Dunkerron Woods, Sneem Road, Kenmare, Co. Kerry

General

Designed, Buit and Fully Furnished to a Four Star Bord Failte Standard. With a total floor area of c. 155 sq m (1,650 sq ft), these architecturally designed holiday homes are situated in a mature woodland setting with landscaped gardens. Features include: Automatic weather responsive thermostat, Covered Verandahs, Modern Fitted Kitchen and Utility, 3 en-suites (with an option for a fourth).

Accommodation

Ground Floor: Porch, Entrance Hall, Open Plan Living Room and Dining Room with Fully Fitted Kitchen off, Double Bedroom (en-suite), Utility.

First Floor: Double Bedroom (en-suite), Double Bedroom (with bathroom adjacent, connecting door to bedroom for use as en-suite), Double Bedroom (en-suite optional).

Tax Incentive/Capital Allowances

To avail of the tax relief, investors must lease the property to a holiday home management company for a period of 20 years, however, there is a ten year break clause. Each investor will become a shareholder in the management company. In order to avoid a clawback the property must be included in a register of holiday cottages established by Bord Failte for ten years from the date they are first used. The capital allowances are based on 80% of the purchase price of the holiday home. VAT is charged on the sale price of the holiday home. If the investor is registered for VAT, they can claim a VAT refund. VAT may alos be recoverable on cost of fitting out the holiday home.

Further details available from Tom Spillane & Co. Full Colour Brochure available.

The Capital Allowances are based on 10% per annum of years 1 to 10.

Phase Two: 3 Bedroom Homes extending to C. 1,300 Sq Ft
* 3 Year rental guarantee of €10,000 per Annum.
* Price: €475,000 plus VAT
* Includes Kit Out of €30,000