kenmare - MyHome.ie

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FreshAir
a breath of
it is not often that you can walk a
couple of metres from your own
front door, turn your head and
come face to face with the highest
mountain in Ireland.
The geological giant that is
Carrauntouhill, rises an impressive
1,039 metres above sea level and is
part of the MacGillicuddy Reeks
range, formed during the
Armorican period approximately
250 million years ago. More
recently, well, about 70,000
years ago, glaciation rearranged
the topography by gouging
and scouring and ingeniously
sculpting the sandstone rock to
form the landscape as we know it
today. No better example of this
than Gleninchaquinn, located
just a short distance from Sheen
Falls Country Club, with its
spectacular waterfall leading to a
ribbon of lakes, log footbridges
and curling mountain paths.
It does seem strange, however,
that it took until the 1980’s for
someone to come up with the
idea of a Walking Club
to actually experience and
appreciate this astounding
landscape!
The Kenmare Walking Club, now
holds organised walks every
second Sunday for both members
and non-members. Its Whit
Walking Festival, which is held
annually and runs from the
English holiday weekend at the
end of May to the Irish Whit
holiday in the beginning of June,
is infamous amongst hardened
ramblers. The highlight of the
week has to be the ascent of
Carrauntouhill and those who
take part will be rewarded for
their efforts with a certificate and
an Ordnance Survey Map of the
region. You will however have to
provide your own sustenance for
the journey. Oh, and don’t forget
the foot lotion!
Now, if you are afraid of heights,
the mountain climbing might not
be your cup of tea. But don’t be
disheartened, with 300 acres of
parkland within the grounds of
Sheen Falls Country Club, there
are plenty of guided walks and
gentle strolls to suit all levels of
fitness and ability, each carefully
selected and planned with an
abundance of interesting features
and natural points of beauty to
see.

Summit
invite
The highlight of Whit Walking
Festival has to be the ascent
of Carrauntouhill.
walk yourownpath
..with 300 acres of parkland within the grounds of Sheen Falls
Country Club, there are plenty of guided walks and gentle strolls
to suit all levels of fitness and ability.
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TRAVEL IN SUPERIOR STYLE
www.helicopters.ie +353 21 4888 056 info@helicopters.ie

pleasure31
When we think about investments our minds immediately switch to
thoughts of equity markets, buying and selling shares, Bulls, Bears and
the Dow Jones. But there are other options open to us when it comes
to laying out our precious pennies. Here are a few tips for the intrepid
investor:
PROPERTY
Still a secure investment. The instability of the equity markets has
resulted in many people investing in property as a way of providing
themselves with a more profitable pension. A hot tip for the property
investor is to buy in an area which is ‘on the up’. Sheen Falls Country
Club, located close to the thriving, picturesque town of Kenmare, fits
the criteria of a sound investment.
Medium to long term.
FINE WINE
One of life’s more civilised pleasures, fine wines can also prove a
profitable investment if you are shrewd. To maximise returns, purchase
when still in barrels (en primeur) Traditionally Bordeaux and Burgundy
show best returns.
Medium to long term investment - between 10-15 years, but at the
very least 5 years
CIGARS
There are excellent returns to be made on cigars but you need to buy
premium stock and store them in optimum conditions. Large
Handmade Havanas - Montecristo, Cohiba, Partagas and Romeo are
highly desirable. Pre 1963 Cuban embargo cigars can fetch as much as
€22,000 for 100.
Medium term investment - between 3-5 years
ART
Many people choose art as their preferred investment. If successful, an
object of beauty will seem even more attractive as the value increases.
Consider the artist, age of piece, subject matter, style, and media.
The piece should appeal to you. Artist’s credentials are important -
training, exhibitions, previous sales.
Long term investment
investingin

32
architecturally
“Thejourney…toKenmareisoneof
astonishingbeauty,rock,woodand
spaseastretcharoundthetraveller”
These are the words of William
Makepeace Thackeray (Irish Sketch
Book) as he travelled Ireland in
the mid 19th century.
The lands attached to the Sheen
Falls Estate can still be
characterised by the powerful
drama of these natural elements
and exquisite beauty. The rushing
water, tranquil estuary, distant
mountain peaks and lush
woodlands have largely inspired
the form and design of Sheen
Fall’s houses. Each development
within Sheen Falls Country Club;
Mountain View, River View, Forest
View and The Courtyard has a
distinctive character requiring a
unique response. Every house is
adapted to maximise the
advantages that each site has to
speaking
offer in terms of orientation,
natural beauty, existing mature
trees, views and topography.
Large planes of glass draw the
spectacular natural environment
into the envelope of the house
enhancing the experience of
nature and minimising the divide
between inside and out.
The forms of the buildings are
simple and classic using a palette
of traditional natural materials;
stone walls, hardwood timber
cladding, painted plastered walls,
slate roofs and hardwood
timber windows. Internally, again
traditional natural materials are
used with modern clean lines
with the emphasis on warmth
and comfort.
Ideas to Fruition: (Below and opposite)
Initial design sketches develop into fully
fledged architectural CGI renderings.

