The Arches

Gas House Lane, Co. Kilkenny

The Arches is one of the most exciting property developments ever undertaken in Kilkenny City. Due for completion by the end of 2005, it is of unique architectural design, built in a contemporary style to exacting standards. Generous proportions and spacious apartment layouts offer more scope and scale than many city apartment developments. Feature balconies and roof terraces, contrasting bold colours, all contribute to make the Arches a landmark on Barrack Street, near the heart of Kilkenny city. There is a choice of one, two and three bedroom apartments and a limited number of commercial units – all as exceptional and individual as you!

Continental style urban quarter
The Arches has been fastidiously designed to create a harmonious balance between residential and commercial which, in conjunction with neighbouring developments within the IAP area, will create a near Continental style urban quarter. Sustainability is a key component, reflected in new squares and sufficient residential accommodation to maintain a
vibrant commercial sector.

Harmonious balance
This exceptionally well located site has retail at ground floor level fronting onto Barrack Street and three and four floors of apartments above. A courtyard in the centre of the scheme provides a car park, while access to the apartments is through three separate lobby areas.

Luxurious apartments
There are 75 apartments in total. These include one bedroom apartments of between 510 and 565 sq. ft., two bedroom apartments of between 690 and 880 sq. ft. and three bedroom apartments of 910 sq. ft. All of the two and three bedroom apartments have an en suite and there are good-sized balconies provided with virtually all of the apartments. There is a very large communal roof garden fronting onto Gas House Lane, which is another attractive feature of the development, and all apartments are served by a lift.

Tax Incentives under the rural renewal relief scheme

Investors
Section 23 Type Relief is available to investors acquiring apartments in the Arches which will enable investors to offset 100% of the construction cost of the apartment against all Case V rental income.

Owner Occupiers
Owner occupiers can offset 50% of the construction cost of the apartment against
all income, including PAYE at 5% per annum over 10 years.Potential investors are strongly advised to consult their tax/financial advisors about their own individual tax positions in relation to this or any similar investment opportunity.

Management and Maintenance
A full time management company has been appointed to make sure that the development functions flawlessly, and maintains a clean, contemporary look. Complete Support Services Ltd. will look after the management and maintenance of The Arches. In addition to making sure that The Arches remains in pristine condition, Complete Support Services Ltd. will deal quickly and efficiently with repairs and any on-site emergencies that might arise. Security and upkeep are foremost within The Arches. Investors and owner occupiers can relax in the knowledge that top-level maintenance is a key aspect of the successful management of The Arches. Letting and management services are available to all investors in The Arches. The quality and location of the scheme will ensure The Arches will be the most sought after accommodation in Kilkenny. This is one of the last opportunities investors will have to avail of this type of tax relief.