Property Overview:

• Part of the New Development at Lakes Retirement Village
• Group of New Apartments For Sale
• 6 units available in this development

Availability: Three apartments remaining.

Property Description:

Clare Tipp Properties (www.claretipp.ie) are delighted to offer for sale or lease these fine luxury apartments. Located in the small exclusive development of “The Lakes Retirement Village�, Killaloe and adjacent to “The Lakes� Nursing Home - they are in a much sought after location. Being well within walking distance of all local amenities that Killaloe/Ballina has to offer including Churches, Doctors, Shops, Boutiques, Supermarkets, Pubs, Restaurants, Bistros, Library and lots of natural walkways.
You enter the “Retirement Village�, by an imposing front entrance of mellow stone walls, to the right is the turn to the main Nursing Home which is home to 58 resident capacity and to the left the entrance to the Lakes Village. These apartments are designed with independence and luxury in mind.
Accommodation comprises:
Living Area: (5.92m x 4.34m) (19’5� x 14’3�)
You enter this lovely bright area through a mahogany front door with side glazed panel and diamond shaped security window to the front. Step into a perfectly fitted out airy space with two front aspect windows, with cream curtains floor length, there are four dining chairs and a light wood table, a fresh cream leather settee with contrasting cushions and a feature electric coal effect fire. You will notice a flat screen t.v on the wall above the fire and in the corner a comfortable cream leather arm chair.
There is also a large corner cupboard with three drawers under. Wooden flooring glistens in the natural light in the lounge area and there are ample power points, t.v. point and phone point with own telephone.
Kitchen Area:
Creamy pink slate tile flooring surround the kitchen area with under-floor heating. The soft tones of cream again complimenting the wall and floor units There is a stainless steel sink, fitted fridge, dish washer, cooker and electric hob with extractor hood all included in the asking price plus the kitchen includes pots/pans, crockery, cutlery, cooking utensils, electric kettle, toaster, built-in microwave, etc, there ample power points in the kitchen area for extra appliances.
Ground Floor Apartments; Storage: (6.38m x 1.17m) (20’11� x 4.2�)
The storage area has a door off the main room, there is a large water cylinder and washing machine housed in this area, there is also plenty of space for storage, coats etc.
Hall: (1.66m x 1.6m) (5’5� x 3’10�)
Creamy pink tile flooring throughout.
Bathroom: (2.51m x 1.99m) (8’3� x 6’6�)
The bathroom/wet-room is completely tiled, with wash hand basin, with easy use tap, w.c. with hand rails to both sides. The shower area has been designed as a wet area and is ideal for disabled etc use.
Bedroom 1: (2.66m x 4.56m) (8’9� x 14’11�)
Carpeted flooring, with double bed, two bedside drawers with wood lamps, French door, fitted light wood wardrobe, office area with light wood desk side aspect window and chair, wall mounted electric heater, light cream walls, tastefully decorated room.
Bedroom 2: (3.78m x2.85m) (12’5� x 9’4�)
Wall mounted electric heater, double bed with two bed-side drawers with wooden lamps, French doors, carpet flooring, light cream walls, an attractive and tastefully decorated room.
Outside;

Front Area; Concrete pathway, gravelled areas with shrubs and plants planted here and there, ample parking and leisurely walkways dotted with conversational areas complete with benches etc. A peaceful, yet practical “village within a villageâ€� â€" small and compact to enjoy each other’s company.

Services: Mains services.
Features:
Double-glazed windows and doors.
Pristine condition with four star layout as standard.
Electric under floor heating to all tiled areas.
Electric storage Central Heating.
Tastefully decorated with a luxury standard of furnishings.
An ideal home for independent living or investment.



