MICHAEL CLARKE of Savills is seeking over €1.6 million for a crèche investment with significant capital allowances at the Stationcourt development in Coolmine,Dublin 15. Even before the tax breaks, an investor can earn a return of 9.59 per cent.

The 628sq m (6,760sq ft) building is let to Giraffe Childcare on a long lease. Capital allowances will be available on 90 per cent of the purchase price and they can be claimed against Irish rental income as well as up to €31,750 a year on other income. The crèche building is beside Coolmine train station and it is also close to Blanchardstown Town Centre.