This period listed two storey semi-detached building was previously used as a bar in the Agios Savvas quarter within Nicosia’s old city walls.

The property is located close to Ledras and Onasagorou street and benefits from a ground floor of approx 235sqm, an additional floor of approx 75sqm, a semi basement of approx 235sqm and a veranda of approx 72sqm. WIth a total internal space of approx 310sqm.

The immediate area surrounding the property is within the old city walls of Nicosia which comprises listed buildings of residential and commercial use and is considered to be the traditional commercial centre of Nicosia.

Listed Properties also benefit in three different ways:
Financial Incentives which is the direct sponsorship given by the State to the owner for the complete maintenance of the listed building. No incentives are provided for partial building maintenance.
Transfer of Building Factor which is on the one hand the utilization of development rights that are not used in the protected plot by selling a remaining building factor and on the other hand securing additional sponsorship in the maintenance cost by selling a given building factor. This incentive operates in the free market without state mediation.
Tax Incentives which are the tax exemptions and tax-free rental income that can be taken by the owner of a listed building that has maintained it according to the Conservation Principles.