#13776
For Sale, Two-storey listed building in historic old Nicosia
1,950,000€
#13776
For Sale, Two-storey listed building in historic old Nicosia
1,950,000€
558m²
-
558m²
-
Resale 1940
Property Description
Nestled in the historic central Nicosia, this extraordinary property is a captivating blend of heritage charm and future promise. Positioned along the tranquil Markou Drakou Avenue, just steps away from the iconic Ledra Palace Hotel, it lies within the symbolic Buffer Zone—a location rich in history, culture, and diplomatic significance.This rare offering presents not only a distinguished architectural landmark but also an exceptional development opportunity, with 2,270sq.m. of unused transferable building density (subject to restoration, regulatory compliance, and permit re-issuance).
Property Overview:
• Occupies two generous plots with an enclosed area of approx. 558sq.m.
• Configured into two main wings:
o Western Wing (Ground Floor): Features a welcoming entrance hall, reception area, two large dining rooms, a private dining/conference room, two offices, bar area, kitchen with storerooms, and guest restrooms.
o Eastern Wing (Two Storeys): Comprises a spacious lounge with a fireplace, seating area, shower facilities, and restrooms—ideal for VIP hosting or exclusive use.
Exterior Features:
• Surrounded by a meticulously landscaped garden, blending paved courtyards with lush ornamental greenery.
• Front yard: Offers private parking and secure gated access.
• Rear yard: A hidden oasis featuring a fully enclosed and cultivated outdoor bar & café, perfect for cultural gatherings, diplomatic receptions, or high-end events.
Zoning & Development Details:
• Located in Planning Zone ΕΖ-δ
• Building Density: 200%
• Coverage: 60%
• Permitted Height: 8 floors / 31m
• Energy Performance Certificate: Pending
Location Highlights:
• Just 1 km from Eleftheria Square, the vibrant heart of Nicosia
• Only 450 m from the Nicosia District Court
• Proximity to key landmarks, embassies, and cultural institutions enhances its value for diplomatic, boutique hospitality, or institutional use.
Property Info
13776
1,950,000€
Nicosia
Details
Construction Stage:
Resale
Baths:
2
Furnished:
Unfurnished
No. of Floors in building:
1
Construction Year:
1940
Areas
Covered Area:
558m²
Mortgage Calculator
Amount Financed:
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Transfer fees are payable by the purchaser for registering the acquired property on his/her name. Property transfer fees are calculated on the basis of the property’s market value on the date of purchase. This requires that the sale of the contract has been deposited at the Department of Lands and Surveys. If the contract of sale has not been deposited at the Department of Lands and Surveys your property’s transfer fees will be calculated on the assessed value of the property on the date the transfer takes place.
