This Magnificent Listed Stone Residence is located in one of Nicosia’s most prestigious avenues at the heart of the city close to the Ministry of Finance and the National Theatre. A truly stunning property suitable as a stand-alone residence or as a private office. Internally the property offers 700sqm of living space and is set within this 1600sqm plot.

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.