Villa for sale in Nicosia

The property is located within the old city walls of Nicosia, within the administrative boundaries of the Municipality of Nicosia, in the parish of Agios Savvas.
It consists of a continuous two-story house which was built in 1896.
The building is of traditional architecture with stone and adobe walls, the floors are of ceramic tiles and a wooden sloping roof.
The house consists of a central hall with two rooms left and right, with a small storage room and the addition of a kitchen, bathroom, and exit to the backyard from the living room.
Through an independent internal staircase located at the end of the building, there is access to the floor where there is a space with a similar upstairs layout.
It has single glazing windows in a wooden frame and the exterior doors and windows are all wooden.
The house needs maintenance, restoration, and either modernization or keeping the traditional character.
The property has a plot area of 320 sq.m.
Ground floor area 155 sq.m.
1st Floor area 155 sq.m.
Yard area 165sq.m. (of which a two-story wing can be erected in 50 sq.m.)
The transferred rate is about 74 sq.m.
** This property is located in the center of Nicosia and According to the current Town
Planning Regulations the property falls within the Planning zone Pa9 with a maximum
building coefficient of 1.60: 1, coverage of 0.70: 1, on 3 floors with height 11.5m.
Notes:
By declaring the property Preserved, it gives the owner the right to benefit from the incentives defined in the Law on Preserved Buildings Law 68 (I) of 2008 and decisions of the Council of Ministers.
These incentives are:
(a)Possibility of transfer (sale) of the remaining building factor or even transfer of a given transferred building factor
(b)Exemption of rents receivable from the rent of a listed building from Income Tax if repaired or maintained
(c)Government grant of up to €90,000 for repairs or renovations
(d)Exemption of all recognized maintenance costs (after deducting any grants) from the taxable income of the owner. The cost will
be amortized for as many years as required
(e)Exemption of a listed building from the real estate tax
(f)Refund of transfer fees if the building was maintainable when the transfer took place and if maintenance was completed within 6 years
from the date of the transfer.