I've got a very good deal on an industrial unit in Dublin on a Greenfield site. I'm quite nervous about handing over 10% with signature of contracts as I wont see anything tangeable for at least a year. Is it madness in this economic climate to
a) buy a commercial property and
b) hand over the guts of €20k to a developer?
(I'm buying it personally and renting it to my company which in a good position at the moment so I'll have no problems geting rent for the duration of the mortgage.)
I'd appreciate any advice on this, thanks.
a) buy a commercial property and
b) hand over the guts of €20k to a developer?
(I'm buying it personally and renting it to my company which in a good position at the moment so I'll have no problems geting rent for the duration of the mortgage.)
I'd appreciate any advice on this, thanks.