From an Investment point of view, these apartments with their luxury fit-out and
location are well positioned for the independent retirement-age generation which, it is envisioned, will be the majority age group in Ireland for the foreseeable future. Also it is important to note that there is no age restriction here â€" thus the audience for these apartments is larger than for most retirement villages with age restrictions
attached.
Tenants and owner occupiers will have priority over waiting lists for entry into the Nursing home.
Situated 150 yards from the nearest church, shops and restaurants, Lakes Retirement Village consists of 36 homes divided between 32 two bed apartments, and 4 two bed detached single storey houses. Each home is 700 sq feet and all been specifically designed to meet the needs of older people, including those with disabilities and confined to wheelchairs. All the houses come fully fitted, including carpets, cutlery, crockery and furniture. Also in each home is a shaker fitted kitchen, including all electrical appliances. Homes benefit from under floor heating to selected tile areas and wood finish floors to all other areas. Economic electrical, storage and thermostat controlled heating is included along with UPVC double glazed windows. Each house has a colour wall mounted LCD television and coal effect fireplace. While the intruder alarm and fire alarm in each home gives residents a peace of mind.
 These homes are adjacent to the Lakes Nursing Home, which is a modern custom designed and purpose built VHI and Health Board registered facility, set in its own grounds. Each house has a 24 hour emergency call system linked to the nursing home, giving residents 24 hour access to the nursing homes skilled staff and medical facilities and thereby giving residents and their families a peace of mind. The Village also has its own state of the art day care centre that promotes independent living for its residents in a safe and comfortable environment. An onsite caretaker ensures that the grounds are maintained and the onsite security gives secure living for residents. Residents can also avail of additional services such as the use of the library in the nursing home, hairdressing and a laundry and shopping service. Additionally the Village enjoys a relationship with the renowned home care service, Comfortkeepers.
The Lakes Retirement Village is operated and maintained to the highest standard and is approved by the Cara Housing Association. This is a private sector option. It may well suit individuals or couples with sufficient resources to purchase suitable accommodation in Ireland and could benefit from a short lease while identifying options and coming to a decision on whether or not to return to Ireland for their retirement.
Deciding to return to live in Ireland is not an easy decision, however the Safe-Home programme, who have been involved in assisting older emigrants to return to Ireland since 2001, suggest that anyone thinking of returning to Ireland should ensure that they have all available information to assist them in making the correct decision for themselves. Safe-Home would be happy, as an independent organisation, to provide information to anyone wishing to receive it. The Safe-Home returning to Ireland pack contains information on what income will transfer and what won't; whether or not someone will be eligible for a medical card; bringing a car to Ireland; tax matters; documentation to bring with you when you come home and Safe Home are always willing to answer specific questions from potential returnees regardless of where they hope to settle.  
The Lakes retirement Village is a stunning new standard in elderly living. In a secure and tranquil community it allows for comfortable, independent living with the peace of mind of having expert medical facilities on your doorstep. It is also a rare opportunity to live in one of the most picturesque areas of Ireland.   

***These Apartments maybe offset against all income as well as Irish source rental income per annum.
For example;
Self-employed with tax rate of 42% + 6% prsi
May receive up to €30,000 tax rebate each year for4. 5 years.
(Tax shelter gross of approx. €65,000 per year for 4.5 years,
Of which €31,750 can be used against any source of income and
The balance against Irish source rental income only.

INCOME €5,000 PER ANNUM for the duration of the remaining years is BANK GUARANTEED. (tax life is 10 years from Jan 2007 i.e. as of Nov 2008 there is a little over 8 years remaining.

There are two units available of with 91% allowances apply (from the first build) over 5.41 years (7 year tax life from commencement less time since)



SECTION 268 TAXES CONSOLIDATION ACT, 1997.

Lakes Retirement Apartments incorporates only 36 two bed c.750sq.ft. self-sufficient luxury Apartments. Attached to the Lakes Nursing Home, Killaloe this development will be professionally fully managed with all “turnkey� units fitted out to the highest standards and each will have access (if required) to the nursing home’s skilled staff and medical facilities on a 24 hour basis. The tax relief each year is available for offset against profit rent from the retirement home and other Irish source rental income and then against total income (all income) to a maximum, of €31,750 per annum with the balance going against Irish source rental income.

This is one amazing Investment opportunity and is definitely worth checking out further.

Terms and Conditions Apply.

