Section 23 attracts a wide range of cautious investor
Irish Independent, Friday 27th Feb 2004.

Westend Gate is a new development at Tallaght Town Centre which qualifies for Section 23 tax incentives. It is estimated that between 75% and 80% of the purchase prices will qualify for this relief.

Investors are wary individuals. Money, to them, is a commodity and they aren’t interested in making mistakes that might lose them money.

But even the most cautious among them is likely to be tempted by two new developments that Douglas Newman Good are currently marketing.

Situated near The Square shopping centre and beside the new Luas light rail station in Tallaght, and with a pivotal position on Tallaght Bypass/ Blessington Road, Westend Gate will consist of one and two bedroom apartments in a stylish and contemporary block formed around a generously landscaped communal area.

Designed by Anthony Reddy & Associates the developers here are Glan Developments Ltd and expected starting prices for one-bed units are from €275,000 and for two-bed apartments from €330,000. Underground car parking is available here at an extra cost.

Another development which also qualifies under Section 23, is at Cork Street and the corner of Cameron Street in Dublin 8. This will comprise of 1 and 2 bed apartments with expected starting prices from €275,000 and from €375,000 respectively.

Underground car parking is available at an extra cost of €30,000 per space. It is estimated that between 70-75pc of the purchase price will qualify for Sec 23 relief in this development.

Bookings are now being accepted off the plans for both developments at DNG’S offices in 30 Leeson Park, Ranelagh and further details are available.