Custom-built care in Oranmore - Galway Independent

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Custom-built care in Oranmore

Written by Administrator

Wednesday, 24 January 2007

O'Dolan & Partners have announced the launch of a custom-built care complex just outside Oranmore Village.

This development of 15 one and two bedroom apartments is set on the secure grounds of Oranmore Care Centre, just off the main Dublin Road, only seven miles from Galway City Centre.

This exclusive development provides the elderly/retired with secure surroundings, with 24-hour security, gated entrance and 24-hour on-call care assistance if required. Combined with the ability of being independent, these attributes make this development attractive to anyone thinking of this style of living.

All apartments are finished to high standards and come either furnished or unfurnished. There is a call bell service, so in case of an accident, a nurse can be of assistance within minutes.

On the tax front, capital allowances will be available over seven years on the residential units, based on the net price paid by the purchaser. The level of capital allowances available to investors will be in excess of 80 per cent. The allowances will be spread evenly over the seven-year period. However, the holding period to avoid a claw back of capital allowances will be ten years. The capital allowances are available for offset primarily against Irish source rental income, but there is scope for an annual offset against other income of €31,750 per annum.

For more information on this new development, contact O'Dolan and Partners on 091-865000 or go to www.odolanandpartners.com.

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