No. 35 Watervale,Rooskey, Co. Roscommon

This excellent home is located overlooking the Shannon at Rooskey, Co. Roscommon. Situated in a pleasant cul de sac in a well established development it enjoys direct views of the Shannon. This property offers a unique investment opportunity for purchasers seeking tax relief against rental income. The property has allowances against rental income that can be used immediately. The buyer need only continue to let the property for 6 more years. At that point it can be sold or used as a holiday home without penalty. The amount of allowances available will be equal to the purchase price up to a limt of c. €140,000. There is a good tenant in place with 11 months left on the current letting agreement. The property is in excellent condition, fully fitted to a high standard. It is concrete built, OFCH, UPVC windows, built in wardrobes and 1 Ensuite. If purchased at or below the AMV, no stamp duty will apply. This is an excellent opportunity to save as much as €50,000+ in Tax payable on rental income at the higher rate, while still acquiring an excellent property at the bottom of the market.

Situated in a quiet estate overlooking the River Shannon
Quiet cul de sac location
c. 3 minutes from N4 national primary route
Easy drive of Carrick on Shannon and Longford
Proven rental record, tenant in place
Close to Dromod Railway station - Dublin- Connolly Line
Fully Furnished
Significant tax breaks for Investors

Ground Floor: Foyer, WC, Open Plan Kitchen/Dining/Living room.

First Floor: Bathroom, 2 Double Bedrooms, 1 Single Bedroom, 1 Ensuite

Turn over the bridge in the village heading towards Scramogue, Water Vale is at the edge of the village opposite the road for Tarmonbarry.

By Appointment

Monica Burke