Accommodation:

Clare Tipp Properties (www.claretipp.ie) are delighted to offer for sale or lease these fine luxury apartments. Located in the small exclusive development of The Lakes Retirement Village, Killaloe and adjacent to The Lakes� Nursing Home - they are in a much sought after location. Being well within walking distance of all local amenities that Killaloe/Ballina has to offer including Churches, Doctors, Shops, Boutiques, Supermarkets, Pubs, Restaurants, Bistros, Library and lots of natural walkways.
You enter the Retirement Village�, by an imposing front entrance of mellow stone walls, to the right is the turn to the main Nursing Home which is home to 58 resident capacity and to the left the entrance to the Lakes Village. These apartments are designed with independence and luxury in mind.
Accommodation comprises:
Living Area: (5.92m x 4.34m)
You enter this lovely bright area through a mahogany front door with side glazed panel and diamond shaped security window to the front. Step into a perfectly fitted out airy space with two front aspect windows, with cream curtains floor length, there are four dining chairs and a light wood table, a fresh cream leather settee with contrasting cushions and a feature electric coal effect fire. You will notice a flat screen t.v on the wall above the fire and in the corner a comfortable cream leather arm chair.
There is also a large corner cupboard with three drawers under. Wooden flooring glistens in the natural light in the lounge area and there are ample power points, t.v. point and phone point with own telephone.
Kitchen Area:
Creamy pink slate tile flooring surround the kitchen area with under-floor heating. The soft tones of cream again complimenting the wall and floor units There is a stainless steel sink, fitted fridge, dish washer, cooker and electric hob with extractor hood all included in the asking price plus the kitchen includes pots/pans, crockery, cutlery, cooking utensils, electric kettle, toaster, built-in microwave, etc, there ample power points in the kitchen area for extra appliances.
Ground Floor Apartments; Storage: (6.38m x 1.17m)
The storage area has a door off the main room, there is a large water cylinder and washing machine housed in this area, there is also plenty of space for storage, coats etc.
Hall: (1.66m x 1.6m)
Creamy pink tile flooring throughout.
Bathroom: (2.51m x 1.99m)
The bathroom/wet-room is completely tiled, with wash hand basin, with easy use tap, w.c. with hand rails to both sides. The shower area has been designed as a wet area and is ideal for disabled etc use.
Bedroom 1: (2.66m x 4.56m)
Carpeted flooring, with double bed, two bedside drawers with wood lamps, French door, fitted light wood wardrobe, office area with light wood desk side aspect window and chair, wall mounted electric heater, light cream walls, tastefully decorated room.
Bedroom 2: (3.78m x2.85m)
Wall mounted electric heater, double bed with two bed-side drawers with wooden lamps, French doors, carpet flooring, light cream walls, an attractive and tastefully decorated room.
Outside;

Front Area; Concrete pathway, gravelled areas with shrubs and plants planted here and there, ample parking and leisurely walkways dotted with conversational areas complete with benches etc. A peaceful, yet practical village within a village small and compact to enjoy each others company.

Services: Mains services.
Features:
Double-glazed windows and doors.
Pristine condition with four star layout as standard.
Electric under floor heating to all tiled areas.
Electric storage Central Heating.
Tastefully decorated with a luxury standard of furnishings.
An ideal home for independent living or investment.



From an Investment point of view, these apartments with their luxury fit-out and
location are well positioned for the independent retirement-age generation which, it is envisioned, will be the majority age group in Ireland for the foreseeable future. Also it is important to note that there is no age restriction here thus the audience for these apartments is larger than for most retirement villages with age restrictions
attached.
Tenants and owner occupiers will have priority over waiting lists for entry into the Nursing home.

***These Apartments maybe offset against all income as well as Irish source rental income per annum.
For example;
Self-employed with tax rate of 42% + 6% prsi
May receive up to 30,000 tax rebate each year for4. 5 years.
(Tax shelter gross of approx.65,000 per year for 4.5 years,
Of which 31,750 can be used against any source of income and
The balance against Irish source rental income only.

INCOME 5,000 PER ANNUM for the duration of the remaining years is BANK GUARANTEED. (tax life is 10 years from Jan 2007 i.e. as of Aug. 2008 there is approx 8.5 years remaining.

There are two units available of with 91% allowances apply (from the first build) over 5.41 years (7 year tax life from commencement less time since)


THE ABOVE MEASUREMENTS RELATE TO ONE PARTICULAR APARTMENT. SLIGHT DIFFERENCES IN DESIGN AND MEASUREMENTS WILL APPLY TO EACH INDIVIDUAL APARTMENT.
Important notice to purchasers Clare Tipp Properties endeavour to make these sales particulars accurate and reliable. However, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements or representation of fact. The services, systems and appliances if mentioned in this specification have not been tested by us and no guarantees as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further