Sour cream & oiion
Registered User
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Hi, 1st post on AAM, so hello all.
I am seriously considering investing in a retail commercial property to create an extra regular rental income stream.
I'm 50, married, 3 (nearly) grown up kids living in Cork and mortgage free.
I have 650k to invest and am not going to leverage. I have found what seems to be a good prospect in Dublin (not city centre) with a gross yield north of 12% with >15 years left on a 25 year lease with no break options.
What are the general pro's / con's of investing in commercial retail and are there any general sources of information on commercial property investing in Ireland?
I would appreciate it if anyone who has experience in commercial retail investment would comment on / critique my plans.
Thanks
I am seriously considering investing in a retail commercial property to create an extra regular rental income stream.
I'm 50, married, 3 (nearly) grown up kids living in Cork and mortgage free.
I have 650k to invest and am not going to leverage. I have found what seems to be a good prospect in Dublin (not city centre) with a gross yield north of 12% with >15 years left on a 25 year lease with no break options.
What are the general pro's / con's of investing in commercial retail and are there any general sources of information on commercial property investing in Ireland?
I would appreciate it if anyone who has experience in commercial retail investment would comment on / critique my plans.
Thanks