Dublin 8: from €290,000: Tax incentives, a good city centre location and period features are a combination that will ensure strong interest in Bank House, one of the latest Section 23 schemes selling through the Hooke & MacDonald agency.
The location is Cornmarket, beside Christchurch in the Dublin 8 postal district, with the buzz of Temple Bar a few minute's walk along Dame Street.
Converted from a former AIB bank and manager's residence, the building's ornate period character is enhanced by clean-cut contemporary additions.
The entire complement of 20 apartments are for sale in this launch, with equal numbers of one and two-bedroom units on offer.
Prices start at €290,000 for one-bedroom units of 45 sq m (485 sq ft). Two-bedroom apartments of 65 sq m (700 sq ft) start at €365,000.
Building work is nearing completion and contracts are ready to be signed before the end of this tax year, allowing investors the benefit of Section 23 tax breaks in this year's returns. As a refurbished original building, the incentives are limited to 50 per cent of the purchase price.
Owner-occupiers - and there could be several in this conveniently-located scheme - can claim tax relief on all income, including PAYE, over a 10-year period.
Bank House is being built by Purcell Construction, the company responsible for All Hallows Green in Drumcondra.
Design is by architects O'Mahony Pike, who have made the most of available natural light in the Bank House refurbishment.
Standard features include gas central heating, good quality kitchens and bathrooms and most units come with balconies.
Plans can be viewed at the Lower Baggot Street offices of selling agents Hooke & MacDonald.
