent children up to the age of 28 that are attending an institution of higher education.
- Parents of the main applicant (either husband or wife) can apply for Citizenship after the main applicant has acquired Cypriot Citizenship, as long as they have purchased a property worth at least €500,000 + VAT.
- Citizenship will be passed down through the generations.
- Holders of Cypriot Citizenship can reside and work in the European Union and can travel visa free to 157 countries.
- Access to health care and education throughout the EU.
- Fantastic tax benefits ie corporate tax 12.5%
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