Mullingar: from €280,000 A new phase at a Mullingar Section 23 scheme is on the market with Hooke & MacDonald and James B McDonnell of Mullingar.
Thirty apartments in three, four and five-storey blocks are being released in the second last phase of the €60 million Market Point development. It is close to the centre of Mullingar by the Royal Canal. A new pedestrian bridge to the town's train station forms part of the development.
With Section 23 tax relief to end in July 2006, Market Point should prove popular with investors and owner-occupiers alike - especially as this phase is complete, so units bought now qualify for tax relief in the current year.
The tax break is 87 per cent and provides for investor relief on all rental income in this jurisdiction. Owner-occupiers can set this amount against all income (including PAYE) over 10 years.
Two-bedroom apartments of 62-70sq m (665-750sq ft) are from €280,000 and two-bedroom duplexes of 76sq m (815sq ft) are from €290,000. Prices include a full furniture fit-out, including timber floors and car-parking.
Developer FK Construction and architects John Flemming have designed an attractive modern scheme. All units have balconies and all blocks have roof gardens. There is also extensive landscaped courtyard areas.
All units come with the main bedroom en suite, timber-decked balconies, lifts to all floors, hardwood floors throughout, fitted wardrobes and an intercom system to all apartments.
Market Point forms part of a new quarter in Mullingar with its own retail, commercial and leisure facilities. The development will include a crèche, restaurant and medical campus.
