Residential Estate in Cyprus

From R8,800,000

Development Myrtus Heights Villas, Geroskipou
Web Ref No ND39
VILLA
Priced From R8,800,000
Number of Villas 3
Size From 435m² to 465m²

New Development Profile

Situated 170 m above sea level, our new project Myrtus Heights villas commands breathtaking unobstructed panoramic views of Paphos town and the surrounding coastline.

These spacious 4 bedrooms, 3 bathrooms villas provide top class accommodation for the whole family and an excellent off plan investment opportunity for those seeking a luxurious property in the tranquil area of Cyprus.

Project, consisting of only three detached properties, is located in Geroskipou, which is literally on the doorstep of Pafos and all its amenities. It is situated above the humidity level ideal for the long hot summers. Just 10 minutes from Pafos Airport and 2 km from the sea, it is an envied location where you will benefit from the best of both worlds.

The American Academy Private School, International School of Pafos and Neapolis University are all close by. Within 10 minutes' drive there are 3 Championship Golf Courses and famous birthplace of Aphrodite.

Each luxury villa will be of two-storey construction. The modern external design ethos will be clean and minimalistic with the use of floor to ceiling glazing to make the most of natural light. Several exterior walls shall be decorated with natural stone cladding, which not only enhances aesthetics but also improves the walls' thermal and sound insulating properties.

On the ground floor of each villa you will find large living/dining area an open plan generously sized kitchen. There is also one bedroom (it could be converted into a home office) and a bathroom. Sea-facing veranda is the ideal place for you to enjoy the majestic Cyprus sunsets with your favourite drink.

Internal stairs will take you to the lower level with three large bedrooms, en-suite shower in the master bedroom and family bathroom.

On the lower level outside you will find a luxurious infinity pool with wooden decking area.

Covered car parking is located at the top, next to the main villa entrance.

Like all Medousa properties, Myrtus Height will exceed your expectation. Our villas are built to high standards with attention to detail and provide the comforts and modern conveniences. Standard package includes kitchens with built-in cupboards, double granite worktops and granite splash backs. All the bedrooms are fitted with built-in wardrobes. Floors will be finished with the quality ceramic tiles and in the bedrooms will be placed stylish and practical wooden laminate. Bathrooms will be equipped with all the sanitary fittings, vanity units and shower screens. Provisions for central heating and air-conditioning as well as double glazing are standard features.

These luxury properties are ideal for permanent living.


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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