Renew your lifestyle by The Waterside
Friday July 16 2004
New Ross, Co Wexford
From ?179,950
Apartment development with Section 23 tax incentives
NEW Ross town has developed rapidly in recent years. Situated 36 kilometres from Wexford and 22 kilometres from Waterford City it is within a short drive of both Rosslare International Ferry Port and Waterford Regional Airport.
This is the location for Waterside, an interesting, new, high-quality residential/commercial development which qualifies for Urban Renewal Relief. Investors purchasing here will benefit from tax relief which is available to individuals and companies for the cost, or part cost of constructing rented residential property. These costs can be deducted in full or in part from rental income arising in the State.
Owner-occupier purchasers residing at Waterside will qualify for valuable tax incentives on their personal PAYE allowances. Owner-occupiers in this scheme do not suffer a claw-back of relief previously granted if they sell on their apartment within the 10-year period.
The development consists of a bar/restaurant/retail and office units together with a mix of 55 waterfront apartments situated directly on the banks of the River Barrow. It is virtually in the centre of New Ross, a short stroll from the main shopping area.
Most apartments will benefit from balconies and views over New Ross town. The River Barrow, which is tidal, is one of the most important water courses in the South-East. For the boating enthusiast an important feature of the development will be a river boardwalk and a further proposed marina affording mooring facilities.
The Waterside comprises a mix of large one- and two-bedroom apartments with prices starting from ?179,950.
Ellen Construction are the developers and sales are being handled by Kehoe & Associates, (053-443 93).
