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Thursday, 4th September 2014

A site of approximately 2.69 acres (1.09 ha) on the Cork Road in Waterford is on the market for €400,000. The sale is being handled by Savills Cork.

The subject property is a corner site with road frontage to both the Cork road and a spine road to the east of the site. It is located in Butlerstown North approximately 3 kilometres west of Waterford City Centre on the main Cork / Waterford Road on the R680 and approximately 2.5 kilometres from the N25 (Cork / Wexford) route.

The property is zoned under the Waterford City Development Plan 2013 – 2019 as "General Business", with the main objective of the zoning to provide and improve general business uses in the area.

To the west of the site is a Mercedes Showroom and to the east of the site is

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Thursday, 4th September 2014

John Smiles - Qualified Financial Advisor

How expensive is student accommodation?

Going to college can be a stressful time financially, particularly in relation to finding somewhere to live within your budget. The Irish Times recently reported that rents in Dublin are soaring as students begin the search for accommodation.

Students seeking accommodation can now access a new service – the Rent Index, launched by the Private Residential Tenancies Board [PTRB] that will help them assess the cost of accommodation in their chosen locations around the country.

The Index offers details of actual rent levels across differing types of accommodation, including those near Ireland's third level institutes, based on its register of 300,750 tenancies across the country. It is the most accurate and authoritative rent report of its kind on the private accommodation sector in Ireland.

It is

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Wednesday, 27th August 2014

John Smiles

Qualified Financial Advisor

How are Central Banks affecting investments?

With the US and UK looking to wean their economies off their central bank dependency, the ECB's recent moves to ease monetary conditions and the Bank of Japan continuing to struggle to combat two decades of economic malaise, Central Bank meetings have become key market-moving events to an unprecedented extent.

Never before, in the investment World, have Central Banks been so prominent. They are no longer merely increasing or decreasing interest rates but instead announcing complex monetary policies which are in some cases unprecedented and untested measures. It will be impossible to navigate the investment waters of the next few years without keeping one eye firmly on Central Bank policy.

Each of the economies in question is at a different stage of their recovery cycle. The US and UK, who were the quickest to

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Wednesday, 27th August 2014

tax-free income of up to €10,000 if they rent their rooms to students

With the demand for student accommodation rising and with a shortage in private rented accommodations suitable for students, the Rent-A-Room relief scheme offers Waterford home owners the possibilities of earning a tax free income.

With the average rent nationwide at €915 per month, leasing a spare room at €500 a month over a nine months college term for 5 days a week could provide the same net income as €8,500 in gross salary for an average worker.

Aidan Clifford, Technical Director of ACCA Ireland said: "The Rent-A- Room relief is a good option for Waterford home owners with a spare room located near good transport routes. The annual tax free limit is €10,000, so an owner could rent two or three rooms before coming into the tax net. For an

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Wednesday, 27th August 2014

The Waterford Institute of Technology in collaboration with the Institute of Technology Carlow and Enterprise Ireland is currently recruiting for its New Frontiers Entrepreneurs Development Programme. This intensive training and support programme provides desk space, mentoring, business master classes, networking plus €15,000 in financial support to accelerate business start-ups across the Southeast region. (*Subject to eligibility)

New Frontiers is for potential entrepreneurs who have a well thought-out innovative business idea or an innovative technology that has the potential to be developed into a scalable high potential start-up company. Applicants should have enthusiasm, confidence and single-mindedness about setting up and running your own business and should be committed to spending time on researching the market potential and launching a new business.

Phase 1 of the Programme will

commence in Waterford in September 2014 on a part-time basis, with Phase 2 commencing in December 2014.

For

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Wednesday, 27th August 2014

Waterford Chamber is reminding businesses that there is just one month left until e-Day. Set for September 19th 2014, e-Day is the date from which Government Departments and offices, local authorities and State agencies will no longer issue or accept cheques in their dealings with businesses.

