A new car-park let to the Holiday Inn at Pearse Street, Dublin 2, is expected to make in excess of £1 million when it is sold by tender through Gunne and Palmer McCormack. The 60 spaces in the park are let at £60,000 per annum on a long lease to the hotel with five-yearly upwards-only rent reviews. According to Ronan Webster of Gunne, the investment carries 100 per cent capital allowances, claimable over six years, with the qualifying expenditure in the region of £900,000. He says that as investors are not subject to the £25,000 per person cap that was introduced in the 1998 Finance Act, this investment should prove highly attractive to tax-based investors who have seen the supply of these products dry up. Tenders close on November 19th.