The asset consists of two listed residential buildings with internal areas of approx 238sqm and a plot size of 275sqm, which were unified and converted into a bar.

The ground floor consists of an entrance/reception area with dressing room, open plan bar/dining area, kitchen, storage room, male and female toilets and courtyards. The first floor is accessed by both internal and external staircases and comprises open plan office space. The buildings were constructed in circa 1908 using traditional materials such as stone and adobe walls.

The property is located in the beautiful Famagusta Gate area 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.