Mullingar: from €295,000: Apartments in Mullingar with tax designation status go on sale this weekend with joint agents James B McDonnell and Hooke & MacDonald.
This is the final phase at Market Point, a €60 million development in the centre of Mullingar.
The site faces onto the Royal Canal and a pedestrian bridge links the apartments with train and bus stations. Show units will open on Saturday and Sunday afternoon.
Under Section 23, owner-occupiers can set part of the purchase price against all income, spread over a 10-year period.
Investors can offset the same amount against all rental income in the Republic.
Investors were predominant among buyers in earlier phases and these units are almost all occupied.
The 40 apartments for sale in this phase are built and ready to let or move into. Prices are from €295,000 for two-bedroom apartments of 67-77sq m (720-825sq ft). Two-bedroom duplex units of 68-73sq m (730-785sq ft) start at €320,000. From €375,000 buys a three-bedroom duplex of 102sq m (1,097sq ft). The price includes a full furniture fit-out, wood floors and car parking.
The town centre location of Market Point has attracted a number of professionals to its office units.
The main avenue running through the development is mainly occupied by medical clinics and related practices.
Landscaping is in place and open areas are beginning to mature.
Developer FK Construction has a strong track record in the new homes market in the Midlands area and specification at Market Point is of a high standard. John Fleming is the architect.
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