This beautiful un-restored listed stone building is located in the heart of Nicosia’s Old City within walking distance to the shops, bars, restaurants and cafes of Ledras Street and Eleftheria Square yet set on Ermou Street in an area seeing huge changes over the past few years and visibly set to change over the coming years. A beautiful property with open internal space of over 400sqm and stunning period features throughout including the most amazing stone arches.

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.