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From €300,000
Earls Court is a fabulous new development of 70 apartments stepping up to twelve floors in one of Dublin City Centre’s fastest growing areas, which qualifies for ‘Section 23’ for investors and tax incentives for owner occupiers also. Earls Court is situated on a prime corner site on Cork Street and Reuben Street. This exceptional elevation designed by architects ‘FKL Architects’ which received a “special mention” in the 2006 AAI Awards, is a landmark building. This new development has a diverse selection of well designed one and two apartments and three bedroom duplexes with some dual aspect units in this stylish and contemporary block. Living spaces and recessed balconies are orientated south or west, and every apartment allows for natural light in all bathrooms and kitchens. Comprising of 70 apartments, the majority with balconies, the building will be serviced by three entrance cores, each fitted with a lift. There will be four live/work units and one commercial unit on the ground floor of the scheme and the inner courtyard will be landscaped maintenance free. All apartments are well proportioned and have generous living and bedroom accommodation. The apartments will benefit from space and light, designed to cater for the modern lifestyle and will be finished to a high standard, with en-suites provided in the majority of the two and three bedroom apartments. A Prime Location Earls Court offers unrivalled proximity to the city’s main business districts, and is within walking distance of Grafton Street & St Stephens Green. It is also just across the Liffey from Henry Street and the Jervis & Ilac Shopping Centres. It is very accessible due to its convenient city location, and has one of the best public transport routes in the city with the QBC on its door step and close proximity to the new LUAS station near St. James’ Hospital. The historical area around Cork Street has been rejuvenated with Earls Court being convenient to new theatres, restaurants, cafes, shops, along with a new fitness centre which will make it an ideal location for city living. The regeneration of Cork Street is an integral part of an exciting development program, with development continuing at a rapid rate. Earls Court is ideally situated to benefit from similar appreciation in the coming years, making these apartments a superb investment opportunity. This is a great letting area on account of its proximity to many institutions, colleges, businesses including the vibrant and growing new digital quarter of Dublin the Digital Hub, and hospitals such as St James and The Coombe Women’s Hospital being close by. There is always a constant demand from people working in these industries for accommodation in this area. The investment When Choosing a Section 23 investment we believe that there are a number of important factors to consider. The most important being its rental potential and the capital growth prospects over the investment term. We believe that Earls Court will flourish in these most important categories. Tax Relief available to the landlord/investor Landlords in the EARLS COURT apartment complex will qualify for significant tax relief. The section 23 tax relief allows a landlord to write off the entire qualifying cost of the apartment against all Irish rental income. It is anticipated that in most cases approximately 68% of the purchase price will qualify for this relief. Relief available for the owner-occupier Owner-occupier purchasing in EARLS COURT can obtain relief of 50% on the qualifying cost, which can offset against all income including PAYE. This relief will be granted to the individual in equal instalments over a 10 year period. For Sale
30 Leeson Park, Ranelagh, Dublin 6. Tel: (+353) 01 4912600 Fax: (+353) 01 4912629 mail: ginakennedy@dng.ie 88 Harcourt St Dublin 2 Douglas Newman Good 30 Leeson Park Ranelagh Dublin 6 |
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