Speaking this morning, Nick Donnelly, CEO, Waterford Chamber said, "The move from cheque to electronic payment methods is a positive one which will save money for both the Government and businesses alike, in fact it estimated that the economy will save €1 billion per annum by a comprehensive move to electronic payments. This move will allow businesses to save money by eliminating the use of expensive cheques, reducing administration costs and also improving cash flow as funds will move more rapidly between accounts."

A Central Bank report released today shows that 80% of all business cheques

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Wednesday, 20th August 2014

John Smiles

Qualified Financial Advisor

How can wealthy investors help in the fight against poverty?

Private individuals, particularly wealthy investors, have a potentially significant role to play in reducing poverty, through a combination of sustainable and impact investing and philanthropy, according to a new white paper ‘Furthering the fight against poverty’, produced by UBS Wealth Management.

Impact investing offers an opportunity to finance poverty reduction and other social projects that may otherwise go unfunded. But many investors feel it generates lower returns than listed assets and argue that their fiduciary duties prevent them from embracing it. This perception is not necessarily fair. Many impact investments occur in areas where markets have failed, and where outsized returns can be made. It is not a revolutionary idea that companies run in the interest of all stakeholders, including suppliers, clients, and employees, should perform more sustainably or

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Wednesday, 20th August 2014

The commercial vacancy rate in Waterford has increased from 12.0% in Q2 2013 to 13.3% in Q2 2014 according to new data published by GeoDirectory. For the first time the report includes an analysis of the commercial vacancy rate of industrial commercial property across the country.

According to this, the sixth edition of GeoView which is published quarterly, there are 223,152 commercial address points across the country, of which, 28,013 were classified as vacant.

As expected, Dublin (22.0% or 48,989 address points) had the highest number of unique commercial address points. This is followed by Cork (11.7% or 26,006 address points) and Galway (5.7% or 12,763 address points). Leitrim, Longford and Carlow had the lowest number of commercial address points, each with less than 3,000 units.

The highest vacancy rate was in Sligo (16.0%), followed by Leitrim (15.5%) and Galway (14.8%). The national

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Wednesday, 20th August 2014

54 Green Oaks, Rockshire Road, Ferrybank, Waterford €133,000

Ennis Gough Property is delighted to offer this beautiful three bedroom home for sale on a quiet cul-de-sac in Green Oaks, off the Rockshire Road. 2004 built by popular local builders, Finn Homes, this block built semi-detached home (Circa 86m2) provides the following accommodation.

Tiled hallway with guest WC under the stairs. Livingroom with solid timber floors and edwardian style fireplace. Kitchen-diner with beech effect vinyl wrap fitted units and porcelain tiled floor. The upper accommodation consists of a front double bedroom with box-bay window and fitted double wardrobe; front single bedroom with fitted (cabin-style)bed; rear master double bedroom with en-suite shower room and newly installed "Sliderobe" wardrobes. The family bathroom features white porcelain ware. A "Stira" stairs provides easy & safe access into the attic which is partially floored for storage. The property

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Wednesday, 13th August 2014

John Smiles

Qualified Financial Advisor

What is an ARF?

When taking retirement benefits, most people firstly take the maximum allowable tax free cash. The balance of their fund must then be used to purchase an annuity [a pension for life] or alternatively be invested in an Approved Retirement Fund (ARF).

An ARF is a personal retirement fund where you can keep your money invested after retirement, as a lump sum. You can withdraw from it regularly to give yourself an income, on which you pay income tax, PRSI and Universal Social Charge (USC). Any money left in the fund after your death can be left to your next of kin.

Investing in an ARF is an option if you are self-employed, a proprietary director or if you have a PRSA. Members of a defined contribution employer pension plan also have this option.

Under a recent change

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    Equality for EveryoneThere is probably no easier way to express what so many people feel about the forthcoming referendum about marriage equality than to say that the only real and right thing to do would be to acknowledge that with equality there can be no half measures. The 'No' side in this referendum on marriage equality have put forward many arguments to bolster their side but the real and fundamental question remains: if we believe in equality then it should unequivocally be for everyone. There is o …

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