The asset is a Residential Building of 1955, with 573 sqm internal area and 295 sqm basement, located in the Old Town City Center of Nicosia District. The property is arranged in three levels. All three levels are similar in the size and the arrangement. The main arrangement is separate room with a small kitchenette and bathrooms. The property has Elevator Provisions and a small patio on the basement. The property is c. 1000 m from Eleutherias square and c. 500 m from Pafos Gate. It falls under the Ka-a planning zone that allows mainly Residential development, with 140% density, 70% coverage, over 8 m and 2 floors. It has a frontage of 15 m and lot of parking spaces in the neighboring area. The immediate area is characterized by many medium quality Residential developments and few vacant Residential plots.