The Faces behind the Falls: Oisín and Ilsa,
from renowned architectural firm Murray O
Laoire, who were responsible for the
integration of modern and traditional in
the Sheen Falls Country Club development.
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34 taxbreaks
Units registered on the ‘Register of Holiday Cottages’ will qualify for capital
allowances based on the construction expenditure incurred on the units.
The percentage of the purchase price of the units on which capital allowances
will be available is expected to be approximately 75%.
The capital allowances will be available to a purchaser at 10% over each year
for 10 years for offset against Irish rental income.
The units are anticipated to be completed in 2007 and the capital allowances
should be available for the tax year 2007 onwards.
Planning permission for the units was applied for prior to 31 December 2004
and certain transitional requirements in Finance Act 2006 (to extend the
period in which construction can take place to 31 July 2008) have been and will
be met.
A clawback of the capital allowances will arise if the unit is sold within 10 years
of being first let.
Value of Capital Allowances
A purchaser, who is an individual, should be entitled to claim capital
allowances as follows:
Building
Allowances*
10% per annum
Fit Out**
12.5% per
annum
€ Total
Year 1 Allowances €75,000 €2,500 €77,500
Year 2 Allowances €75,000 €2,500 €77,500
Year 3 Allowances €75,000 €2,500 €77,500
Year 4 Allowances €75,000 €2,500 €77,500
Year 5 Allowances €75,000 €2,500 €77,500
Year 6 Allowances €75,000 €2,500 €77,500
Year 7 Allowances €75,000 €2,500 €77,500
Year 8 Allowances €75,000 €2,500 €77,500
Year 9 Allowances €75,000 - €75,000
Year 10 Allowances €75,000 - €75,000
Total €750,000 €20,000 €770,000
Self Employed ***
Total Tax Savings @ 47%
(incl. 5% PRSI & Levies) €352,500 €9,400 €361,900
Non self employed ***
Total Tax Savings @ 44%
(incl. 2% health contribution) €345,000 €8,800 €353,800
* Based on a qualifying cost of €750,000
(with the purchase price being €1,000,000)
** Based on €20,000 Fit out cost
*** It is assumed that the investor has sufficient Irish rental income at
marginal rate to absorb the capital allowances each year. The tax savings are
calculated based on the prevailing rates at the time of writing.
The effect of the tax relief is to reduce the real cost of such a unit by
up to €361,900.
No account has been taken of any restriction for certain persons in the ability
to utilise the relief pursuant to changes in Finance Act 2006.
VAT
The price per unit is exclusive of VAT and this will be charged separately. It is
anticipated that each purchaser will register for VAT and recover same. Such VAT
is likely to be recoverable on the basis that the purchaser will lease the unit
under a ‘taxable lease’ to a marketing company which will use the unit for
tourism purposes.
If the lease is surrendered or the units cease to be used for tourism purposes,
a liability to VAT may then arise.
Stamp Duty
Stamp duty at the rate of 9% is payable on the VAT exclusive cost of a unit.
Interest Relief
Interest on borrowings used to purchase a unit will be deductible from the
rental income for tax purposes (and should increase relief available for offset
against other Irish rental income).
Disclaimer
The information contained in this document is based on our understanding of the tax
legislation and the current interpretation thereof. Investors should be aware that
legislation and practice are subject to change without notice. The calculations are
prepared using the tax rates prevailing at the time of writing. As with any property
transaction each investor should seek independent legal and tax advice. The promoters
and their advisors cannot accept any responsibility for any loss or damage however
arising including failure to obtain capital allowances occasioned by any person acting or
refraining from acting as a result of the information contained herein. The particulars
are issued on the understanding that they will not form part of any contract.
The document is confidential and is for use only by the person to whom it is addressed.

