On Lower Gerald Griffin Street, Old Windmill Court is right in the heart of the citycentre.

These units come with guaranteed rental income and are aimed largely at investors.

Ready to go, these apartments come fully fitted out and prices start from 270,000.

Launched by Liberty Asset Management, Old Windmill Court comprises 133 two-bed apartments. Designed by architects Murray O'Laoire, this is a contemporary, upmarket scheme which comes with 24-hour concierge service, underground parking and video intercom system.

According to Ian Lawrie, managing director of Liberty Asset Management, Old Windmill Court is a solid investment, owing to the fact that Limerick city is undergoing such financial, commercial and social redevelopment. And the city-based location should ensure strong rental potential and good capital appreciation over the years.

Laid out in four blocks overlooking a quiet landscaped courtyard, it's hard to believe this scheme is bang in the middle of the city. All two-beds include a hall, kitchen, living/diningroom, two bedrooms and two bathrooms.

Under the Section 23 Urban Renewal rules, investors can offset tax against 84% of the purchase price.

Price: two-bed apartments with Section 23 tax relief from 270,000.

Agent: Liberty Asset Management 01-6362700.