4 bedroom house 330 m² Greater Nicosia, Cyprus
Cyprus, Greater Nicosia
€1,000,000
€3,030/m²
Location
Property characteristics
Building parameters
-
The year of construction1935 -
Bedrooms4 -
Total area330 m²
Description
Timeless Elegance in the Heart of Kaimakli: An Exquisite Un-Restored Listed Property
Presenting an exceptional opportunity to acquire an un-restored listed property in the esteemed locale of Kaimakli. This distinguished residence, spanning an internal area of approximately 330 sqm, is situated on an expansive 885 sqm plot, offering unparalleled potential for an opulent family home.
Key Property Attributes:
Remarkable Flexibility: The property, with a (Building Ratio) of 140% and (Coverage Ratio) of 70%, provides a canvas for sophisticated expansion, ensuring the creation of an exquisite, bespoke living space. The substantial plot allows for both considerable extensions and the coveted provision of off-street parking—an attribute of notable rarity within this historical district.
Distinct Advantages for Discerning Investors:
Government-Endorsed Financial Support: As a listed property, owners benefit from direct state-sponsored complete maintenance, fortifying the property's preservation and presenting a distinctive advantage over non-listed counterparts.
Strategic Building Factor Transfer: Capitalize on unused development rights by selling the remaining building factor. This not only generates additional income but also serves as a prudent strategy for offsetting maintenance costs, all within the confines of a free market.
Fiscal Prudence: Enjoy tax exemptions and tax-free rental income by meticulously adhering to Conservation Principles. This harmonious blend of financial benefits and cultural preservation renders this property a compelling proposition for the astute investor.
A Testament to Architectural Grandeur: Envisage ownership of a historic masterpiece, seamlessly integrating classical charm with contemporary comforts. This listed property stands as a symbol of architectural grandeur—a unique canvas for those in pursuit of a distinguished residence in Kaimakli.
Seize the opportunity to transform this historic gem into your vision of a timeless haven. Embrace the synthesis of tradition and innovation, and make this iconic property the cornerstone of your real estate portfolio.
Updated at: 16/07/2024
Location on the map
Cyprus, Greater Nicosia
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