Sheen Falls Country Club is located
on the grounds of the world’s
renowned Sheen Falls Estate in
the picturesque village of
Kenmare.
This project will see the
development of luxury dwellings
comprised of spacious 4 bed
detached houses and exclusive
townhouses / apartments.
The extraordinary natural beauty
of the location is what makes the
Country Club development so
special.
The next few pages will provide
you with a better feel for and
greater insight into the features,
fittings and furnishings which
make this development unique.
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internalaffairs
Natural limestone
floors to entrance hall
Solid Danish wide
board floors in Oak and
Teak to kitchens, dining
and living rooms.
Marble and limestone
tiles to bathroom floors
and walls
Generous open
solid timber stair
Top of the range,
bespoke kitchens with
integrated fittings
Generous fireplace
and hearth clad in
local limestone
Walk-in Wardrobes
with built-in cupboards
Luxurious Scottish wool
carpets in bedrooms
and dressing rooms
Top of the range
Villeroy & Boch
Sanitaryware

IRELAND
KERRY
DINGLE
KERRY
KENMARE
LIMERICK
TRALEE
CORK
KILLARNEY
DUBLIN
to Kenmare
KENMARE
Sitemap
SHEEN FALLS COUNTRY CLUB
SNEEM
RING OF BEARA
KENMARE BRIDGE
KENMARE
KILLARNEY
THE SQUARE
KILGARVAN / CORK
KENMARE GOLF CLUB
SHEEN
FALLS
LODGE
SHEEN RIVER
GLENGARRIFF
Howtogethere

the courtyard
mountainview
forestview
riverview
W
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WALKWAY TREES ROADS
E
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mountainview
SHEEN FALLS COUNTRY CLUB
mountainview sitelayout
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Overview
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An essential part of the attractiveness
of the landscape around Kenmare
and Sheen Falls Country Club is its
unspoilt, rugged character. The
landscape comprises lush woodlands
juxtaposed with the exposed, rugged
mountainous topography of the
MacGillicuddy Reeks and the Iveragh
Peninsula.
Mountain View is sited on the
elevated meadows and mountainside
overlooking Sheen Falls Country Club
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framed by the rolling hills of
MacGillicuddy Reeks to the south.
The 13 detached houses positioned in
Mountain View are orientated to
maximise the stunning views from its
elevated position while creating
protected south-west facing terraces.
The existing mature trees on the site
have been preserved and will be
supplemented with new planting of
indigenous trees and meadow grasses
to enhance the unique quality of
this site.

The 13 houses that make up
Mountain View consists of 4
bedroom detached houses
ranging in size from 165 to 230
square metres.
HouseTypeE
* The layout depicted here is indicative of property available in Mountain View
Typicalmountainview houselayout
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forestview
SHEEN FALLS COUNTRY CLUB
forestview sitelayout
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Overview
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Much of the existing landscape
around Kenmare and the River has
extensive, mature woodland, much
of which was planted by Lord
Lansdowne. These areas of woodland
are important backdrops to views of
Sheen Falls Country Club from
Kenmare. The lush woodlands on the
southern shores create a natural
sylvan character and an important
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habitat to a wide variety of native
flora and fauna unique to this area of
Kenmare.
Forest View is a development of 29
detached houses built in the clearing
of a mature Spruce forest extending
along the western approach road to
the hotel.
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The 29 houses that make up
Forest View consists of 3
bedroom with study, and 4
bedroom detached houses
ranging in size from 165 to 241
square metres.
HouseTypeN
* The layout depicted here is indicative of property available in Forest View
Typicalforestview houselayout
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riverview
SHEEN FALLS COUNTRY CLUB
riverview sitelayout
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Overview
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The Kenmare river is a long and
narrow, south-west facing bay. It is a
deep, drowned glacial valley
characterised by ancient red
sandstone bedrock forming reefs
along the middle of the bay
throughout its length. The banks of
the river are abundant with mature
vegetation consisting of Alder, Willow
and Ash.
River View extends along the
northern bank of the fast flowing,
clean waters of the Sheen River.
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The river bank forms a clearing in the
lush woodland which provides a
natural platform for enjoying the river
and the mature trees.
The 21 detached River View houses are
nestled into the mature woodland
overlooking the flood plain and the
river. The houses on the eastern
extreme of the site, located within
close proximity to the river, enjoy the
spectacular sounds and views of the
rushing waters of the falls and
tranquil salmon spawning pools.
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The 21 houses that make up
River View consists of 3 bedroom
with study, and 4 bedroom
detached houses ranging in size
from 165 to 241 square metres.
HouseTypeB
* The layout depicted here is indicative of property available in River View
Typicalriverview houselayout
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the courtyard
SHEEN FALLS COUNTRY CLUB
the courtyardsitelayout
Overview
The Courtyard is a stylish, contemporary living space built in the heart of the
development. These apartments/townhouses are built using a palette of
traditional natural materials both internally and externally. The emphasis is on
comfort and warmth and of course the pleasure of owning your own little part
of the countryside.
The Courtyard comprises a development of 22 apartments/ townhouses centred
on a landscaped courtyard. The location enjoys close proximity to the hotel
and river.
*
Nothing contained in this brochure shall be deemed to form part of any agreement binding on the Vendor or its agents. While every effort has been made to ensure that plans and
information contained in this brochure are correct, it is designed specifically as a guide only and the right is reserved to alter, amend or correct the specifications without prior notice.
In the event of a sale, the Contract for Sale, Building Agreement and the plans and specifications ultimately signed and executed by the Vendor will constitute the sole agreement by
which the Vendor shall be bound. Independent legal advice should be taken by any prospective Purchaser prior to signing a Contract for Sale and Building Agreement.

