Former Chateau Status in Nicosia up for sale by Altia

One of the most emblematic and well-known listed buildings in Nicosia, Chateau Status, is up for sale by Altia.

This is a unique property in the heart of the capital, a true gem of the island’s architectural heritage that combines elegance, character, and history in perfect harmony.

The property is located on Markos Drakos Avenue in Nicosia, directly opposite the historic Ledra Palace Hotel, within the UN buffer zone.

For several years, it operated as a restaurant, reception venue, and event space (formerly known as Chateau Status).

Following full restoration and the re-issuance of the necessary permits, the development rights—approximately 2,270 square meters—will become transferable to another property.

The estate covers a total land area of 1,873 sq.m., spread over two plots, with 558 sq.m. of interior space.

The architectural layout is carefully divided into two distinct wings:

• The western wing on the ground floor welcomes visitors with a grand lobby and reception area, opening into spacious dining rooms, a refined conference space, comfortable offices, and a bar, all seamlessly connected to the kitchen and support facilities.
• The eastern wing, which is two stories, features a large bedroom on the upper floor, a living room with a fireplace, and private shower and restroom facilities.

The building is surrounded by a beautifully landscaped garden that blends paved courtyards and ornamental greenery with shaded seating areas and curated planting.

The front courtyard includes private parking and a controlled entrance, while the rear courtyard reveals a hidden gem: a fully enclosed outdoor bar, ideal for hosting events.

This rare property is more than just a building—it’s a living narrative that captures the soul of old Nicosia, while offering diverse possibilities for cultural, diplomatic, or high-end hospitality use.

Kriton Onisiforou, Sales Director at Altia, expressed his satisfaction with the readiness of the property and its inclusion in the market. “This is a unique listed property that combines the architectural charm of the past with the potential of a modern investment project.

It stands out both for its aesthetic and historical value and for its commercial potential.

Its location and layout make it ideal for use as a fine-dining restaurant, event venue, café-bar, or multi-purpose space.”

More information about the property here