4 bedroom apartment 220 m² Vassa, Cyprus

Prestigious restored stone-built listed building in the heart of Vasa Koilaniou village, comprising three accommodation units. The building has been restored to a high standard based on a traditional style and it is built on a 186 sq.m plot of land. The property features a common entrance opening into a stunning private yard of approx.. 60 sq.m, with an outdoor wooden staircase providing access to the first floor. On the ground floor it comprises two units, the first unit with approx..size of 85 sq.m and can host up to four persons, and the second unit with approx.. size of 50 sq.m hosting two persons. The two units can be easily integrated as they communicate through a common door. On the first floor, it comprises a 80 sq.m unit with two separate bedrooms that can host up to 6 persons. The property is a fully operational renowned holiday accommodation, with an Agrotourism Accommodation license. Based on the Law on Preserved Buildings of 2002 (law 240 (1)/ 2002), any income generated from restored listed buildings is exempted from income tax. Also the government grants up to €90.000 for the restoration of a listed building (conditions apply). The property benefits from the Housing Plan of Revitalization of Exceptionally Distant, Small sized and Distant areas. The Plant concerns about financial support for the development of a permanent first-home residence in areas where the Plan in force. Depending on the beneficiary person and the requirements, the buyer can benefit from €35.000 to €70.000 construction costs.