This asset consists of six two-storey listed buildings, one single storey listed building and a small piece of land in Tampakhane quarter within Nicosia’s old city walls.

The asset is adjacent to Arsinoes, Vasileos Voulgaroktonou and Alexiou Komninou streets. It is located approx 150m north of Solomos square and approx 250m west of Ledras street.

The property has an internal area of 1,148sqm and has traditional local architecture and is built with stone walls and plithari. The plot has an area of 1,058sqm.

The area is mainly developed with traditional buildings of similar architecture. It is close to the Elefthterias Square connecting Makariou avenue with Ledras and Onasagorou streets – Nicosia’s pedestrian Old City area.

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.