Edenhall @ The Village, Model Farm Road, Cork

Edenhall: Phase II

Edenhall @thevillage, Model Farm Road offers the final phase of our successful development of student, sporting and commercial services. This outstanding development has a full management service in an outstanding location. Following the success of our first phase, which is now operational, we have combined some magnificent features to the development, which will ensure the attractiveness of the project for rental income.

Edenhall@theVillage is an integrated, student, sporting and commercial development. This project is a fully recognised section 50 development, certified by the Cork Institute of Technology. Great care has gone into site selection and into the overall planning of this new development in terms of design, construction, students needs and landscaping.

Edenhall@thevillage, incorporates the essentials of an excellent property investment such as prime location, ready rental market, quality design and construction. Edenhall is a superb development of apartments built by leading developers Myraoak Ltd. Already Edenhall has established itself as the leading development in the student accommodation sector.

The complex is situated on the Model Farm Road, an excellent location in Cork. Our development is 8 minutes walk from the Cork Institute of Technology (CIT). We are on a direct bus route (or 30 mins walk) from University College Cork (UCC). Direct Bus access also runs to the Cork University Hospital (CUH). Only 5 minutes away is the award winning leisure centre "Leisureworld", offering 25m and 18m swimming pools. A large range of health and leisure services are also available. Edenhall @thevillage is also located within easy access of Wilton Shopping Centre. All in all this development is ideally situated for every student, whether in UCC, CUH or CIT.


This site is truly unique. There are numerous natural features that make this site and development so appealing. Special attention is being paid to the creation of extensive landscaping to match the existing superb natural environment. Myraoak Holdings and their architects designed the Edenhall development to complement the superb natural features of this unique site.

This brand new complex has 2, 3 and 4 bedroom apartments available to lease. Each room is en-suite and is finished to a very high standard. Each room has a large study desk with a broadband connection for quick internet access. Each apartment has a large comfortable lounge area with cable tv. The kitchens are fully equipped with all modern appliances. Each apartment comes with a full selection of ware, while the dineing area is spacious. On site facilities @thevillage will include a sports centre, conference facilities and a range of food and beverage facilities.

Edenhall @thevillage provides a campus environment which research has shown provides students with a more comfortable environment.The safety features and quality surrounds cannot be matched by the normal suburban residental accomodation offered to students. Edenhall has on-site wardens and CCTV surveillance cameras. The facilities at Edenhall are second to none. Some of the facilities include:
Indoor Tennis
Four indoor courts will be provided and accessible from 8:00a.m. to 11:00p.m. daily
Outdoor Tennis
Four Outdoor tennis courts will be created on the eastern side of the development. These courts will have an artificial grass surface and will be full floodlit. Membership and pay as you play rates will apply.
Gymnasium
A full range of aerobic and weight-training machines will be provided togrether with professional training and development programmes. Residents will have access to this facility.
Health and Beauty
A range of services provided by independent professionals will be available on-site including massage, beauty therapy, sauna, plunge pools, physiotherapy and a sports injury clinic.
Sports Cafe
An attractive cafe style bar eill be preovided in the sports arena catering for light meals and healthier options. A juice bar will be incorporated and this area will provide a bright focal point to social interaction in the arenea. Convience Store
A suitable area will be provided for a modern store supporting the needs of our residental student population.
Italian Restaurant
A themed restaurant is planned to provide both quality and convienence for our residents and local customers.
Full Service Restaurant
We plan to provide a mid-market full service restaurant on the western side of the development.
Bars
Our main bar will be modern and open in style. It will provide food daily, serving the local commercial, academic and residental lunchtime trade. Evening time will see an electric mix of sport, live music and culture... Our second bar will be more traditional in style providing an intimate venue for the more mature local customer.
Conference Rooms
We will provide a range of business suites and conference rooms to service the local commercial market.
Nature Walks
The natural shrub lands of the Inchigaggin river border Edenhall. We will proovide secure access to this walkway from the Northen boundry of our development.

Edenhall: Attractive Section 50 Investment

Edenhall @thevillage, Model Farm Road offers the final phase of our successful development of student, sporting and commercial services. Invest in a unique opportunity that provides a full management service in an outstanding location. Following the success of our first phase, which is now operational, we have combined some magnificent features to the development, which will ensure the attractiveness of the project for rental income. The development is a fully recognised section 50 development.

What is Section 50?
Section 50 is described as a "Section 23" type tax investment, therefore the cost of construction, excluding the site cost, can be used as rental deductions, to be offset against rental profits.

What deductions are available?
Edenhall @thevillage provides in excess of 90% of the purchase price as rental deduction.

Can I carry forward unused deductions?
Yes, if the relief is not fully utilised during the 10 year period, it may be carried forward indefinitely until it is fully utilised. The life of the tax-break is 10 years and your obligations under section 50 are 10 years, thereafter you may use the unit as you see fit.

Can I take all the relief in the first year?
Yes, if you have sufficient Irish source rental income. You can be flexible in how the relief is allocated against your Irish rental income.

Will my property be managed?
A full time professional management company are in place to let and manage your property. An on-site office will be available as a point of contact.

How can I be sure that my investment is protected?
Section 50 approval ensures that the apartments are designed and built specifically for rented self-catering accommodation. The fit-out is in accordance with Bord Failte guidelines for 3* accommodation which ensures a quality fit-out. A landlord/tenant agreement will be created with a parental guarantee where necessary. Rent and Security deposits will be required in advance. There will be an 24/7 management company or security.

How many students are in the college?
CIT currently enrolls 6,500 full time students, 3,000 trainees and 2,500 part-time and post-grad students. Edenhall @thevillage is a 10 minute walk from the college.

Who sets the rents for the apartments?
The management company will set the room rents based on a yearly basis based on market forces.

Can I supply my own fit-out?
No. The fit-out will be of an excellent standard and will ensure uniformity throughout the complex.

How is the rent paid?
Students will pay the rent in two moieties. These will be due in October and January of each academic year.

Can I sell my apartment during the 10-year period?
Yes. You are free to sell your property during the 10 year period. However, there will be a claw back of the tax relief where the apartment is sold within 10 years. Subsequent purchasers may claim the original allowances where clawback arises.

EMAIL newhomes@irishandeuropean.ie FOR FURTHER DETAILS ON THIS PROPERTY