With tax-based property investments rapidly drying up, Hamilton Osborne King are hopeful of finding investors for a retail premises and a gym at the newly developed Smithfield Village in Dublin 8. The gym will have an annual rent of £120,000 while the retail premises will be rented at £145,000. A condition of the sale of both buildings is that the developers, Devey Group, will have the right to buy back the properties at the end of the 13th year.

In the meantime, investors wanting to shelter taxable income can claim up to 50 per cent capital allowances, half of it in the first year. The investments are to be sold by tender on May 19th.