Tax-breaks in the city

Dublin 8: from €340,000 A classic redbrick apartment complex in Dublin 8 will appeal to anyone looking for accommodation with…

Dublin 8: from €340,000 A classic redbrick apartment complex in Dublin 8 will appeal to anyone looking for accommodation with tax breaks in a city centre location. A Danninger project selling through Hooke & MacDonald, The Barleyhouse is ready to move into with tax relief in the current financial year.

This is the latest scheme on Cork Street, a thoroughfare undergoing a renaissance. On offer is tax relief on 50 per cent of the price in this 77-unit scheme. This allows investors to set this amount against all rental income in the State.

Owner-occupiers can offset this amount against all income, including PAYE, over a 10-year period. Viewing is from today till Sunday. All 77 units are for sale in this phase. Prices start at €340,000 for one-beds of 41-65sq m (440-695sq ft). Two-beds of 65-85sq m (695-910sq ft) are from €450,000. Two-bed top floor units with terraces cost from €525,000.

The address, 90-97 Cork Street on the junction of Cork Street and Marrowbone Lane, is under a mile from St Stephen's Green, so purchasers not opting to buy a parking space at €25,000 could walk to the city centre.

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Retail units take up the ground floor level fronting onto Cork Street with apartments above. Broad decked balconies with glass sides and floor-to-ceiling timber-framed windows break up the redbrick exterior. The pedestrian entrance off Cork Street opens into a landscaped courtyard with a central fountain.