The property is a remarkable historic building located in central Nicosia, along the peaceful Markou Drakou Avenue, just steps from the iconic Ledra Palace Hotel. Nestled within the symbolic Buffer Zone, it combines heritage charm with exceptional development potential and holds strong cultural and diplomatic significance.

Set across two spacious plots with a total enclosed area of approximately 558sq.m., the property consists of two wings. The western wing on the ground floor includes an entrance hall, reception, two large dining rooms, a private dining/conference area, two offices, a bar, kitchen with storage rooms, and guest restrooms. The two-storey eastern wing features a lounge with a fireplace, seating area, shower facilities, and restrooms—ideal for exclusive use or VIP hosting.
The exterior includes beautifully landscaped gardens, a gated front yard with private parking, and a rear yard with a fully enclosed outdoor bar and café space—perfect for events, cultural functions, or receptions.
Located in Planning Zone ΕΖ-δ, the property benefits from a 200% building density, 60% coverage, and allowance for up to 8 floors (31m height). It also includes 2,270sq.m. of unused transferable building density (subject to restoration and permit reissuance). The Energy Performance Certificate is pending.
Positioned just 1km from Eleftheria Square and 450m from the Nicosia District Court, and in close proximity to embassies and cultural landmarks, this is a rare opportunity suited for diplomatic, boutique hospitality, or institutional purposes.