This beautiful un-restored listed stone building is located in the heart of Kaimakli set in a lovely quiet residential neighbourhood. The property is in the process of being restored to the highest of standards and will be offered Turnkey finished. The property will provide stunning original features throughout and will provide 500sqm of internal living space within this 635sqm plot with a swimming pool and internal gardens.

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.