A renovated listed colonial mansion on Nicosia's Byron Avenue that hosted former Laiki Bank's Museum since 2003 is now up for sale following the lender's bankruptcy last March.
And the Museum's priceless collection of contemporary Cypriot art has been moved to the cultural centre of Bank of Cyprus which has absorbed the collapsed lender.
"It is a great stone-built mansion situated on a great area and it will sell well, much-needed assets have to come in. It would be excessive not to sell it," an insider told The Cyprus Daily yesterday.
"Its priceless collection is now at the Bank of Cyprus cultural centre in Phaneromeni, old Nicosia. There is a lot of space there and the premises are beautiful. The art is safe," added the insider.
An advertisement said the last date for submission of tenders is March 10 and the total area of the building is around 583 square metres. No asking price was given out.
In the Byron Avenue premises, the former Laiki Bank Cultural Centre used to organise bi-annual museum standard exhibitions that traced and presented unexplored aspects of Cypriot society and history.
The Museum's sphere of activities also included annual interactive educational programmes for children across Cyprus.
At the same time, a second former Laiki landmark building is also up for sale. The modern architecture two-storey building is situated at the beginning of Onasagorou Street in old Nicosia.
Last date for tenders is also March 10 and the asking price is €1,700,000.