C
Chord of Souls
Guest
Greetings and salutations.
My little business is getting a bit bigger and we're looking out for a new office. Made a few tentative enquiries about the price of serviced offices near us (West Dublin). One quoted a ballpark of €40 per square foot inclusive of rates, heating, electricity..basically everything except your phone bill. That's €40,000 per annum for a 1,000 sq. foot office, which is around our requirement.
Then I got to thinking - you can buy a bigger residential house in the same area for €240,000. Granted deposit 10% would have to be paid, plus expenses and Stamp Duty. But a €216,000 mortgage over 25 years would be around €13,000 per year. You'd buy a lot of equipment and stuff for the difference.
Our business is purely office and computer work. So no anti-social activities. No need for signage - maybe a discreet brass plate. Not concerned about image issues. Only occasional client visits - maybe once a day if not less.
Are there reasons why I can't do this? Do I have to get any special permissions? Looking at the longer-term financial picture, it seems to be a no-brainer.
Thanks.
My little business is getting a bit bigger and we're looking out for a new office. Made a few tentative enquiries about the price of serviced offices near us (West Dublin). One quoted a ballpark of €40 per square foot inclusive of rates, heating, electricity..basically everything except your phone bill. That's €40,000 per annum for a 1,000 sq. foot office, which is around our requirement.
Then I got to thinking - you can buy a bigger residential house in the same area for €240,000. Granted deposit 10% would have to be paid, plus expenses and Stamp Duty. But a €216,000 mortgage over 25 years would be around €13,000 per year. You'd buy a lot of equipment and stuff for the difference.
Our business is purely office and computer work. So no anti-social activities. No need for signage - maybe a discreet brass plate. Not concerned about image issues. Only occasional client visits - maybe once a day if not less.
Are there reasons why I can't do this? Do I have to get any special permissions? Looking at the longer-term financial picture, it seems to be a no-brainer.
Thanks.