Country Club Membership
With annual subscription to the Country Club,
you will be entitled to access to the following
upon payment of the usual charges:
• Fitness Centre
• Swimming pool, sauna and steam room
• Tennis court
• Croquet lawn
• Fishing in the Sheen River
• Clay Pigeon Shooting
• Horseback riding
• Tee off time in Kenmare Golf Club
(at the standard green fee – alternatively
annual or life-time membership)
• Golf Academy
As a member of the Country Club you will also
be allowed usage of:
• Helipad
• Walking in the woodlands on the property
Priority Access
Priority access will be granted for the following
upon payment of usual charges. This access is
before non residents, but not before
hotel guests:
• La Cascade
• Oscars Bar & Restaurant
• Spa treatments
• The Bar, Sun Lounge and the
• Restaurant Lounge
• The Billiards room
• The Library
Sheen Falls Lodge reserves the rights to refuse
guests of the Country Club access to the abovementioned
priorities, if already fully booked or
if exclusive use is being granted to hotel guests
The following services will be offered at
a charge:
• Accommodations services
• Daily cleaning or cleaning after departure
• Linen service
• Evening turndown service
• Private laundry and dry cleaning
• Chef and butler for private dinners in
your own homes
• Secretarial services
• Delivery of a food and drinks hamper
• Delivery of fresh flowers
• Daily newspaper
membership
MEMBERSHIP TERMS
Being a member of Sheen Falls Country Club allows you access to the facilities and
amenities of Sheen Falls Lodge. However, the following conditions apply.
• Access to business centre facilities
• Broadband Internet connection
• Ethernet networked with firewall
(one firewall for all houses)
• VPN possibility (at an extra setup charge)
• E-mail services (forward service or can be
collected from anywhere)
• Voice-mail
Association & maintenance fee
Included in this fee are the following;
• Common area utilities
• Public Liability Insurance
• Outside (general) maintenance of the houses
(Does not include painting)
• Upkeep of the grounds and surrounding
gardens in the development
• Common area lights, Roadway, paths and
pedestrian repair
• Reserve fund contribution (for long term
replacement and refurbishment)
• Sanitation (sewage)
• Refuse and recycling collection
(from Central Point)
• Equipment service
• Janitor services
(including spare keys holding, etc.)
• Arrange and gather estimates for
household repairs
• Concierge services
• Booking of various activities and taxis
• Arrange Airport pickup
• Receive deliveries (at a central point)
• Arrange to book an external babysitter
• Central Satellite TV and radio
• Administration
• Monthly billing service
Certain charges, membership dues and
restrictions may apply to the above services and
facilities. Note: Sheen Falls Lodge can change any
of the above-mentioned services at any time at
its own discretion.
Rental agreement.
Guests renting a house will be granted similar
rights to a normal hotel guest. Rental guests will
however, have restricted access to hotel facilities
at certain periods such as Christmas, Easter etc.
(please enquire).
FURTHER INFORMATION
Detailed terms and conditions, along with the
Members Charter and Rental Agreements are
available from;
Sheen Falls Lodge:
www.sheenfallslodge.ie.
Tony Sisk at McCarthy Developments:
tony@mcdev.ie
Telephone +353 21 491 5854
DVD
View our Sheen Falls presentation on the DVD
attached. If this is not attached below, please
contact us above for a copy.

ON THE GROUNDS OF
SHEEN FALLS COUNTRY CLUB
The Place to live in Kenmare
A luxurious development of Country
Lodges and Modern Apartments.
Kenmare was nominated by Fortune Magazine as one of the best
places in the World to live, and Sheen Falls Country Club is the
best place in Kenmare.
Set on the breathtaking grounds surrounding Sheen Falls Lodge,
these properties enjoy stunning views of Kenmare Harbour, the
Waterfalls and the surrounding countryside.
www.countryclubkenmare.com
For more information:
McCarthy Developments: 353 (21) 4915854
Tony Sisk: 353 (87) 2790826
www.mcdev.ie
www.sheenfallslodge.ie
H+A connect. www.haconnect.ie