Magnificent listed stone mansion house

  • SOLD
Old City, Nicosia
  • Investment Property, Restoration Project
  • Property Type
  • 7
  • Bedrooms
  • 2
  • Bathrooms
  • 0
  • Garage
  • 444 Sqm
  • Plot Size
Sold

Magnificent listed stone mansion house

Old City, Nicosia
  • SOLD

Overview

Property ID: NL-101
  • Investment Property, Restoration Project
  • Property Type
  • 7
  • Bedrooms
  • 2
  • Bathrooms
  • 0
  • Garage
  • 444 Sqm
  • Plot Size

Description

This Magnificent Listed Stone Mansion House is located in the heart of Nicosia’s Old City close to the shops, bars, restaurants and cafes of Ledras Street and Eleftheria Square. One of the largest residential mansion houses in the area boasting enormous spaces and 12 rooms. The property has stunning period features throughout and has the potential to be restored back to a stunning listed residence or to be transformed into an amazing boutique hotel.

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.

Details

  • Property ID: NL-101
  • Price: SOLD
  • Bedrooms: 7
  • Bathrooms: 2
  • Garage: 0
  • Year Built: N/A
  • Property Type: Investment Property, Restoration Project
  • Property Status: Sold
  • Internal Area: 500 Sqm
  • Plot Size: 444 Sqm

Additional details

  • Private Garden:
  • City Nicosia
  • Area Old City

Features

Floor Plans

Description:
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Contact Information

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Alex Apostolou

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Alex Apostolou
  • Alex Apostolou