Section 23 tax incentives at Belgard Square, a new Tallaght apartment scheme, are likely to attract investors when the development goes on sale from plans today at Hooke & MacDonald's Baggot Street offices. Owner-occupiers will also benefit from tax breaks.
Fifty one and two-bedroom apartments are on offer, priced from €265,000 for 45 sq m (484 sq ft) one-bedroom units. Two-bedroom apartments of 61-86 sq m (666-926 sq ft) start at €325,000.
Investors benefit from tax-free rental income on all properties in this jurisdiction, including commercial, retail and residential. Owner-occupiers can claim tax relief against all income, including PAYE, on 50 per cent of the net purchase price over a 10-year period.
The new Belgard scheme is by Shelbourne Developments. Laing O'Rourke is the contractor and design is by Henry J Lyons & Partners. The location is good for access to the city, near Tallaght Town Centre and beside the new Luas terminus.
The architecture at Belgard Square is contemporary in style, with full width decked balconies with smart glass balustrades. The facade is a mixture of polished stone, terracotta panels and brickwork. Floor-to-ceiling windows provide good natural light to the interiors.
Interior specification is also good, with fitted wardrobes in all bedrooms and smart bathrooms with chrome fittings. Kitchens come ready-to-go with ceramic floor and wall tiling and a full range of electrical appliances.
Bedrooms are all doubles, a plus for those intending to rent out, and many units have dual aspect views. Standard features also include telephone intercom and lifts directly to a basement car-park.
Car-parking spaces in this scheme can be bought for an additional €10,000.
The communal gardens will be professionally landscaped while apartments in this phase at Belgard Square will be ready to move into by Autumn 2005, according to the selling agents.
